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