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I'm sure all the global warming crowd will be overjoyed if these taxes become reality.
This is our government looking out for our well being, happiness and prosperity, can't let Americans who work for a living keep too much of their money and god forbid! spend it on themselves......
Right?????
Quote:
A green tax code for American businesses and individual taxpayers appears to be in the works by the US Treasury. The $1.5 million study is being carried out under the auspices of the National Academy of Science.
A major tax study currently being sponsored by the U.S. Treasury will give environmental activists a powerful new weapon in their campaign to alter the entire American economic and social landscape in the name of halting “climate change”—including the possible levying of new carbon taxes…
They certainly try to pass on costs but frequently the market is so competitive they lack pricing leverage and are unable to pass costs on. Instead, they are forced to do combo of squeezing suppliers, increasing efficiency, or branching out into additional markets in order to gain greater economies of scale.
This is econ 101 and most of the time, at least in competitive markets, companies really do lack pricing leverage.
So far carbon taxes in my non-US jurisdiction really have turned out to be revenue neutral. So they levied the carbon tax, but simultaneously made tax cuts in other areas so that the government wasn't taxing the populace anymore. It's worked pretty well, I've been surprised with how fast society has responded and how Green this province is becoming. I particularly support as a person with a low carbon footprint because it means I don't have to pay as much tax. So for me, it's been a tax cut, and for those for whom it was a tax hike it was one that encourages, but does not force, a change to a greener lifestyle. I think this is good, because it was otherwise unfair with them being able to pollute as much as they wanted at artificially low prices while we all had to pay the price even if we hardly polluted at all.
They certainly try to pass on costs but frequently the market is so competitive they lack pricing leverage and are unable to pass costs on. Instead, they are forced to do combo of squeezing suppliers, increasing efficiency, or branching out into additional markets in order to gain greater economies of scale.
This is econ 101 and most of the time, at least in competitive markets, companies really do lack pricing leverage.
Another person who seems to have missed the following:
So far carbon taxes in my non-US jurisdiction really have turned out to be revenue neutral. So they levied the carbon tax, but simultaneously made tax cuts in other areas so that the government wasn't taxing the populace anymore. It's worked pretty well, I've been surprised with how fast society has responded and how Green this province is becoming. I particularly support as a person with a low carbon footprint because it means I don't have to pay as much tax. So for me, it's been a tax cut, and for those for whom it was a tax hike it was one that encourages, but does not force, a change to a greener lifestyle. I think this is good, because it was otherwise unfair with them being able to pollute as much as they want at artificially low prices while we all had to pay the price even if we hardly polluted at all.
By golly you are so right, I'll bet Al Gore and Michael Moore will get hit really hard....
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