"Promises of revenue neutrality don’t survive contact with the real world.
Hey America,
It’s Canada, your friendly neighbor to the north.
You might remember us — there’s a big white wall between our properties.
Anyway, we couldn’t help but notice you seem to be having a bit of bother over carbon taxes these days.
At the risk of intruding, we thought we might offer a few neighborly observations.
You see, we’ve had the same issue in our house for a few years now.
On your side of the fence, the Climate Leadership Council’s plan — recently backed by 27 Nobel Prize–winning economists and other economic luminaries — calls for a nationwide tax starting at $40 a ton on carbon dioxide emissions, on efficiency grounds. (All figures in U.S. dollars.)
It vows that “the majority of American families . . . will benefit financially by receiving more in ‘carbon dividends’ than they pay in increased energy prices.”
A tax that pays you sure sounds appealing!
But a word of caution:
If it sounds too good to be true, it probably is.
Up here in Canada, we’ve been burned by the same promise..."
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