Posted on 09/08/2017 9:43:04 AM PDT by Oldeconomybuyer
As Hurricane Harvey’s inland sea drains from Houston, the cleanup tally is rising: $180 billion for Texas alone, equal to the entire GDP of New Zealand.
We in Texas and Louisiana – and perhaps Florida – direly need funds to haul debris, fix houses and schools, replace cars, and build better flood protection.
With all these needs, a carbon tax can help.
A federal tax on carbon would discourage emissions of carbon dioxide and other GHGs that are warming the seas and the air.
Done right, a carbon tax would also bankroll cleanup campaigns led by FEMA and local agencies. It could fund flood protection recommended by the US Army Corps of Engineers, rather than see plans that would have saved thousands of homes discarded by Congress.
A tax also provides the right incentive structure, since it puts a price on the harm that GHG emissions impose on society and the environment.
Even under uncertainty involved in attributing a manmade link to individual storms, a carbon tax would still be useful in discouraging other fossil fuel externalities like local pollution, acid rain, traffic congestion and mountaintop removal.
We know that a carbon price is the simplest way to enforce the “polluter pays” principle around which most environmental laws are based.
But in this case it’s triply effective. The polluter pays not only for the pollution, but for efforts to help limit future destruction, and to clean up damage it may have already helped cause.
(Excerpt) Read more at forbes.com ...
Hey, Krane, how ‘bout let’s don’t, ya moron.
HAHAHA well done sir!
Like hell. Gas powered vehicles evacuated people, rescued people and are essential for rebuilding. So the proposal is stupid.
Carbon tax is a wealth redistribution scheme.
I want to tax the film making industry for every day they are at work.
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