After advocating a carbon tax as the least bad alternative, I have been persuaded that it's politically impossible. People are not going to vote for a politician who promises to significantly boost what they pay at the pump and pay for power.I almost agree with him, but not quite. The uproar over high energy prices in the past year or so has convinced me that, under most circumstances, a carbon tax is politically impossible. However, there are times when this would be different. Imagine if George W. Bush, right after 9/11, had said that, as a matter of national security as well as environmental protection, we'll be phasing in a carbon tax and an oil import fee, while reducing various income and payroll taxes. I think that would have passed, and been a great accomplishment. Too late now.
Thursday, December 4, 2008
Carbon tax hindsight