"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Carbon Taxes and the "Tax Interaction Effect"
"For years, many economists have advocated a tax on the emission of carbon dioxide and other greenhouse gases as a way to correct the negative externality of manmade climate change. More recently, even a growing number of conservative economists have embraced a carbon tax, not only as a way to correctly align market forces, but also as a way to offset other, more distortionary taxes. The slogan underlying such "carbon tax swap" proposals is that the government should "tax bads, not goods.""
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