You then offset that [carbon tax] with a reduction in payroll taxes, dollar for dollar. And that's why I was so flexible. It's a tax swap, that's what I was talking about. It wouldn't grow the government, and it would approximate the attachment of these negative externalities to combustion fossil fuels.
The profit of destroying nature or polluting the planet is nearly always privatized, while the costs of polluting the planet or the cost of destroying ecosystems is nearly always socialized. That cannot continue.
I teach public policy at Dartmouth. I am the author of Naked Money, Naked Statistics, and othe
Even in the face of uncertainty over the effects of global warming – including whether it is happening at all – the policy we ought to pursue is a no-brainer. We ought to protect ourselves from a potentially catastrophic outcome by curtailing carbon emissions now.