I wonder how enthused the NY Times Editorial Board members would be if the states they reside in initiated a carbon tax, which would hit them personally as well as their employer?
Anybody hoping for a robust national discussion about climate change this election year has been sorely disappointed. But one state, Washington, has been having just such a debate, thanks to an ambitious ballot proposal that would impose a tax on carbon emissions.
The proposal, Initiative 732, started as a long-shot campaign by an economist and standup comedian, Yoram Bauman, but it has gained public support and become a viable effort. It would impose a tax on greenhouse gas emissions generated by fossil fuels like petroleum, gas and coal. The tax would start at $15 per metric ton next year, increase to $25 a ton in 2018 and then rise gradually over a few decades until it hits $100 a ton in 2016 dollars. (A typical passenger car emits about five metric tons of carbon dioxide in a year.) The money raised by the tax would go to lowering the state sales tax, effectively eliminating a business tax on manufacturers and giving up to $1,500 in tax credits to low-income residents.
They won’t admit it, but the reason Progressives love this type of carbon tax is because citizens will see their cost of living skyrocket, then see the helpful hand of government give them some money to offset the rise. Not enough to fully offset, mind you. Enough to make them more dependent on government, with government spinning a yarn that it wasn’t the fault of the carbon tax, but, those evil fossil fuels companies and such.
Of course, Warmist forces will say “eh, it’s not a lot of money. $125 in 2018 to Save The Planet? No biggie.” Of course, this ignores that every business seeing a rise will pass the costs on to the consumer.
Climate scientists and economists have long said that one of the best ways to fight climate change is to put a price on greenhouse gas emissions and raise that price over time, which would encourage the switch to cleaner energy sources, like solar and wind. The initiative’s approach is based on a carbon tax that British Columbia put in place in 2008. Ireland and Sweden also have such taxes.
Of course, greenhouse gases have increased in B.C. since 2010, as the great recession started to end. The B.C. gross domestic product has lagged behind the rest of Canada. The cost of living has gone up. Sweden? Do they even have an economy anymore? Ireland does well, though, because of their super-low corporate taxes.
Interestingly, the Washington State Democratic Party came out against Initiative 732, as did many Democratic voting organizations, mostly because it dares lower sales, personal, and corporate taxes. Apparently, they just want to hose citizens.
The last poll taken, back in July, has it as 52% for, 39% against, and 8% not sure. Hey, if the citizens of Washington want this, that’s on them. And there’s no whining when they get results they didn’t think would happen. Like higher costs of living, lower GDP, higher fuel and food costs, decreased employment, companies leaving the state, and so forth.