Skip to comments.Let's Fund Disaster Relief - And Fight Climate Change - With A Tax On Carbon
Posted on 09/08/2017 9:43:04 AM PDT by Oldeconomybuyer
As Hurricane Harveys 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 its 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 ...
a tax on liberal stupidity and gullibility would net us TRILLIONS!
What the hell has happened to Forbes recently?
What the hell has happened to Forbes recently?
Let’s fund some favorite conservative cause with a tax on leftwing journalists. What’ll it be, repatriation of offshored manufacturing from China? Sounds good to me.
Algore hit hardest on taxes for his carbon footprint.
Is this guy suggesting Florida never got hit by a hurricane before? What about the last five years of no Florida hurricanes? People have no freakin’ clue what they are talking about. It’s all virtue signaling and politics. Here’s an actual scientific fact: The ecosystem has always and will always be evolving and one day the sun will burn out and the earth will die. As all this occurs over the next several hundred if not thousand of centuries, do the people of earth really need to listen to a diatribe from whiny liberals about how the GOP is causing it?
So they want to bail out the Insurance Industry again. Forbes has become the Chamber of Commerce publication.
I use my powers to crush all my kingsford briquets into diamonds.
Forbes and WSJ are pissed that their carbon credit racketeering scheme fell apart so fast.
An untold number of investors and industries were all set to game and profit handsomely from this wholesale shakedown.
Even better, let’s not levy a tax on just living in an advanced society!
A tax is not a solution to anything except increasing government’s power ... and they can and will demand more taxes tomorrow!
Taxes (the whole tax code in fact) should come with “sunset” provisions so that they go away unless reauthorized periodically, at least once a decade for any given provision. It is tax reductions or even not-taxing that should be in principal “forever.”
Always pushing their scams.
What an ignorant author. What America is clamoring for is more taxes. Forget that the guy we elected is preparing to cut taxes because that’s what we voted for.
A tax is a tax is a tax
A tax based on bad science fueled by liberal groupthink to collect income from working people to feed the power and wealth of their global overlords - is a real real bad idea
Trump may be our last hope if Ivanka can be kept out of policy making
How about a tax on the teaching of socialism and communism?
It would save vast amounts of waste CO2 sprayed into the air.
The tax money could go directly into a fund to teach patriotic American history in the schools.
Let’s not fund the wacky professor’s salary.
I want an end to all social engineering in the tax code. Use taxes to collect revenue. Nothing more. I like a flat tax on all income above some preset level, or a flat tax on all income with an earned income tax credit that fades out linearly. Alternatively, I like a flat national Value Added Tax. But either way, the new tax should be instead of, not in addition to, all previously existing sources of federal revenue. No deductions, no exemptions, and no special rules.
As for a carbon tax, that is nothing more than a clever excuse to increase taxes on everyone. No, thank you.
How about a $50 per issue tax on Forbes magazine? Everybody knows everyone who reads your magazine is rich, they can afford it. Whaddya say?
Sure. Why not. Gary Cohn is for it. I bet he would work with Admin’s new best friends Pelosi and Schumer to stick it to the GOP. That will show them!