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Let's Fund Disaster Relief - And Fight Climate Change - With A Tax On Carbon
Forbes ^ | September 8, 2017 | By Jim Krane

Posted on 09/08/2017 9:43:04 AM PDT by Oldeconomybuyer

As Hurricane Harvey’s inland sea drains from Houston, the cleanup tally is rising: $180 billion for Texas alone, equal to the entire GDP of New Zealand.

We in Texas and Louisiana – and perhaps Florida – direly need funds to haul debris, fix houses and schools, replace cars, and build better flood protection.

With all these needs, a carbon tax can help.

A federal tax on carbon would discourage emissions of carbon dioxide and other GHGs that are warming the seas and the air.

Done right, a carbon tax would also bankroll cleanup campaigns led by FEMA and local agencies. It could fund flood protection recommended by the US Army Corps of Engineers, rather than see plans that would have saved thousands of homes discarded by Congress.

A tax also provides the right incentive structure, since it puts a price on the harm that GHG emissions impose on society and the environment.

Even under uncertainty involved in attributing a manmade link to individual storms, a carbon tax would still be useful in discouraging other fossil fuel externalities like local pollution, acid rain, traffic congestion and mountaintop removal.

We know that a carbon price is the simplest way to enforce the “polluter pays” principle around which most environmental laws are based.

But in this case it’s triply effective. The polluter pays not only for the pollution, but for efforts to help limit future destruction, and to clean up damage it may have already helped cause.

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; Editorial; Government; News/Current Events; US: Texas
KEYWORDS: carbontax; climatechangefraud; climatechangehoax; disasterrelief; globalwarming; globalwarminghoax; harvey; hoax; houston; idiot; jimkrane; krane; liberalagenda; liberalvultures; marxism; socialism; stupid
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To: Oldeconomybuyer

I remember, many moons ago, when Forbes was a decent read for business and financial matters.


41 posted on 09/08/2017 10:21:35 AM PDT by Rusty0604
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To: Oldeconomybuyer

As long as they only tax Texas and Louisiana since that’s where the money is going.


42 posted on 09/08/2017 10:25:12 AM PDT by raybbr (That progressive bumper sticker on your car might just as well say, "Yes, I'm THAT stupid!")
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To: Oldeconomybuyer

Never subscribed to Forbes. Now, even more reason not to.

Forbes should communicate a formal apology for leveraging a tragedy to advance a socialist scheme.


43 posted on 09/08/2017 10:26:14 AM PDT by Made In The USA (Next thing you know, 'ol Jed's a millionaire)
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To: Oldeconomybuyer

I surely did not expect that trash from Forbes.


44 posted on 09/08/2017 10:27:12 AM PDT by arthurus
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To: PGR88

Beat me to it, Forbes seems to be leaning more to the progressive/communist side of late.


45 posted on 09/08/2017 10:30:27 AM PDT by phormer phrog phlyer
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To: Oldeconomybuyer

Forbes..., what is it with businesses that advocate for junk science, let alone higher taxation?

This is tripe!


46 posted on 09/08/2017 10:31:51 AM PDT by DoughtyOne (One man's DACA, is 330 million other men's caca.)
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To: E. Pluribus Unum

“For the true believer no proof is necessary and no disproof possible” paraphrase slightly of Stuart Chase


47 posted on 09/08/2017 10:41:46 AM PDT by from occupied ga (Your government is your most dangerous enemy)
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To: Oldeconomybuyer

How about a tax on pointless magazines ?


48 posted on 09/08/2017 10:42:05 AM PDT by Eric in the Ozarks (Baseball players, gangsters and musicians are remembered. But journalists are forgotten.)
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To: Oldeconomybuyer

Goebbels Warming.

(where’s the picture?)


49 posted on 09/08/2017 10:47:14 AM PDT by Lurkinanloomin (Natural Born Citizen Means Born Here Of Citizen Parents - Know Islam, No Peace -No Islam, Know Peace)
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To: C210N

Carbons sequester the element from the atmosphere, if you’re doing your part, you’re using the hell out of them, or better yet just buying them by the truckload and burying them...


50 posted on 09/08/2017 10:55:06 AM PDT by Axenolith (Government blows, and that which governs least, blows least...)
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To: Oldeconomybuyer

If the idea is to replace income tax, we can talk. If you want to pile it on to what I am already paying, NFW.


51 posted on 09/08/2017 11:03:02 AM PDT by The Free Engineer
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To: Oldeconomybuyer

Hilarious!!! If what this idiot contends is true, then the tax should be levied only on Texas and Florida because they seem to be the only ones “polluting the environment” since we don’t have hurricanes in Maine or the Pacific Northwest, Colorado or Nevada. Since we have no hurricanes in those areas of the country, they should not have to pay any carbon tax. My goodness..............


52 posted on 09/08/2017 11:03:34 AM PDT by Dapper 26
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To: bert
Malcolm forbes must be turning over in his grave

Nah, they had him cremated ASAP because of AIDS rumors.

Besides, MSF used to hang with his gay Russian commie oligarch "friend" Armand Hammer who would just as easily screw people on such a scam.

And, MSF and Trump allegedly got into it at a Trump hotel on not letting MSF bring one of his underage, at least alcohol-wise, boy-toys into the hotel bar to drink.

53 posted on 09/08/2017 11:13:26 AM PDT by Calvin Locke
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To: TexasFreeper2009

Proving again that a degree does not equate to wisdom. If taxes were the key to wealth and economic success, Illinois would be richer than Texas.


54 posted on 09/08/2017 11:14:20 AM PDT by txrefugee (.)
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To: PGR88

Forbes jumped the Shark.


55 posted on 09/08/2017 11:22:42 AM PDT by shanover (...To disarm the people is the best and most effectual way to enslave them.-S.Adams)
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To: Oldeconomybuyer

Leftism is narcissistic.

Leftists have a sick, perverted need to control everyone else.

This is why they gravitate toward things like man-made global warming. It gives them an excuse to control EVERYONE.

Of course the same ones who are now screaming global warming are the same ones who previously screamed global cooling. John Holdren (Obama’s so-called science czar) and Paul Ehrlich were warming of this back in 1971 and advocated putting sterilizing chemicals in drinking water as well as forced abortions.

https://www.thenewamerican.com/tech/environment/item/22289-climate-alarmists-have-been-wrong-about-virtually-everything


56 posted on 09/08/2017 11:30:13 AM PDT by unlearner (You will never come to know that which you do not know until you first know that you do not know it.)
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To: Oldeconomybuyer

Why can’t all Liberals just buy their own indulgences and leave me alone?

Mobsters.


57 posted on 09/08/2017 11:38:45 AM PDT by right way right (May we remain sober over mere men, for God really is our one and only true hope.)
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To: Oldeconomybuyer

The most intriguing, perplexing and telling aspect of those touting the concept of Carbon taxing, is that the rich are all in favour of it. Even the Oil rich Irving family of Canada are saying that Carbon taxes are the cure to climate change... Then again, they haven’t paid taxes since the 1960s when they made their primary residence Bermuda where there are no personal income taxes... Meanwhile, they’ve made tens of billions in taxpayer funded projects. Somebody has to pay for those projects, and isn’t going to be them... It’s going to be you and me.


58 posted on 09/08/2017 11:44:00 AM PDT by jerod (Nazi's were essentially Socialist in Hugo Boss uniforms... Get over it!)
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To: Oldeconomybuyer

China is forging ahead on their Silk Road to oil and Russia is drilling like a madman in the North seas. Vietnam, India, and a hundred other nations are building a dependence on oil as we cut our dependence.

And Rice University’s Krane wants a carbon tax on the USA?

Bugger off, Krane.


59 posted on 09/08/2017 11:51:52 AM PDT by blueplum ( "...this moment is your moment: it belongs to you... " President Donald J. Trump, Jan 20, 2017)
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To: Calvin Locke

Malicious bull shit


60 posted on 09/08/2017 12:04:09 PM PDT by bert (K.E.; N.P.; GOPc;WASP .... The Fourth Estate is the Fifth Column)
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