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US Carbon Tax Would Halve Deficit, Save Lives

From an unquestioning Reuters:

U.S. carbon tax could halve deficit in 10 years: report

by Valerie Volcovici, Rory Carroll | Wednesday Sept 26, 2012

WAHSINGTON, Sept 26 (Reuters Point Carbon) – Imposing a $20 per metric ton carbon tax in the U.S. could reduce the country’s budget deficit by 50 percent over the next 10 years, a report by the Congressional Research Service said on Tuesday.

Such a tax would generate approximately $88 billion in 2012, rising to $144 billion by 2020, the report said, slashing U.S. debt by between 12 and 50 percent within a decade, depending on how high the deficit climbs…

And never mind that putting such a huge new tax on businesses and, ultimately, consumers would not slow down the economy at all. Which, in turn, would reduce taxes from other sources.

The concept of using a carbon tax to combat the problem has been floated in Congress this year, but it comes with many potential downsides, the report added. For example, households would face higher energy bills because utilities forced to pay the tax would likely pass the costs onto consumers.

"Lower-income households, in particular, would face a disproportionate impact if revenues were not recycled back to them in some fashion," the report said…

You see, only the poor will suffer. Even though they are sure to be subsidized.

And unlike a cap-and-trade system, where the government would set a hard limit on the amount of CO2 that could be released into the atmosphere, a carbon tax could not ensure a specific environmental outcome, the study said

Notice that the impact of such a tax on the economy does not even seem to have crossed the minds of the CRS or Reuters.

The likelihood of Congress passing such a measure would be limited, given the opposition of many Republican lawmakers to any type of tax increase

Because Republicans are so pig headed they won’t even increase taxes when it would cut the deficit in half. And save lives…

Because we are also told this by Reuters:

100 million will die by 2030 if world fails to act on climate: report

By Nina Chestney | Tuesday Sept 25, 2012

(Reuters) LONDON – More than 100 million people will die and global economic growth will be cut by 3.2 percent of gross domestic product (GDP) by 2030 if the world fails to tackle climate change, a report commissioned by 20 governments said on Wednesday.

Again, remember there was no mention of the GDP in the earlier report about a new carbon tax.

As global average temperatures rise due to greenhouse gas emissions, the effects on the planet, such as melting ice caps, extreme weather, drought and rising sea levels, will threaten populations and livelihoods, said the report conducted by humanitarian organization DARA.

It calculated that five million deaths occur each year from air pollution, hunger and disease as a result of climate change and carbon-intensive economies, and that toll would likely rise to six million a year by 2030 if current patterns of fossil fuel use continue.

If all of these disasters are going to happen in a mere 18 years, it sounds like it’s already too late to do anything about it.

More than 90 percent of those deaths will occur in developing countries, said the report that calculated the human and economic impact of climate change on 184 countries in 2010 and 2030. It was commissioned by the Climate Vulnerable Forum, a partnership of 20 developing countries threatened by climate change.

Which sounds a little like a threat to us. That is, millions of people in developed countries are going to die if we don’t raise taxes and give the money to the ‘undeveloped countries.’

"A combined climate-carbon crisis is estimated to claim 100 million lives between now and the end of the next decade," the report said.

It said the effects of climate change had lowered global output by 1.6 percent of world GDP, or by about $1.2 trillion a year, and losses could double to 3.2 percent of global GDP by 2030 if global temperatures are allowed to rise, surpassing 10 percent before 2100…

Has anyone estimated how many have died from climate change already? And how much the GDP has been lowered so far?

And if not, why not?

This article was posted by Steve Gilbert on Wednesday, September 26th, 2012. Comments are currently closed.

6 Responses to “US Carbon Tax Would Halve Deficit, Save Lives”

  1. Curiosity

    I think I first saw this here: Things Caused By Global Warming

    Which admittedly doesn’t necessarily answer the “How many?” question.

  2. ilzito guacamolito

    Remember 1988 when Ted Danson predicted that we would be dead in 10 years, because the oceans would be dead in 10 years? Remember the various predictions by Al Gore over the years about sea levels rising 20 feet over a century? I guess since those came true, I have no problem falling for believing any of this. Let the taxation begin!
    /

  3. Rusty Shackleford

    Oh…the drive to be a better human than anyone else.

    To do so one must realize that Gaia is a living, breathing being that needs to be petted and taken care of.

    Global warming may be a reality, but it’s not people that’s causing it.

    Because the media provides legitimacy for people who would otherwise be on the street corner with a plank over your front and back saying the world will end in X number of days. They walk among us.

    The greenies love socialism because it’s the “only way” to get people to stop killing beloved Gaia; By government edict. By strangling private industry. By returning us to the middle ages and using cow-sh*t to cook our food. Hey, maybe that’s why they like the Afghanis so much and other muslims because they don’t use any fossil fuels.

    Irony of ironies, the greenies drive their cars to the “save Gaia” rallies. They go to their (coal-powered) homes and turn up the heat when it gets cold inside or the AC when it’s too warm. Obama himself turns up the thermostat in the White house so you “can grow orchids in there”.

    Oh, holier-than-me world savers…I beseech you. Whenever I see you I will point out your hypocrisy, like the guy driving a Prius the other day who was smoking in his car. Doesn’t he realize the dangers to the atmosphere he is causing with his smoke? To say nothing of how he’s supporting “evil” tobacco companies.

    Or the lady at Wal-Mart with the “go green” t-shirt on who piled 20 plastic bags in her shopping cart and gave me the stink-eye when I asked her why she didn’t bring her re-usable cloth (made in China) shopping bag with her so that no ducks or fish would die because of her using plastic bags. I feigned shock and fear that our planet would die and she just laughed at me.

    At the end of the day, I don’t care. The environmental acts from the 60’s and 70’s met their goals but now are leftover top-heavy bureaucracies that have nothing left to do and are looking for legitimization through activism. By being made into government agencies, they can never meet a goal and then go away. They just grow bigger and more useless over time. And…cost ridiculous amounts of money. Our money. Money that could be used to buy more F-22’s or tanks or ships.

    The liberal agenda at work. They live in the freest nation in the world without knowing how and why that is.

  4. canary

    I guess the GDP Gross Domestic Product study is to further more worthless green jobs.

    The pursuit of these regulations are going to choke the life of every American who will feel like they are living in a dust bowl.

    And 600 Fed Gov librarians coming up with reports to choke the life of every American.

    How many millions of global warming phobics will die from heart failure to worrying the sky is falling.

  5. Astravogel

    It’s purely racist, this continued exploitation
    of black coal, and it must stop.

  6. wirenut

    Taxing everybody in this country of all their wealth, will still not pay for this insane spending. It must stop!
    Rusty, I busted a guy stealing electric power for his car, at a parking-lot. I guess if you plug-in on somebody else’s dime, Gaia still lives. I wanted to beat him with a car anntena, even if it was mine.


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