GET READY AMERICA A NEW TAX IS ON ITS WAY
UNITED NATIONS WILL MANAGE IT !
CLICK HERE FOR THIS ON FORBES.COM
Finally the New York Times gets with the program: they ran an Op/Ed today which explains what is the obvious and complete solution to climate change, a carbon tax. Of course I believe this, I even wrote an entire book insisting that this was, along with free market globalisation, exactly what we needed to do.
The arguments in the Op/Ed are good but not quite complete:
Let’s start with the economics. Substituting a carbon tax for some of our current taxes — on payroll, on investment, on businesses and on workers — is a no-brainer. Why tax good things when you can tax bad things, like emissions? The idea has support from economists across the political spectrum, from Arthur B. Laffer and N. Gregory Mankiw on the right to Peter Orszag and Joseph E. Stiglitz on the left. That’s because economists know that a carbon tax swap can reduce the economic drag created by our current tax system and increase long-run growth by nudging the economy away from consumption and borrowing and toward saving and investment.CLICK HERE FOR THIS ON FORBES.COM