Skip to main content

View Diary: A Carbon Tax definitely works (25 comments)

Comment Preferences

  •  From the St. Louis Ed Board (4+ / 0-)

    Editorial: Save the planet. Save Social Security. Save Medicaid. Tax carbon.

    Conservative doctrine is that taxing consumption is always preferable to taxing income. The most notable conservative advocate for the carbon tax is economist Gregory Mankiw of Harvard, chairman of the Council of Economic Advisers under President George W. Bush and economic adviser to Republican Mitt Romney’s presidential campaign. He is joined by former Fed chairman Alan Greenspan and supply-side guru Arthur Laffer, among others.
    The Op/Ed goes on to say that >$80/ton tax would be needed to hopefully avert the worst of climate change by 2100, which would raise gas by $0.70-80/gallon. Obviously, that would be a big impact on a lot of people, but the article suggests that the carbon tax be used in place of the payroll and medicare taxes which would allow people to save more on their paychecks.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site