This blog has long supported a carbon tax (see this or an older post). There are many reasons, but among them,
- Regardless of where you stand on global warming, pollution is bad. Clean air is good. Without external restraint, our shared environment becomes a tragedy of the commons. A carbon tax is an effective, market-neutral means of increasing the cost of pollution production.
- A carbon tax, unlike cap-and-trade, permits the market to choose where and when efficiencies can be achieved/improved upon.
- Unlike cap-and-trade, a carbon tax is simple, direct, and less subject to stealth manipulation by politicians.
Support crosses ideological lines: Many liberals support a carbon tax (example), economists like it (example), and many conservatives do as well. George Will wrote about it a while ago.
Today, the Weekly Standard website made available an article by Charles Krauthammer, discussing his support for the Net-Zero Gas Tax.
Are the political winds shifting? It is hard to see the public agreeing to a gasoline tax increase or price floor when the economy is souring, but maybe there is a chance.
1 comment:
We're optimistic at the Carbon Tax Center (www.carbontax.org). See the post leading our blog today.
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