November 7, 2012

“Obama May Levy Carbon Tax to Cut the U.S. Deficit, HSBC Says”

Smile, bemusedly:

Barack Obama may consider introducing a tax on carbon emissions to help cut the U.S. budget deficit after winning a second term as president, according to HSBC Holdings Plc.

A carbon tax starting at $20 a ton of carbon dioxide equivalent and rising at about 6 percent a year could raise $154 billion by 2021, Nick Robins, an analyst at the bank in London, said today in an e-mailed research note, citing Congressional Research Service estimates.

“Applied to the Congressional Budget Office’s 2012 baseline, this would halve the fiscal deficit by 2022,” Robins said.

Of course it will. And because it won’t have any affect on growth or jobs or production or investment, we can simply factor out any changes to the math that might otherwise give lie to those rosy calculations.

In Ameritopia, things work because we wish them to.

That’s what happens when you free yourselves from the constraints of things as they are and embrace the antifoundationalism that allows things to be what you say they are.

Why, it’s liberating!

 

Posted by Jeff G. @ 9:13am
10 comments | Trackback

Comments (10)

  1. And because it won’t have any affect on growth or jobs or production or investment, we can simply factor out any changes to the math that might otherwise give lie to those rosy calculations.

    oh, that’s easily solved. jobs bill!

  2. Just print the money and pay it off. Let’s get this over with.

  3. I know what we can do. Any company that moves offshore, but tries to sell its goods here in the U.S. afterwards, will have its goods taxed at 100%.

    That will keep the jobs here. You betcha.

  4. I could be wrong, but I thought it was Congress that levied taxes.

  5. Nope. Chief Justice.

  6. Well the Chief Justice is just the messenger. The actual source of it all is “history(TM)” as it follows the inevitable dialectic grind towards Utopia.

    Forward!

  7. “cranky-d says November 7, 2012 at 9:36 am
    I know what we can do. Any company that moves offshore, but tries to sell its goods here in the U.S. afterwards, will have its goods taxed at 100%.
    That will keep the jobs here. You betcha.”

    Well, it certainly worked for the pot and cocaine industries.

  8. Guess I’m going to have to give up farting. Too expensive.

  9. That will keep the jobs here. You betcha.

    It’s a no-brainer!

  10. Guess I’m going to have to give up farting.

    If they outlaw farting, only outlaws will be able to do the ol’ “pull my finger” gag — is that the America we want to leave to our children? No, I say!

    They’ll have to take my flatulence from my cold, dead sphincter.

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