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The Carbon Tax: The Most Sensible Tax of All

CaseNew York Times op-ed:  The Most Sensible Tax of All, by Yoram Bauman (The ‘Stand-up Economist’) & Shi-Ling Hsu (Florida State; author of The Case for a Carbon Tax):

Substituting a carbon tax for some of our current taxes — on payroll, on investment, on businesses and on workers — is a no-brainer. Why tax good things when you can tax bad things, like emissions? The idea has support from economists across the political spectrum, from Arthur Laffer and Gregory Mankiw on the right to Peter Orszag and Joseph Stiglitz on the left. That’s because economists know that a carbon tax swap can reduce the economic drag created by our current tax system and increase long-run growth by nudging the economy away from consumption and borrowing and toward saving and investment. …

A carbon tax makes sense whether you are a Republican or a Democrat, a climate change skeptic or a believer, a conservative or a conservationist (or both). We can move past the partisan fireworks over global warming by turning British Columbia’s carbon tax into a made-in-America solution.


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