Step 2 Global Warming

November 11, 2008 17:56 by johnolimbo

Global warming: We need to stop covering our ears and ignoring scientists.  Yes, quite possible we’re in a period of global cooling until 2015 and maybe some indicators (certain satellites) have not supplied evidence for global warming…yet.  However the public not only has accepted global warming but most want the government to do something about it.  Going against academics/science is not going to help us make any inroads with moderates and educated conservatives who would rather vote for pragmatists like Obama than dinosaurs like say 2008 Palin (she still could see the light).  I agree with the Mankiw approach of applying Pigouvian taxes to carbon and other chemical/atomic/molecular offenders.  We can use the income from the global warming tax to apply more individual tax cuts and corporate tax cuts.  You want taxes that provide good incentives such as reduction of pollution, not negative incentives such as on hard work via income tax.  Now I believe an unintended consequence of this act will be an increase in green technology.  This technology might be applied to the rest of the private sector to make us more efficient.  And you never know how technology impacts other sectors – one man’s worthless piece of inventive junk might revolutionize another industry.  We need to educate people on why higher gas prices aren’t such a bad thing.  They pay a higher cost on gas but if we reduce corporate income tax they will receive some of the $3,200 dollars they pay a year in CIT (that they never see).  Idea #4 is going to be educate the public on economics.  Part of this plan involves #4.  Idea #3 is energy policy.  Idea #3 next.


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July 31. 2010 21:52