Carbon Dioxide Is Neither A Polutant Nor A “Bad” That Needs To Be Taxed– Gore Is A Fanatic — Videos
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“Time has come” for a carbon tax on the need for a national carbon tax
By Al Gore
“Taxes are always a regrettable necessity, but some are less regrettable than others. A tax that strengthens energy security and cuts pollution, while minimising the damage done to employment and investment, is one of the least regrettable of all.”
“Yet a carbon tax, which has all those characteristics, is struggling to find support from the US administration or in Congress. It deserves much wider enthusiasm.”
“One of the few uncontroversial conclusions of economics is that it is better to tax “bads” than “goods”. Wages and profits are desirable objectives, and governments have no good excuse for obstructing them. They are taxed largely for reasons of convenience, at the cost of disincentives to wage-earning and profitmaking that are a drag on the economy.”
“Energy consumption, on the other hand, is not an objective for anyone. Indeed, the negative externalities of energy use, including local pollution and greenhouse gas emissions, mean that, other things being equal, an economy that burns less fuel is better off.”
“That insight lies behind support from across the political spectrum for a tax linked to the carbon content of fossil fuels, generating revenue that could be recycled through cuts in other taxes. Four leading Democrats in Congress this month proposed such a tax, and asked for suggestions for how it could be implemented. On the Republican side, a carbon tax has been backed by several prominent figures, most notably Greg Mankiw of Harvard, a former economic adviser to George W. Bush and Mitt Romney.”
“Carbon taxes have their drawbacks, it is true, but their problems are mostly fixable. They are regressive, but that could be offset by changes to other taxes. They can create difficulties for energy-intensive sectors, but those could be eased with targeted reliefs.”
“The claim made this week by more than 85 Republican members of Congress that carbon taxes would “kill millions more jobs” has no evidence to support it.”
“While the adjustment to higher energy costs would have some negative impact, it would be offset by the benefits of cuts in other taxes. Curbing consumption would also improve energy security, making the economy less vulnerable to commodity price shocks. President Barack Obama on Friday set out an energy agenda including reduced oil imports, greater use of natural gas and increased energy efficiency. A carbon tax would help meet all of those goals.”
“The prospect that extra revenues will be needed to stabilise the public finances in the long term suggests that some taxes are likely to rise, and a carbon tax would be one of the least painful ways to do it. Shifting the tax burden off incomes and on to carbon would be a good idea at any time. Right now, the case is overwhelming.”
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Blizzards, 60mph gales and panic buying: 36 hours of snow chaos on the way
HEAVY snow is expected over the next 36 hours as Britain shivers on the coldest March weekend for 50 years.
Up to 16ins will fall over high ground with several inches likely across much of the UK, the Met Office said last night.
Over 1,000 schools were shut and transport was disrupted as any hopes of spring were dashed by yet another onslaught of snow and flooding today as temperatures fell as low as -12C (10F).
Emergency services saw an early surge in weather-related call-outs as some parts of the country were hit by blizzard conditions. Government agencies issued a string of warnings urging the public to take care on the roads.
The South-west, which will escape the worst of the winter blast, faces flooding with up to 100mm of rain – almost two months’ worth – over the next 24 hours as yesterday’s heavy rain continues.
In total The Environment Agency issued 12 flood warnings tonight across the country and 81 less serious flood alerts.
In east Cornwall emergency services were searching for a missing woman her partially property collapsed during heavy rainfall overnight.
It is believed the severe weather triggered a landslide, and while a dozen residents were evacuated Susan Norman has not been accounted for.
Cornwall Fire and Rescue Service said they believed the woman in her 60s is still in the building.
Further north, snow blanketed many parts with up to eight inches expected to hit the worst affected areas of north west England, north Wales and south west Scotland.
Higher areas could even see up to 16 inches, while bitterly cold gale-force winds create blizzard-like conditions and plunge temperatures down to well below freezing.
Over 1,500 homes in Cumbria had to cope without power and road closure was preveting access to some communites to carry out repair work.
Energy firm Electricity North West said they were considering using helicopters to transport engineers to conduct repairs around Cumbria.
Elsewhere, more than 28,000 homes and businesses in Northern Ireland were left freezing and without power today after snow, sleet and storm force winds hit the province.
Thousands of gritters were on standby last night as councils prepared for the “worst winter onslaught” of the year.