Quark Soup by David Appell: A Carbon Tax for Coal Workers
What if you spent $46 billion before privately realizing that your original idea was idiotic, and that the government actually has no idea how to efficiently create "green" jobs that will reliably provide measurable reductions in CO2-induced bad weather? Would you provide full refunds (plus accrued interest) to the people who provided the $46 billion?
A carbon tax of just $3 per metric ton of carbon -- 1/8th of Australia's carbon tax -- would raise $4.6 billion per year at the 2010 emissions rate. (That averages to $15 per American per year.) Surely politicians couldn't keep their hands off all of that, but a healthy portion could go to support and retrain workers through West Virginia, Kentucky, and places like the Power River Basin in Wyoming, and start clean industries from which they can earn a living.David: Specifically what "clean industries" would be started with the $4.6 billion in the first year? Who would decide exactly how this cash would be distributed? If any jobs were created after the billions of dollars were gone, how would we ensure that only former coal workers got those jobs? What if a few jobs were created (solar panel snow remover, say), but the former coal workers didn't want to do that work, or the commute was too long, or the vacation policy too restrictive, or it turns out they found a better job somewhere else in the free market, or they retired or got married and moved four states away from where you spent billions of dollars creating a handful of jobs that you thought they might want?
What if you spent $46 billion before privately realizing that your original idea was idiotic, and that the government actually has no idea how to efficiently create "green" jobs that will reliably provide measurable reductions in CO2-induced bad weather? Would you provide full refunds (plus accrued interest) to the people who provided the $46 billion?
2 comments:
You're right -- it's better to just let all those workers suffer in poverty as the world turns to cleaner technologies. Why didn't I think of that?
David Appell is from the federal government and he is here to help.
PS David: government does not create jobs, wealth or industry. It only transfers wealth. And inefficiently at that.
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