Judy Weiss' suggestion that a carbon tax would somehow reduce carbon emissions (“A carbon tax,” April 28) fails a basic logic test. In order to reduce carbon emissions, one must reduce consumption. That means using less, not producing less. Oil companies are not the consumer. They produce what is demanded by the consumer and then would pass the increased costs of the tax on to the consumer. But rebating the collected taxes to consumers would offset the energy increases and provides no incentive for the consumer to reduce consumption.
So who would lose? Probably not investors, because the oil companies would raise prices before they reduce their dividends to their shareholders. Ultimately it comes back to the consumer in the form of higher costs for everything they buy that uses or depends on oil.
All the scheme really does is give the illusion that the government is cracking down on those "evil" big oil companies. It does nothing for carbon emissions.
- In our opinion: Divided 8-judge Supreme Court...
- John Florez: A father's heartbreaking letter
- Robert J. Samuelson: The Olympic sinkhole
- In our opinion: Finding – not forcing...
- Drew Clark: Will 2016 be the breakout year...
- My view: The supergentrification of Sugar House
- Michael Gerson: The Dalai Lama's path to peace
- Frank Pignanelli & LaVarr Webb: The 'bathroom...
- In our opinion: Finding – not... 80
- Letter: Nothing is 'free' 50
- In our opinion: Divided 8-judge Supreme... 49
- Richard Davis: Who needs to go to the... 26
- Those intolerable TSA security lines 22
- Jay Evensen: Like it or not, politics... 20
- On Second Thought: A lighthearted look... 19
- Letter: Citizens have a duty 19