Select the search type
  • Site
  • Web
Search

The natural world. Looking pretty for 3.5b years.

Reagan’s Tax Expert Says Carbon Tax “Makes a Lot of Sense”

Author: Guest Writer/Monday, November 19, 2012/Categories: Uncategorized

Supply-side guru Arthur Laffer tells me that it’s better to tax carbon than almost anything else

By Reilly Capps

Did Sandy, which plunged Lower Manhattan, the world’s most powerful island, into the dark, change the climate – the political climate, the intellectual climate – of the discussion on global warming? Did it change it … as far away from the East Coast as Colorado Springs?

That’s how it seemed over dinner at the Broadmoor, a ritzy old hotel that is to conservatives what the Fortress of Solitude was to Superman.

While his audience put away lamb loin and Cabernet, the man who had been Reagan’s go-to guy on low taxes and supply-side economics voiced an opinion so unorthodox he might as well have been a pastor renouncing God.

He said it wouldn’t be a bad idea to do something about global warming.

“A carbon tax,” he said, “makes a lot more sense than most taxes.”

The man was Arthur Laffer, father of supply-side economics, who never met a tax he wouldn’t cut. He had just finished a spiel about how Obama’s tax policies will lay the country low. But, in response to a question from this reporter about Sanday and climate change and a tax on carbon, he didn’t laugh or brush it off. He answered it.

“I don’t have any knowledge of climate change,” Laffer told me. “That’s a different PhD.”

And the crowd laughed.

“But I think a carbon tax is a lot less damaging than a progressive income tax,” he said. We ought to cut income taxes, he said, because that will encourage people to work more. If we need to find a way to replace those government revenues, a carbon tax ought to be high on the list, because it will discourage people from polluting (because it will cost them).

Laffer went on to talk about how he favors so-called Henry George taxes – which stipulate that that natural resources, like oil, belong to everyone, and companies that extract them should pay high taxes to take them. But when he said his bit about a carbon tax, you half expected the foundations of the hotel to shake, the audience to riot.

To be clear, Laffer has been talking about this long before Sandy. Here he is in a video he made for a conservative group working to pass a carbon tax:

There’s a growing roster of conservatives who think the way Laffer does. Even the strongest anti-tax crusader, Grover Norquist, flirted with the idea of a carbon tax last week.

Was it the election, when voters failed to buy the line that global warming is a joke? Will this made Republicans see the light?

More on this in posts to come.

 

Print

Number of views (2159)/Comments (0)

Please login or register to post comments.

Name:
Email:
Subject:
Message:
x
With The Eyes Of A Kid Wednesday, October 4, 20170

With The Eyes Of A Kid

Serendipity happens if you pay attention.

What Gravitational Waves Mean Tuesday, October 3, 20170

What Gravitational Waves Mean

Gravitational waves and a Nobel Prize.

Once Bishop Glacier...Now Becoming Bishop Lake Monday, October 2, 20170

Once Bishop Glacier...Now Becoming Bishop Lake

British Columbian glaciers are in fast retreat.

Public Lands Day Saturday, September 30, 20170

Public Lands Day

Supporting public lands every day.

Tsunami Invaders Friday, September 29, 20170

Tsunami Invaders

Invasive species raft across the ocean.

Damage Maps for Puerto Rico & US Virgin Islands Thursday, September 28, 20170

Damage Maps for Puerto Rico & US Virgin Islands

JPL producees maps for hurricane recovery.

Volcano May Explode Tuesday, September 26, 20170

Volcano May Explode

Bali's Mount Agung could erupt any time.

Another Glacier Cracks in Antarctica Monday, September 25, 20170

Another Glacier Cracks in Antarctica

A Manhattan-sized iceberg has now appeared.

Cassini's Last Photos Saturday, September 23, 20170

Cassini's Last Photos

Cassini gathered data and photos until its last moment.

A 'Lost Crop' That Might Change Africa Thursday, September 21, 20170

A 'Lost Crop' That Might Change Africa

A wholistic plan for a 'lost crop' that could change Africa.
The Driest Place on Earth Tuesday, September 19, 20170

The Driest Place on Earth

The Atacama Desert as a Mars analog.

Watching Tundra Melt Monday, September 18, 20170

Watching Tundra Melt

Permafrost melting in 'real time'.

A Giraffe Boosts Conservation Saturday, September 16, 20170

A Giraffe Boosts Conservation

A white giraffe becomes a wildlife icon.

Cassini's Last Bow Friday, September 15, 20170

Cassini's Last Bow

The spacecraft's exploration of Saturn has ended.

Huygens and Titan Thursday, September 14, 20170

Huygens and Titan

Remembering a distant moon lander.

Goodbye to Cassini Wednesday, September 13, 20170

Goodbye to Cassini

Cassini takes a bow and exits the stage.

Comparing Sizes Tuesday, September 12, 20170

Comparing Sizes

Physical size mattered in the Cenozoic.

Animal Shelters Monday, September 11, 20170

Animal Shelters

Compassion for animals was shown during Irma's wrath.