Posted on 10/08/2020 5:21:43 AM PDT by Theoria
Former Federal Reserve chair Janet Yellen said bipartisan concern over climate change could see the United States adopt a tax on carbon emissions, with the proceeds shared with households, if Democrat Joe Biden is elected President in November.
Yellen, who served as Fed chair from 2014-2018, said the combination of social injustices exposed by the coronavirus pandemic and Black Lives Matter protests, and wildfires in California, could boost support for the proposal.
“There really is a new kind of recognition that you’ve got a society where capitalism is beginning to run amok and needs to be readjusted in order to make sure that what we’re doing is sustainable and the benefits of growth are widely shared in ways they haven’t been,” Yellen told Reuters in an interview on Wednesday.
“What I see is a growing recognition on both sides of the aisle that climate change is a very serious concern and that action needs to occur,” she said.
Yellen was speaking ahead of the launch on Thursday of a report from a working group she co-chaired with former Bank of England Governor Mark Carney setting out steps governments, regulators, businesses and investors can take to accelerate a shift to a low-carbon future.
Among the recommendations, compiled by the G30 network of former central bankers, academics, policy-makers and financiers, was a gradually increasing price on carbon to help transition economies to net zero emissions.
(Excerpt) Read more at reuters.com ...
This is one of the many reasons he would be dangerous.
Suddenly, the biggest issue in 2020 is climate change??
WTF? There are a lot of things going on this year, and “climate” doesn’t make it on my list of things to care about.
“... with the proceeds shared with households”
OH BOY, more free money! Where do I sign up?
“There really is a new kind of recognition that you’ve got a society where capitalism is beginning to run amok and needs to be readjusted in order to make sure that what we’re doing is sustainable and the benefits of growth are widely shared in ways they haven’t been
“What I see is a growing recognition on both sides of the aisle that climate change
Two points of steaming crap
I had to breathe a lot of smoke this summer. Aren’t I a victim?
I’ve been +12 for years and will stay that way even if there is a carbon tax i will not pay
The communists are going all in. Steel yourselves folks.
aka....we got you by the pocket!!
Might as well adopt a tax on breathing. Or a tax on heartbeats.
Carbon DiOxide is as necessary for life as oxygen. It does not cause global warming or climate change. An increase in CO2 will help plants flourish.
Government funding has corrupted science.
You must be the “right” kind of household to get the money.
I live in Mexifornia and I wouldn’t wish this state’s policies on my worst enemy.
“ Suddenly, the biggest issue in 2020 is climate change??”
Not, “US could cease to exist prior to the 2021 inauguration, and not after, under Biden, as...whatever Reuter’s makes up]“
Something like this.
It’s Reuter’s.
everything happening in the name of CoV2 matches what was planned in the name in of CO2, but they couldn’t get it off the ground, because Trump pulled out of the Paris Accords.
the withdrawal doesn’t take effect until the 4th November. Obama and the climate mob made sure in 2015 that it would take years to withdraw, but it only takes a month to get back in.
the climate mob have long claimed they would return carbon taxes to those most impacted by “manmade gloBULL warming” (lol), and offered bribes to other groupings (e.g. farmers - carbon farming) in order to get them onside.
thus we have the stimulus bills under the virus lockdowns.
Mark Carney, ex-Goldman Sachs, former governor Bank of Canada, former governor Band of England is an ultra globalist:
Wikipedia: Mark Carney
Carney was appointed as United Nations special envoy for climate action and finance as he prepared to step down as governor of the Bank of England in March 2020...
In his 23 August 2019 speech delivered at the Federal Reserve Bank of Kansas City’s 2019 annual Jackson Hole Economic Symposium at Jackson Lake Lodge, entitled “The Growing Challenges for Monetary Policy in the current International Monetary and Financial System”, Carney said that the “widespread use of the US dollar—the dominant currency pricing—in “trade invoicing, in place of the currency of either the producer or the importer”[54] has had a “destablilizing” effect on the global economy, according to Reuters...
Speaking only hours after U.S. President Donald Trump had posted on Twitter that he blamed the Federal Reserve Chairman Jerome Powell’s policies creating fears of an economic recession—and then threatened China with more retaliatory tariffs—Carney urged central banks to work together to replace the US dollar as reserve currency. He cautioned against choosing another new hegemonic reserve currency like the Renminbi and suggested instead, a “new Synthetic Hegemonic Currency (SHC), such as Libra, which could potentially be provided “through a network of central bank digital currencies,” that would decrease the US dollar’s “domineering influence” on trade worldwide...
https://en.wikipedia.org/wiki/Mark_Carney
But Joe-Blowme “isn’t going to raise taxes on anyone earning under $400,000”.
‘If you like your tax savings you can KEEP your tax savings...’
There are a lot of things going on this year, and “climate” doesn’t make it on my list of things to care about.
*************
You have a rational sense of priorities. The only priority Dems have is political power and they will exploit any issue to get it.
“with the proceeds shared with households”
yeah THAT’LL “stop” “climate change” for sure ...
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