Dissent Of The Day

by Patrick Appel

“They might be a bargain in the long run compared to the havoc global warming will wreak, but both plans constitute a massive new tax.”
You call it a massive new tax; I think of it more as ending a massive subsidy. What else would you call profiting at the expense of the well-being of future generations? And isn’t moving an externality’s cost into the market the right conservative solution?