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Washington Post Samuelson Just Call It 'Cap-and-Tax'

washingtonpost.com — The global warming solution favored by environmentalists would raise energy costs.

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  • Katsimbris, on 06/02/2008, -4/+0Remember that most of that article is to get to this part, which is really the most important and prescient.

    "But if we're going to try to stimulate new technologies through price, let's do it honestly. A straightforward tax on carbon would favor alternative fuels and conservation just as much as cap-and-trade but without the rigid emission limits. A tax is more visible and understandable."

    And he's right, as is Greg Mankiw and a host of other economists. A tax would be much more honest and straightfoward about what we would be trying to do, and how to go about it.
    • DavidHalko, on 06/02/2008, -0/+4a coersive tax where there is no opt out possibility is not honest - it is theft.

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