Pollution taxes work

The Environmental Defense Fund’s Fred Krupp threw down the gauntlet to carbon taxers in the Wall Street Journal last month:

Environmental taxes have worked well to raise revenue, but without a cap they inevitably become a license to pollute in unlimited amounts. No air pollution problem has ever been solved except by imposing a legal limit on emissions. (emphasis added)

This is a little like the Pope complaining that sex isn’t ... Full Story »

Posted by Dwight Rousu
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Subjects: World, U.S., Business, Sci/Tech
Topics: Pollution, Taxes
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Posted by: Posted by Dwight Rousu - May 1, 2009 - 11:25 AM PDT
Content Type: Article
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Edited by: Dwight Rousu - May 1, 2009 - 11:25 AM PDT

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Dwight Rousu
4.5
by Dwight Rousu - May. 1, 2009

Komanoff provides a brief piece with clarity on the subject of using the simple mechanism of taxes upon pollution instead of a complex trading system. It skewers the prevailing political position quite well.

Augment the invisible hand.

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