NY Times Editorial
6
jul/071
jul/071
NYTimes has joins Pigou Club with some wise words:
“Energy is currently underpriced in part because its cost does not
reflect the damage inflicted by fossil fuels. Underpricing leads to
overconsumption. Worse, it leads to underinvestment in alternatives. As
long as today’s energy is relatively cheap, there is little incentive
for private firms to develop new fuels and technologies.”
.. but also a reality check: “new taxes remain a political nonstarter, at least for now.”
Comments (1)
Trackbacks (0) ( subscribe to comments on this post )
Sorry, the comment form is closed at this time.
No trackbacks yet.
3:22 dopoldne on februar 12th, 2008
Phase out the income tax as you phase in the Pollution Added Tax.
Just make a 5% adjustment in both for the next 20 years and industry will have time to adjust and keep ahead of the curve.
And best of all you can respond to the “high tax” question by pointing to an income tax of zero.
-HJC