David Michael

Ben Stein Favors Carbon Tax - To Support Big Oil

Mr Banks, you must be joking.

It is shocking that there is anyone willing to argue for a carbon tax. If the goal is to reduce emissions, there is no simpler or more effective concept than CAPPING the emissions. That's why cap-and-trade wins. Because the total amount of emissions is capped. Game over.

The trade part is just an added bonus that allows for those who need to reduce their emissions to choose the most economical method of doing so. Those who need to reduce emissions can choose to do so via new equipment, less output, or by purchasing the credits.