Thursday, January 17, 2019

Carbon taxes and justification

To maximize the fairness and political viability of a rising carbon tax, all the revenue should be returned directly to U.S. citizens through equal lump-sum rebates. The majority of American families, including the most vulnerable, will benefit financially by receiving more in “carbon dividends” than they pay in increased energy prices...

A group of economists want to tax carbon. They list five reasons or conditions to stop global warming.  All of them will likely violate rule number five, they will use the taxes to subsidize government functions, especially their favorite bailouts.   Government systems are littered with energy waste, like in California, a good chunk of wasted energy comes from environmentalists and theie government money pot. Someone like Gavin is going to be clueless here, his first thought has always been that his political supporters get energy subsidize, and that will be he case everywhere.

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