Positive tax

September 16, 2007 at 6:55 am | Posted in Uncategorized | Leave a comment

This page was sent to you by: inel

BUSINESS | September 16, 2007
Economic View: One Answer to Global Warming: A New Tax
The case for using a carbon tax to reduce emissions of greenhouse gases.

This makes a lot of sense to me.

Earlier this week, there was an article in the Wall Street Journal:

WSJ.com – Climate Change’s Great Divide

Lawmakers Favor Carbon Caps, Trading; Economists Prefer a Tax

September 12, 2007; Page A4

(See Corrections & Amplifications item here.)

The biggest political battle in Washington over climate change may not pit Democrats against Republicans. Instead, it could be economists versus politicians.

Many academics, even conservatives, favor a tax on carbon emissions. Many lawmakers, including some liberals, fear a political backlash against new fees. They lean toward a cap-and-trade system, which would set a limit on carbon-dioxide emissions and require companies to obtain permits to release carbon dioxide into the air.

… This article will be available to non-subscribers of the Online Journal for up to seven days after it is e-mailed.

After reading Lawrence Summers’ remarks in favour of taxes, my simple feelings, as a non-economist, are that we should support any politician bold enough to propose carbon taxes to combat climate change: that takes real courage.

There must be ways to make the taxes benefit poorer members of society by rewarding them for carbon-efficient lifestyles through improvements in public transport instead of road-building, encouraging healthier lifestyles by taxing meat more heavily than fruits and vegetables, not to mention ‘carbon credits’ in the form of bonus points to children who walk or cycle safely to school, even if it means they get there a little later 😉


Leave a Comment »

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Blog at WordPress.com.
Entries and comments feeds.

%d bloggers like this: