tax

Carbon tax proven useless against global warming

Tuesday, December 18, 2012 by: J. D. Heyes
Tags: carbon tax, global warming, climate change

eTrust Pro Certified

Delicious Pin It
(NaturalNews) For years, global warming advocates have argued that implementing some sort of carbon tax would substantially reduce the amount of carbon dioxide emitted into the atmosphere by the heavily industrialized United States.

The idea, they say, is that a carbon tax would ultimately lead to fewer harmful, climate-changing emissions because of the higher cost associated with creating them in the first place. The tax would provide an additional incentive to conserve energy.

But climate researcher Paul Knappenberger, in a paper published in November, said even if the U.S. parked every plane, train and automobile, and shuttered every factory, the impact on global carbon emissions would amount to little or nothing - making the imposition of a carbon tax useless.

Effects on global climate change 'negligible'

"Using assumptions based on the Intergovernmental Panel on Climate Change (IPCC) Assessment Reports, if the U.S. as a whole stopped emitting all carbon dioxide (CO2) emissions immediately, the ultimate impact on projected global temperature rise would be a reduction, or a 'savings,' of approximately 0.08C by the year 2050 and 0.17C by the year 2100 - amounts that are, for all intents and purposes, negligible," he concluded in his report for the Science and Public Policy Institute.

"The impact of a complete and immediate cessation of all CO2 emissions from the U.S. on projections of future sea level rise would be similarly small - a reduction of the projected sea level rise of only 0.6 cm by 2050 and 1.8 cm (less than one inch) by the year 2100," the report continued, adding that any reductions in U.S. emissions are now - and would continue to be - subsumed by emissions from other developing countries (China and India come immediately to mind).

So why are some U.S. politicians and the Obama administration still pushing for it? Answer: Because they have spent our nation into oblivion and the carbon tax is nothing more than the latest revenue scheme.

"Massive increases in federal spending over the past 10 years have created a $16 trillion deficit. Now policymakers in Washington are looking for 'new revenue' to reduce the deficit," writes Thomas Pyle, president of the Institute for Energy Research, in U.S. News & World Report. "One idea that crops up from time to time is some form of a tax on energy. In the past it was a BTU tax, cap-and-trade, and now a 'carbon tax.'"

"To put it mildly, a carbon tax is a terrible idea," he says.

The reason why, he says, is because a carbon tax is a levy placed on every use of oil, coal and natural gas - the three primary elements we use to power our economy. "More than 82 percent of total U.S. energy consumption comes from these sources," Pyle writes, "and more than 92 percent of our transportation fuel comes from petroleum." Like most taxes, a carbon tax would be punitive and hit working poor and middle class families the hardest.

Another argument is that a carbon tax would make our tax code much more efficient. These proponents say the income tax system is too inefficient because not everyone even pays income taxes, so exchanging part of the income tax with a carbon tax would close that gap.

Pyle calls that argument "ignorant of the real world economics of a carbon tax."

Read my lips: No new carbon taxes

"The best literature on the carbon tax argues that a revenue-neutral carbon tax swap actually makes the tax code more inefficient and would hinder economic growth. In the end, a carbon tax has a smaller base than an income tax and is therefore more distortionary," he writes.

Still, other advocates of a carbon tax say it would not impose a big burden on the economy because it would begin low and remain low. But that's the same argument used by advocates of an income tax in 1913. When it was first implemented, the top tax rate was seven percent; today it is nearly 40 percent and a number of lawmakers, as well as the president, would love to take it higher.

No matter what your position is on the issue of global warming, it seems clear that a carbon tax won't do anything to reduce emissions, but will instead impose more costs on the nation's already embattled energy sector, as well as those in our society who are least able to absorb them.

Sources:

http://www.usnews.com

http://scienceandpublicpolicy.org

http://www.cato.org

Get breaking news alerts on GMOs, fluoride, superfoods, natural cures and more...
Join over four million monthly readers. Email privacy 100% protected. Unsubscribe at any time.


Have comments on this article? Post them here:

comments powered by Disqus

Take Action: Support NaturalNews.com

Email this article to a friend

Permalink to this article:

Reprinting this article: Non-commercial use OK, cite NaturalNews.com with clickable link.

Embed article link: (copy HTML code below):
Most Popular
Today | Week | Month | Year

See all Top Headlines...



GET SHOW DETAILS
+ a FREE GIFT

Now Available at ShopNaturalNews.com

O3 Essentials OraJuvenate™
A powerful, cleansing dental cream for maximum oral/dental health.
New Cancer Solutions
Over 3 hours of content covering today’s best cancer tests, how to kill cancer cells and the best diets and exercise routines.
Freeze-Dried 100% Organic Whole Corn
Our freeze-drying method preserves taste, texture and nutrients better than any other food preservation method ever invented.
Fenix TK35 Flashlight
Tough, waterproof, extremely bright and it’s touted to throw an 800+ lumen beam more than 1,000 feet into the night.
Inca Treasure Smoothie Pack
This pack of our four most popular superfoods from South America is the perfect combo pack for smoothie lovers.
Pink Himalayan Salt
This salt delivers significant levels of magnesium, zinc and selenium, with trace levels of dozens of other elements.
Pinhole Glasses - Aviator Style
Pinhole glasses are becoming famous for helping people improve their vision without the risks of laser surgery.
Oxy-Rich Facial Serum
O3 Essentials Jojoba Oxy-Rich Facial Serum is cellular nourishment for your skin. Helps smooth fine lines while enhancing tissue elasticity.
Freeze-Dried 100% Blackberry Halves
Our freeze-dried blackberry halves are grown in Serbia under strict organic standards.

Also on NaturalNews:

Health Ranger Videos
Activist music
CounterThink Cartoons
Food documentaries
FREE Special Reports
Podcasts
Colloidal Silver

Advertise with NaturalNews...

Support NaturalNews Sponsors:

Advertise with NaturalNews...

Most Popular Stories

Flu shot kills 19-year-old, but vaccine industry still has total immunity against lawsuits
Here's a nutty fact: Eating more tree nuts lowers the risk of all-cause death by up to 20 percent
Six important facts you're not being told about lost Malaysia Airlines Flight 370
Malaysia Airlines Flight 370 now clearly a government cover-up: All evidence contradicts official story
10 other companies that use the same Subway yoga mat chemical in their buns
BLM fracking racket exposed! Armed siege and cattle theft from Bundy ranch really about fracking leases
High-dose vitamin C injections shown to annihilate cancer
U.S. treating meat with ammonia, bleach and antibiotics to kill the '24-hour sickness'
USDA to allow U.S. to be overrun with contaminated chicken from China
Vaccine fraud exposed: Measles and mumps making a huge comeback because vaccines are designed to fail, say Merck virologists
Battle for humanity nearly lost: global food supply deliberately engineered to end life, not nourish it
Diet soda, aspartame linked to premature deaths in women

25 Amazing Facts About Food

This FREE downloadable report unveils a collection of astonishing and little-known facts about the food we eat very day. Click here to read it now...

 

Resveratrol and its Effects on Human Health and Longevity - Myth or Miracle.

Unlock the secrets of cellular health with the "miracle" nutrient Resveratrol Click here to read it now...

 

Nutrition Can Save America

FREE online report shows how we can save America through a nutrition health care revolution. "Eating healthy is patriotic!" Click here to read it now...

The Healing Power of Sunlight and Vitamin D

In this exclusive interview, Dr. Michael Holick reveals fascinating facts on how vitamin D is created and used in the human body to ward off chronic diseases like cancer, osteoporosis, mental disorders and more. Click here to read it now...

Vaccines: Get the Full Story

The International Medical Council on Vaccination has released, exclusively through NaturalNews.com, a groundbreaking document containing the signatures of physicians, brain surgeons and professors, all of which have signed on to a document stating that vaccines pose a significant risk of harm to the health of children. Click here to read it now...

Health Ranger Storable Organics

GMO-free, chemical-free foods and superfoods for long-term storage and preparedness. See selection at www.StorableOrganics.com



Recommended Resources On:

Natural News trends
Health Ranger news
Natural News GMOs
Mike Adams tracker
Natural News photos
Natural News Global
Natural News in focus
Natural News connect
Natural News shocking stories
Natural News radar
GMOs
Quackwatch
Vaccines
Health freedom
Dr. Paul Offit

This site is part of the Natural News Network © 2014 All Rights Reserved. Privacy | Terms All content posted on this site is commentary or opinion and is protected under Free Speech. Truth Publishing International, LTD. is not responsible for content written by contributing authors. The information on this site is provided for educational and entertainment purposes only. It is not intended as a substitute for professional advice of any kind. Truth Publishing assumes no responsibility for the use or misuse of this material. Your use of this website indicates your agreement to these terms and those published here. All trademarks, registered trademarks and servicemarks mentioned on this site are the property of their respective owners.

eTrust Pro Certified Android app on Google Play

Sign up for the FREE Natural News Email Newsletter

Receive breaking news on GMOs, vaccines, fluoride, radiation protection, natural cures, food safety alerts and interviews with the world's top experts on natural health and more.

Join over 7 million monthly readers of NaturalNews.com, the internet's No. 1 natural health news site. (Source: Alexa.com)

Your email address *

Please enter the code you see above*

No Thanks

Already have it and love it!

Natural News supports and helps fund these organizations:

* Required. Once you click submit, we will send you an email asking you to confirm your free registration. Your privacy is assured and your information is kept confidential. You may unsubscribe at anytime.