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 ...
I remember, many moons ago, when Forbes was a decent read for business and financial matters.
As long as they only tax Texas and Louisiana since that’s where the money is going.
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.
I surely did not expect that trash from Forbes.
Beat me to it, Forbes seems to be leaning more to the progressive/communist side of late.
Forbes..., what is it with businesses that advocate for junk science, let alone higher taxation?
This is tripe!
“For the true believer no proof is necessary and no disproof possible” paraphrase slightly of Stuart Chase
How about a tax on pointless magazines ?
Goebbels Warming.
(where’s the picture?)
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...
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.
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..............
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.
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.
Forbes jumped the Shark.
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.
Why can’t all Liberals just buy their own indulgences and leave me alone?
Mobsters.
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.
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.
Malicious bull shit
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.