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If you freed all those resources, you could equivalently reduce fossil fuel consumption (up to 0%, of course). So I say it matters very much.

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If you made it a crime to fly to tropical islands to enjoy the beach in the winter, you would enjoy a reduction in fossil fuels too, and people would be more productive than loafing about on the beach.

End of the day, people choose to spend resources on things that provide utility to them.

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