Noahpinion subscriber Bill Janeway is a veteran of the venture capital industry, a former Vice Chairman and current Special Limited Partner of Warburg Pincus.
Is the point of the part about a carbon tax that we shouldn't let the perfect be the enemy of the good? Or are we really dismissing it outright because it's regressive? You can just create a dividend, or increase the EITC, or fund a permanent expansion or the CTC. Easy fix.
Doesn’t a carbon dividend have poor incentives for the ones who come out positive from it? It seems like they’d have an interest in keeping tax revenue high, though I don’t know how they’d do that.
Confronting climate change is by the fuzziest part of Biden's agenda. The most serious effort yet is automobile fuel-efficiency standards. My opinion is we first need as a society to honestly confront the science, and while the right is of course the main problem, the left is also dodging, resorting to vague populism about a "Green New Deal" and pandering to the fake-green solar lobby. We are a consumerist culture and we want to be told that there is some product we can buy that will reduce our carbon emissions. The reality is that above all else we need to stop or reverse population growth, improve energy efficiency, reduce waste and unnecessary packaging, and restore forests. We live in a world with powerful opposition to all of those things, and I have yet to see any movement in politics towards coming up with a serious plan.
And I think carbon tax is a very good idea, but has to be objective and total to all elements of production and transport, and done in such away that granting exceptions isn't politically possible.
The author misdiagnoses the great depression. We got in there because of monetary policy, we got out because of monetary policy, and all the New Deal did was generally make things worse. Wherever they might have a stimulatory policy, they’d undo it balancing the budget or getting all the manufacturers to collude on prices through the NRA. There’s nothing to celebrate in the New Deal save the REA (which was basically a loan program, mind you) and some of the infrastructure projects, and it’s absurd we might want to do it all over again.
Is the point of the part about a carbon tax that we shouldn't let the perfect be the enemy of the good? Or are we really dismissing it outright because it's regressive? You can just create a dividend, or increase the EITC, or fund a permanent expansion or the CTC. Easy fix.
Also, and more importantly, great bow tie.
Doesn’t a carbon dividend have poor incentives for the ones who come out positive from it? It seems like they’d have an interest in keeping tax revenue high, though I don’t know how they’d do that.
Great piece!
Confronting climate change is by the fuzziest part of Biden's agenda. The most serious effort yet is automobile fuel-efficiency standards. My opinion is we first need as a society to honestly confront the science, and while the right is of course the main problem, the left is also dodging, resorting to vague populism about a "Green New Deal" and pandering to the fake-green solar lobby. We are a consumerist culture and we want to be told that there is some product we can buy that will reduce our carbon emissions. The reality is that above all else we need to stop or reverse population growth, improve energy efficiency, reduce waste and unnecessary packaging, and restore forests. We live in a world with powerful opposition to all of those things, and I have yet to see any movement in politics towards coming up with a serious plan.
And I think carbon tax is a very good idea, but has to be objective and total to all elements of production and transport, and done in such away that granting exceptions isn't politically possible.
The author misdiagnoses the great depression. We got in there because of monetary policy, we got out because of monetary policy, and all the New Deal did was generally make things worse. Wherever they might have a stimulatory policy, they’d undo it balancing the budget or getting all the manufacturers to collude on prices through the NRA. There’s nothing to celebrate in the New Deal save the REA (which was basically a loan program, mind you) and some of the infrastructure projects, and it’s absurd we might want to do it all over again.