Thread: Cap and Trade is Dead, Carbon Tax on Deck?

Pushing for an explicit carbon tax

With Cap and Trade Dead, is Carbon Tax on Deck?

By Institute for Energy Research
Tuesday, November 23, 2010

A recent article in E&E (Nathaniel Gronewold, “Can a carbon tax replace cap and trade?â€

That new strategy should abandon Wall Street’s preferred cap-and-trade method in favor of some type of carbon tax that returns money to households, movement leaders are now saying.

A strategy or scheme? Should this method move forward and the consumer pays a carbon tax upon use or purchase, the products owner, business collects the tax and gains interest while holding, then sends to the government with some of it to be redistributed back to the public, or some of them, in the meantime also inflation has taken 3%(?) if the tax is refunded a year later. The consumer is shorted no matter how this cookie crumbles.

and,

[quote]For one thing, government at all levels will likely continue to suffer recurring fiscal crises over the next several years. The Social Security system is already sending out more in benefits checks, than it is collecting from workers. If unemployment remains high, the Social Security system might never return to the black. Starved for revenue, and threatening major cuts in entitlements, the government might cast a carbon tax as a “win-winâ€