Originally Posted by patteeu
I don't agree that a carbon tax would be an economy killer if it replaced a different tax instead of being applied on top of existing taxes. In fact, the good thing about a carbon tax is not that it addresses climate change (it doesn't, unless we're talking about taxing carbon across the entire developed and developing world). It's that it shifts a portion of our tax system away from production onto consumption and because it stands as a price proxy for the national security expenses we incur to keep the global oil trade flowing.
Yep. This is why a lot of Republican economists support it. It shifts taxes to a more efficient system. It would also kill any political will to act on climate change in the more hands-on regulatory way that Democrats prefer, but which would probably be a huge mess.
Homer: [looking at watch] Two hours? Why'd they build this ghost town so far away?
Lisa: Because they discovered gold over there!
Homer: It's because they're stupid, that's why. That's why everybody does everything.