Carbon taxes are all about one thing – taxes

What to Know: A carbon tax would severely affect our children and grandchildren.

“A new, cutting edge working paper from some big-name economists—including Laurence Kotlikoff and Jeffrey Sachs—confirms my point,” writes Robert Murphy at the Institute for Energy Research. “In this case, here is the shocking fact that their paper tries to grapple with: Even with a relatively modest carbon tax, the rise in energy prices is so painful that it swamps the benefits of slower climate change, and this is true for our kids and grandkids.”

The TPPF Take: Carbon taxes are all about the taxes, not about the carbon.

“Carbon taxes won’t help the environment; they’ll only increase the cost of electricity and fuel—which means increasing the cost of everything we do,” says TPPF’s Jason Isaac. “Carbon taxes are about government control, and this new study only confirms what we’ve always known—that the lives of our children and grandchildren will be impoverished, not improved. Instead, let’s allow more free markets and more innovation, which are the real sources of environmental improvement.”

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