Wednesday, November 3, 2010

Is the Carbon Tax a Solution to Government Deficits

Sound familiar?

I'm a strong supporter of carbon taxes (and no I'm not a hippie). The carbon tax policy is supported by economists across the political spectrum. Donald Marron held various appointments in the Bush administration. The idea is simple, tax items that impose an added cost to society and use the revenue to reduce personal income taxes and pay down the government debt.

Which country places the highest price on pollution? The surprise is the country that is number 2.  This suggests the U.S. can increase carbon prices and still be competitive on global markets.

1 comment:

  1. It’s really hard to say whether this is a solution or not but we just need to be very careful with how we work out everything because only then we will be able to figure out good rewards. Luckily, I am able to do it all very well and that’s especially thanks to OctaFX broker with the tremendous features and facilities on the list with small spreads from 0.1 pips to high leverage up to 1.500 while there is also rebate scheme too, so all this makes trading love able!

    ReplyDelete