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December 2, 2014

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review Nov. 20, 2012 / 7 Kislev, 5773

The case for a carbon tax

By A. Barton Hinkle




http://www.JewishWorldReview.com | Desperate to do something about the nation's gargantuan deficits but depressed about the possibility of raising income taxes, some in Washington think they have found the pefect fix: a carbon tax. They are pursuing the right answer to the wrong question.

Washington is not swimming in red ink because it is low on funds. As The Wall Street Journal pointed out a few days ago, "individual income tax payments are now up $233 billion over the last two years, or 26 percent," and overall tax revenue is at an almost historic high. Washington's problem is spending.

Still: Even Grover Norquist - the Carrie Nation of taxation (she described herself as "a bulldog running along at the feet of Jesus, barking at what He doesn't like") - says a carbon tax offset by tax cuts elsewhere would not violate anti-tax pledges. In political circles, this is called giving people cover.

But why institute a carbon tax, if not to raise revenue? In brief: Because it would reduce harm in the future and compensate for harm in the past.

You don't have to take anything Al Gore says as gospel to recognize that today's climate-change skeptics resemble the anti-anti-communists of decades past, who displayed what Alexander Solzhenitsyn correctly described as "a desire not to know." American leftists infatuated with the fantasy of egalitarian utopia did not want to believe those on the right who exposed the savage reality of Communist totalitarianism. Climate-change skeptics today do not want to believe climate-change alarmists, who propose big-government solutions. So the doubters refuse to concede the problem.

But intellectually honest skeptics cannot ignore facts they do not like. Hence more and more former deniers are concluding as physicist Richard Muller has: "Three years ago I identified problems in previous climate studies that, in my mind, threw doubt on the very existence of global warming," he wrote in The New York Times this summer. "Last year, following an intensive research effort involving a dozen scientists, I concluded that global warming was real and that the prior estimates of the rate of warming were correct. I'm now going a step further: Humans are almost entirely the cause." Tellingly, climate-change conversions all seem to go in one direction. If evidence were mounting that global warming is fake, then some believers would become debunkers.

It is an ill wind that blows no man any good, and global warming will have salutary effects for some parts of the planet. For example, it could increase agricultural yields and lead to milder winters. But even those who say the overall harm from climate change is overstated concede it exists.

How much harm does climate change do? Estimates vary wildly. But even those who are ideologically indisposed to environmental alarmism consider a social cost of $25 per ton of carbon-dioxide emissions defensible. Economists call social costs not reflected in the price of goods negative externalities, and have different notions about how to address them. The Coase Theorem assigns property rights to everyone involved, which would seem like a daunting task on the global scale. The Pigovian approach taxes producers to make them internalize the costs.

Both approaches recognize inflicting harm on others without consent or compensation is wrong. Earlier this year, Reason's Ronald Bailey quoted law professor Jonathan Adler on that very point: "It is a well recognized principle of common law that if company A is flooding the land of person B, it is irrelevant whether company A generates lots of economic prosperity … A's action would still violate B's property rights, and B would be entitled to relief of some sort. By the same token, if the land of a farmer in Bangladesh is flooded, due in measurable and provable part to human-induced climate change, why would he be any less entitled to redress…? Property rights should not be sacrificed as part of some utilitarian calculus."

There is another free-market reason to support a carbon tax: It would level the energy playing field. Washington should not be lavishing taxpayer subsidies on either renewable or fossil fuels; it should let market forces dictate which energy sources prevail. But doing so requires that prices reflect actual costs. A carbon tax applied to energy producers, who then pass it on to consumers, would help ensure they do.

Opponents will raise any number of objections. For instance, China's CO2 emissions have begun to outpace U.S. emissions. True. But while aggregate U.S. emissions have returned to 1990 levels thanks to the natural-gas boom, most of the CO2 now in the atmosphere was emitted here, and Americans are still the largest emitters by far on a per-capita basis. Also, the optimal level of a carbon tax isn't perfectly clear. Taxing carbon with an income-tax offset won't compensate the pearl divers of the Tuamotu Islands for rising sea levels. And so on.

But none of those objections is fatal, and the bottom line remains the same: Americans are paying less than the full cost of their energy use, and foisting the difference onto the rest of the world. That's mighty convenient. It just isn't right.

Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

A. Barton Hinkle is Deputy Editor of the Editorial Pages at Richmond Times-Dispatch Comment by clicking here.


Previously:




11/15/12: Cue the hysterics. Reports of Democracy's Death Greatly Exaggerated
11/07/12: The $4,000 Trash Can: We need regulation, but not this much
10/23/12: The Ballad of Islamist Rage Boy
10/17/12: Undermining the values that enable people in poverty to escape it? Sadly, yes
10/11/12: How Much Is This Tax Cut Gonna Cost Me, Doc?
10/04/12: Warrantless spying skyrockets under Obama
08/20/12: The wrong side absolutely must not win
08/14/12: America was not built on dirt alone
08/02/12: Libs Discover Their Inner Cheney
07/30/12: Feds want to help you --- whether you want help or not
07/23/12: Barack Obama, Storyteller-in-Chief
07/23/12: Nation's worst outsourcer? You
07/19/12: Listen up, America: You need to knuckle under
07/12/12: Obama, Romney: As Different as Two Peas in a Pod
07/05/12: Are teenagers big children --- or little adults?
06/25/12: Minorities treated as mere numbers
06/21/12: Memo to the the Little Guy: Seemingly innocuous activity could bring the federal hammer down out of a clear blue sky
06/19/12: We mustn't let America be buffaloed
05/31/12: Drop and Give Uncle Sam 20
05/15/12: The feds would like to know if you enjoyed that video
05/03/12: Obama inspires: 'America --- Still Not as Bad Off as Venezuela!'
04/26/12: It's everyone's favorite time of year again
03/29/12: GOP disillusionment is a good thing
03/27/12: Just what America needs: more red tape
03/20/12: Nation wondering: what happening to language?
02/21/12: Culture warriors resort to propaganda
02/15/12: Step away from that cookie and grab some air
02/08/12: Lessons in heresy
02/01/12: Do We Really Need Pickle-Flavored Potato Chips?
01/11/12: Shut up, they explained
12/30/11: A Modest Proposal: Let's Ban All Sports!
12/26/11: A Christmas letter from the Obamas
02/24/11: Will the next Watson need us?
12/24/10: Here Are Some Good Gifts for People You Hate
06/15/10: The Presinator
05/26/10: More than equal
04/08/10: Angry Right Takes a Page From Angry Left but guess who is ‘ugly’?
02/16/10: Either Obama owes George W. Bush an apology, or he owes the rest of us a very good explanation for his about-face on wiretapping
02/03/10: Talkin' to us 'tards
01/27/10: I never thought I'd see the day when progressives would howl in ragebecause the Supreme Court said government should not ban books
01/07/10: Gun-Control Advocates Play Fast and Loose
12/31/09: Nearly everything progressives say about neoconservative interventionism abroad applies to their own preferred policies at home





© 2011, A. Barton Hinkle

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