Fallout from Declaring CO2 a Pollutant | / | Editorial
Support for higher exhalation taxes and/or more stringent cap-and-trade limitations is indicated by the reported brisk sale of bumper stickers urging "polluters" to stop exhaling altogether. The stickers say, "Stop Exhaling, You God-Damned Polluting Bastards." It is unclear whether the drivers of the vehicles which carry the stickers count themselves as polluters too.Bring it on: CO2-fearing Tom Friedman fantasizes about a completely ridiculous Obama speech
In contrast to the extremist position expressed in such bumper stickers, key Obama Administration officials and Congressional leaders are reportedly prepared to guarantee that "no American will ever be allowed to be in a position in which he cannot afford to pay for all of his reasonably necessary exhalations." The Federal Government, they say, will provide whatever financial subsidies as may be necessary to assure everyone's right to exhale on terms that he can afford.
“My proposal is that today we fix a durable price on carbon-based fossil fuels, but set it to begin only in 2011, after we’re out of this recession. Every home builder, air-conditioning manufacturer, gasoline refiner, carmaker will know that it’s coming and will, I believe, immediately look for ways to profit from and invest in more energy efficient systems. Yes, the cost of gasoline or kilowatt hours will rise in the short term. But in the long term, your actual bills and expenses will go down because your car, appliances and factory will become steadily more productive and give you more power for less energy.
“I call it the ‘Carbon Tax Cut.’ You won’t receive the dividend in the first week or month, but you will get it soon, and it will be a permanent tax cut, a gift that will keep on giving.
“So those are our choices, folks — an escalating ‘More Tax’ forever, premised on immediate gratification and short-term thinking, or a ‘Carbon Tax Cut’ forever, which is exactly what you’ll get from establishing a carbon price signal that shapes the market in favor of American interests and not those of our adversaries and competitors. If you’re with me, write your member of Congress and senator today.”
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