Monday, September 22, 2008

Carbon Tax

I am for a carbon tax.

I just completed Tom Friedman's "Hot, Flat, and Crowded" and I am convinced that (1) society has to pay for the externalities (an economic term related to costs effected by, but not calculated into, a transaction or activity) due to carbon emissions, (2) that a predictable market for alternative energy development is necessary for high investment therein, (3) that countries that move ahead rapidly with the development of cleaner energy will be at an advantage in the future, and (4) that the US is behind many other industrialized nations in this race.