Most legislation especially the liberal bills tend to have really awful unintended consequences. That’s because their primary purpose is to change human behavior. Except humans aren’t always predictable. That’s what happens with Carbon Taxes. Instead of forcing the use of carbon-based fuels to diminish, economists say carbon taxes cause an increase the CO2 in the atmosphere.
As the hysteria over global warming heats up, carbon taxes have become the “cool” option. Environmentalists love them. So do politicians, who are more than happy to raise taxes while scoring political points.
Carbon taxes, or other analogous pricing schemes, are now prevalent in Western Europe, and are making headway in North America—California recently joined forces with the Canadian Provinces of Ontario and Quebec to create an integrated cap-and-trade carbon market.
Also, many well-known economists support carbon taxes. A relatively new report, written by thirteen leading economists under the direction of professors Nicholas SternThis post was originally published on this site