Tuesday, March 25, 2008

On the Carbon Tax

"Free market" solutions to pollution have always been a problem because the costs of pollution are not part of the market, instead, they are borne by society without costs to the polluter. So, there lies the need for a carbon tax. Policy makers in many cases have already moved on from that fact to the issue of what to do with the revenues. But, if a carbon tax is doing what it should, it's a tax you should never want to collect. For more, an enlightening article from the NYT Op Ed Page is here.

1 comment:

Matt said...

Glad you guys made it to CA OK. We gonna see some pictures anytime soon?

I agree with you about the carbon tax. Seems to me it would be much better to pursue a cap and trade--to my knowledge, no pollution problem has ever been solved without setting a cap. Trick is to figure out just how much carbon our atmosphere can absorb per annum.

Speaking of carbon--have you heard of Cheat Neutral yet?? http://youtube.com/watch?v=f3_CYdYDDpk