Tuesday, September 19, 2006

A Democrat discovers supply side economics

Reuters reports:
Former U.S. Vice President Al Gore on Monday suggested taxing carbon dioxide emissions instead of employees' pay in a bid to stem global warming.

"Penalizing pollution instead of penalizing employment will work to reduce that pollution," Gore said in a speech at New York University School of Law. ....

"Instead of discouraging businesses from hiring more employees it would discourage business from producing more pollution," Gore said.
This is the opposite of the usual Democratric claim, loudly advocated when tax reduction legislation is before Congress, that taxes would cause no one to change behavior.

The thought of taxing pollution instead of employment is interesting, worthy of consideration if a concrete plan is developed.

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