Monday, April 08, 2019

Eek, a Carbon Tax


2 comments:

David in Cal said...

A carbon tax is not going to solve the problem of climate change. However, it will hurt the poorest Americans. It's a regressive tax.

Cheers

David Appell said...

It depends on how the tax is structured -- it can be made revenue neutral, or all the tax collected could be returned on an equal per capita basis, which will alleviate poverty.

In January many top & famous economists signed a letter to the Wall Street Journal, "Economists’ Statement on Carbon Dividends," advocating a carbon tax and return:

https://energy.umich.edu/news-events/energy-economics-weekly-briefings/story/economists-letter-in-support-of-carbon-tax/

https://johnhcochrane.blogspot.com/2019/01/economists-letter-on-carbon.html