Carbon Tax Will Harm the Economy : The Environmental Insane Say No

Why is it that with untold amount of evidence that there isn't climate change from man made sources, it still is front and center among the policy makers, intellectual want-a-bes and the environmental insane lunatic money grabbers.

How does this happen? How can so few lunatics convince so many they are right in their demands for more money and more restriction on everything they deem harmful without any acceptable facts to support their demands? Everything they have concocted as evidence has been proven to be false and managed information. And yet here we are, discussing a carbon tax will be harmful.

Are we living in some kind of alternate universe where everything is beyond comprehension???

The Case Against a Carbon Tax
Source: Robert P. Murphy, Patrick J. Michaels, and Paul C. Knappenberger, "The Case Against a Carbon Tax," Cato Institute, September 4, 2015.

September 18, 2015

Policymakers and environmentalists have proposed in recent years that a federal carbon tax is a necessary response to curb climate change. However, the economics of such a climate change plan would be ineffective or even harmful to the United States. The "social cost of carbon," or the present value of future damages caused by carbon dioxide emissions, is the basis for arguments in favor of a U.S. carbon tax.

However, the models used to measure the social costs in recent years have profoundly failed, making them unreliable in their forecast utility. In a recent U.N. Intergovernmental Panel on Climate Change (IPCC) report it was noted that aggressive emission cutbacks could cause more damage than help.

Carbon taxes cause more economic damage, suggesting that swapping out a generic tax on labor or capital would probably reduce conventional GDP growth. The carbon tax in Australia was repealed quickly after the resulting price hikes in electricity causing the economy to falter. Compared to the other provinces, British Columbia's economic performance is lower suggesting that its carbon tax and subsequent drop in gasoline purchases is a fault.

Evidence is continuing to grow that human carbon dioxide emissions do not actually cause as much global warming as currently asserted by official models. Both in theory and practice, a U.S. carbon tax is a dubious policy proposal.