Always and everywhere, government being short of cash is never a revenue problem — it is always a spending problem.
Anyone who is going to spend money on their own should have this default mindset.
“If I am out of money – I should spend less.”
Government has zero dollars — until it takes money from We the People. The default mindset of government should therefore be:
“If we are out of money – we should spend less.”
Government, however, does not think that way.
The Democrats’ Build Back Never bill — oops, I mean Build Back Better (BBB) — has LOTS of new taxes in it. And there’s another tax Democrats have been struggling mightily to add: a carbon tax.
What’s a carbon tax?:
“A carbon tax is paid by businesses and industries that produce carbon dioxide through their operations. This tax is intended to decrease the emissions of greenhouse gases as well as carbon dioxide (a colorless, odorless, incombustible gas) into the atmosphere. The tax is imposed with the goal of environmental protection.”
Another goal is to let the government take more money from America.
But BBB proponents say the point of a huge swath of the BBB bill is to impose all sorts of new mandates, restrictions, and regulations on US — in the name of environmentalism and saving the planet.
Historic Environmental Justice is included in the “Build Back Better Act”
Environmental Justice Advocates Demand that We Build Back Better
Earthjustice is happy to support the passage of the Build Back Better Act.
The bill will already be dramatically diminishing our economy in the name of the environment — so why pile on even more with a carbon tax?
Given the entire planet shares the same climate, shouldn’t we instead impose a carbon tax on countries doing FAR less self-flagellation than are we in the name of addressing climate change?
We beat ourselves up….
Biden Administration: Aggressive Reductions of US Coal Production
U.S. Shale: Biden’s Drilling Ban Actually Undermines Emission Targets
Are there huge economies like India, Russia and China? It’s not so.
China is still building an insane number of new coal plants
China is Suddenly buying record amounts of American Crude Oil
Russia is big on coal, gas, fossil fuels and not on renewables
Coal Is King in India – and Will Likely Remain So
India’s Demand for Oil Will Have Big Consequences for the Middle East
What do you do when things get tough? China, Russia, and India forget the environmentalism — and remember regular energy policies.
China To Reduce Economic Pressures by Reducing Energy Use Curbs
“China will loosen blanket restrictions on energy consumption in order to ensure environmental and climate targets do not erode future economic growth….”
Russia is ignoring climate change
Russia’s Dirty Gas Is Keeping Europe From Freezing Over
Russia and India veto UN Resolution linking Climate Change and Security
India cannot ignore Climate Shocks Anymore
Their inability to self-impose environmental controls often leads them to crazy extremes.
China’s Slave Labor, Coal-Fired, Mass-Subsidized Solar Panels Dominate the Planet
It is therefore a horrible idea for the US to impose a carbon price on America. Instead? Let’s do what we first recommended in February 2017….
The ‘Border Adjustment Tax’: Great Tax Reform – That Gets Us Great Trade Reform
What is a carbon border tax and what does it mean for trade?:
“A carbon border adjustment tax is a duty on imports based on the amount of carbon emissions resulting from the production of the product in question. This tax discourages the production of carbon as it is a price. As a trade-related measure, it affects production and exports.”
US taxing carbon emissions will cause a lot of US companies to leave the country and create lots of jobs. They will be taxed, but not the US.
“Instead of taxing exports and not imports, we’d be taxing imports and not exports. Instead of reading about corporate inversions and outsourcing, we’d be reading about jobs and firms moving into the U.S. to take advantage of the favorable tax rules here.”
We’re the only country imposing any real economic limits in the name of climate change.
We should therefore be the country that does not have to pay a carbon-tax.
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