Carbon Tax

Nouriel Roubini claims it is high time for a Carbon Tax, but immediately sinks the idea of the tax by thinking to direct the revenues to correct problems, which were not of the making of Those who would be forced to pay the Tax. The Comments listed under his Post highlight the Problem. The Voters turned down the Republican economic policy far more than the war in Iraq, though it was a obvious element of disgust.

My Plan to direct the revenues from a Carbon Tax to a forced Savings Plan of the individual Consumers has a chance of passage, Taxpayers conscious of the need to reduce the use of Oil, and acknowledging that a Ten-year delay in accessible funds could allow them a Savings ratio, improve their Credit ratings, and provide actual reduction of unnecessary use of Carbon energy. The later can only come through a sharp bite in the Tax, the reason I advocate a Tax equal to the Cost of the Energy source. The only hazard I see to such a Program would be if Congress and Taxpayers allowed the Government to borrow such funds to balance a deficit Federal Budget. Economists and Congress need to understand they must fix poor Federal Tax policy, not corrupt Federal programs that can pay for themselves if left alone. lgl