Well, let’s see what Larry Summers is up to…
The case for carbon taxes has long been compelling. With the recent steep fall in oil prices and associated declines in other energy prices, it has become overwhelming. There is room for debate about the size of the tax and about how the proceeds should be deployed. But there should be no doubt that, given the current zero tax rate on carbon, increased taxation would be desirable.
…Hmm, let me think about that for a secon Oh, Hell no. Thanks for your time, Larry. You can go back in the box, now.
Via Hot Air.
Moe Lane
Hm. Let’s see here…”Harvard University” and “economic adviser to President Obama.”
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Sorry, Mr. Summers. You’re just not qualified to have an educated opinion on this topic. Thank you for your submission.
Well, you can’t have working class folks catching an actual break, now, can you? They’re the people who carry the load (at least the part that isn’t being deferred to the children and grand children and great grand children of the current working class), and any lightening of their burdens in one way must be offset with additional burdens some other way, all of which means more money for the political class to throw down rat holes to make the rats infesting D.C.happy.
I’d sooner take advice from Buffy Summers on the economy and taxes than I would Larry Summers.