MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘Carbon Tax’

Green New Deal: “Air Travel Stops Becoming Necessary”

Posted by M. C. on February 7, 2019

Alexandria Occassional-Cortex

“It will be one of several or maybe many suggestions that we receive,” Pelosi told Politicoon whether the climate change panel will write legislation around the Green New Deal. “The green dream or whatever they call it, nobody knows what it is, but they’re for it, right?” 

Like Obamacare

The Real Deal“Ensure that all GND jobs are union jobs that pay prevailing wages and hire local.”

https://www.atr.org/green-new-deal-air-travel-stops-becoming-necessary

Posted by Michael Palicz

Below are the details of the proposal.

Rebuild every single building in the U.S.

“Upgrade or replace every building in US for state-of-the-art energy efficiency.”

Will end all traditional forms of energy in the next ten years.

The Green New Deal is “a 10-year plan to mobilize every aspect of American society at a scale not seen since World War 2 to achieve net-zero greenhouse gas emissions.”

Plans to ban nuclear energy within 10 years if possible.

“It’s unclear if we will be able to decommission every nuclear plant within 10 years, but the plan is to transition off of nuclear and all fossil fuels as soon as possible.”

Build trains across oceans and end all air travel!

“Build out highspeed rail at a scale where air travel stops becoming necessary”.

Don’t invest in new technology of Carbon Capture and Storage, just plant trees instead!

“We believe the right way to capture carbon is to plant trees and restore our natural ecosystems. CCUS technology to date has not proven effective.”

Mandates all new jobs be unionized.

“Ensure that all GND jobs are union jobs that pay prevailing wages and hire local.”

May include a carbon tax.

“We’re not ruling a carbon tax out, but a carbon tax would be a tiny part of a Green New Deal.”

May include cap and trade.

“…Cap and trade may be a tiny part of the larger Green New Deal plan.”

How much will it cost?

No estimate of the total cost of implementing the Green New deal is offered by Ocasio-Cortez.

However, as Ocasio-Cortez admits, “even if every billionaire and company came together and were willing to pour all the resources at their disposal into this investment, the aggregate value of the investments they could make would not be sufficient.”

“The Federal Reserve can extend credit to power these projects and investments and new public banks can be created to extend credit”…

Be seeing you

genius

 

 

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The Economic Argument for a Carbon Tax Is a Work of Fiction | Mises Wire

Posted by M. C. on February 3, 2019

If these regulations are so inefficient, then why do they exist in the first place? The answer, of course, is that they are there for political reasons, not because they passed a legitimate cost-benefit test.

https://mises.org/wire/economic-argument-carbon-tax-work-fiction

We live in strange times indeed when an environmental reporter for The New York Times writes that we should stop pushing for a carbon tax, just a few weeks before dozens of distinguished economists sign a letter to the Wall Street Journal calling for a carbon tax. Yet despite the prestige behind the impressive list of signers, the economists mislead the American public on several key points.

Specifically, there is quite open hostility on the progressive Left to merely a carbon tax—for example as is spelled out in the “Green New Deal” that has attracted so much attention. It is thus very dangerous for these economists to tell the public that a carbon tax would promote economic growth by eliminating unnecessary regulation. Furthermore, there is no discussion of just how severely economic growth would be limited, even if the carbon tax receipts were refunded dollar-for-dollar (which of course they won’t be). The talk about average families receiving more back in dividends than they pay out in higher energy prices is extremely misleading, and could only be true if the scheme fails in its ostensible goal of drastically cutting emissions. Finally, the attempt to maintain American competitiveness with a “border adjustment” would simply ensure that the program was symbolic and did little to slow global carbon dioxide emissions.

No, a Revenue-Neutral Carbon Tax Deal to Replace Regulations Is Not Going to Happen

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The “Green New Deal” Debunked (Part 2 of 2) | Mises Wire

Posted by M. C. on January 27, 2019

https://mises.org/wire/green-new-deal-debunked-part-2-2

One of the hottest topics in policy wonk circles is the “Green New Deal,” spearheaded by the rising star of the progressive Left, Alexandria Ocasio-Cortez. In my previous post, I explained that the entire premise of a current New Deal—whether green, red, or blue—was flawed. Even on standard Keynesian terms, it makes no sense to embark on a $1 trillion government spending program with official unemployment below 4 percent and the Fed raising rates to rein in price inflation. Worse, historically the actual New Deal under Franklin Roosevelt prolonged the nation’s suffering, making the Great Depression linger for a decade. Finally, I pointed out that the supporters of a Green New Deal weren’t merely interested in mitigating climate change: they quite openly announce that they will use the plan as a vehicle for transforming society according to the standard progressive wish list.

In the present post, I’ll critically analyze some of the specific policy goals listed in the draft text calling for a creation of a select committee to craft a Green New Deal. The various proposals would waste enormous sums of money in pursuit of impossible goals that would raise energy prices and hurt consumers. Even if one believes that carbon dioxide emissions constitute a “negative externality,” the measures in the proposed Green New Deal would achieve emission reductions at a much higher cost than necessary. And we see once again that the progressive Left does not think a simple “price on carbon” is enough to achieve their agenda. Conservatives and libertarians should therefore be under no illusions when the idea of a “carbon tax deal” is floated.

A Carbon Tax Won’t Satisfy the Green New Dealers

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For Climate Interventionists, New Taxes are Only the Beginning | Mises Institute

Posted by M. C. on December 6, 2018

Say what you will about the climate policy discussions at Vox, but they don’t mince words. They come right out and tell you how much they want to micromanage every last detail of your life. 

https://mises.org/power-market/climate-interventionists-new-taxes-are-only-beginning

Robert P. Murphy

Among other results, this peek into the interventionist mentality should serve as a wake-up call for the few writers who keep charmingly calling on libertarians and conservatives to strike a carbon tax deal with progressive leftists. As the Roberts/Harvey discussion says quite plainly, a carbon tax is just one arrow in the quiver of those championing aggressive government intervention to slow climate change.

A Carbon Tax Is Not Enough

Let me validate the carbon tax claim first. Here’s the key exchange from the Vox interview: Read the rest of this entry »

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Elon’s Carbon Con (Elections Have Consequences, Part Deux) – EPautos – Libertarian Car Talk

Posted by M. C. on January 30, 2017

http://ericpetersautos.com/2017/01/28/elons-carbon-con-elections-consequences-part-deux/

Here is how Elon Musk makes his money. Just like everyone else in the green energy business. Carbon tax and government subsidy. A below the belt one-two punch to the taxpayer’s wallet.

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The CERN cloud machine and Australia

Posted by M. C. on September 3, 2011

We recently spent 2 weeks in Tasmania. What a beautiful place with great people especially our host, her family and friend(s). We can’t wait to get back. I have tried to keep up with the goings on before and since our visit. One thing that jumps out at any visitor is the fact that green is big in Australia. Really big. Read the rest of this entry »

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