Said taxes can just as easily destroy the capital holders you claim will go looking for other investments. It's a fluid pool, you can't suck a billion out of the private economy without impacting all other private capital.
And that is all premised on getting the taxes right. If you miss in the guess work, you'll cause massive damage and dislocation of capital. The US has done that on numerous occasions (eg ethanol 1970s).
Energy is politics. There's really no other industry on the entire planet that is more defined by politics due to its importance and nature (from land for solar to drilling in Nigeria, to tar sands in Canada, to windmills killing birds and on and on).
If you don't know and don't care about politics when it comes to energy, then you're going to get nowhere.
And that is all premised on getting the taxes right. If you miss in the guess work, you'll cause massive damage and dislocation of capital. The US has done that on numerous occasions (eg ethanol 1970s).
Energy is politics. There's really no other industry on the entire planet that is more defined by politics due to its importance and nature (from land for solar to drilling in Nigeria, to tar sands in Canada, to windmills killing birds and on and on).
If you don't know and don't care about politics when it comes to energy, then you're going to get nowhere.