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To: USFRIENDINVICTORIA
This particular carbon tax is the least bad, because it does the least to distort the market; and because the revenues are used to reduce other taxes.

???

You do realize that every last penny of "carbon taxes" is ultimately passed on to consumers to pay, through higher energy costs and higher prices for goods that require energy to produce and put on the shelves (ie., everything)?

26 posted on 07/05/2012 2:31:45 PM PDT by Lancey Howard
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To: Lancey Howard

“You do realize that every last penny ....”

Yes, and that’s why I called the carbon tax a “least bad” policy, rather than a “good” one. I also said that it would be just plain “bad”, if the revenues are earmarked for wasteful “green energy” projects, rather than being used to offset other taxes.

It’s hard to pick the “worst” policies — but, I’d probably start with government subsidies and mandates to induce the burning of food for fuel (e.g. corn ethanol). The CAFE would be high up there. CAFE will create all sorts of distortions and inefficiencies in the auto industry — all of which will be passed on to consumers (particularly those who need larger vehicles). Shutting down coal plants, the oil sands, pipelines, etc. are all very bad policies, when measured against costs to the consumer. And on, and on ....


33 posted on 07/06/2012 9:24:11 AM PDT by USFRIENDINVICTORIA
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