Posted on 08/31/2016 3:53:47 PM PDT by 2ndDivisionVet
Nobel prize winning economist Joseph Stiglitz has some advice for Hillary Clinton: Tax fossil fuels.
Stiglitz, who is an adviser to Clinton, says taxing carbon would be the best way to address climate change -- and boost the U.S. economy.
The move would immediately lead to higher prices for oil, gas and coal. It would also hike the cost of anything that uses those fuels such as electricity and transportation. The goal is to force Americans to find alternatives that are cheaper and better for the planet.
Taxes typically hinder the economy, but Stiglitz believes this one would help.
"I think a carbon tax would stimulate the economy," Stiglitz told CNNMoney. He says it would lead many firms to remodel their factories and redesign their supply chains, which would generate jobs and growth....
(Excerpt) Read more at money.cnn.com ...
This is one of the guys who wrote the IPCC conclusion that global warming is real. He also won the Nobel Prize for saying that markets need more government interference because information is asymmetric.
Another communist who thinks he’s a climate scientist.
Aren’t fossil fuels taxed to high heaven already. Every time I look at my propane bill I see that a goodly portion of the cost is taxes.
Jack up the prices of fossil fuels enough and we’ll be back to using oxen to pull plows. But they’ll probably criminalize the methane output from oxen, too, so we’ll end up pulling our own plows — if we’re still allowed to make steel.
Another Keynsean Know nothing. Google sometime all of the uses for oil coal and it is a surprisingly big list..
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