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Parkbandit
11-05-2007, 11:20 AM
New York mayor backs national pollution tax
By David Postman

Seattle Times chief political reporter

New York Mayor Michael Bloomberg on Friday called for a national pollution tax that he said would be the best way to reduce greenhouse-gas emissions and fight global warming.

Speaking in Seattle, he said the biggest obstacles to the plan, or to doing anything to slow climate change, are the intransigence and partisanship of Washington, D.C.

"There is no substitute for federal leadership," Bloomberg said in a speech to the U.S. Conference of Mayors climate summit. "Leadership is about facing facts, making hard decisions and having the independence and courage to do the right thing, even when it's not easy or popular."

He told reporters later that his criticism is aimed at both Democrats and Republicans, the Bush administration and Congress.

Bloomberg has been talked about as a potential independent candidate for president. He didn't address that directly Friday but said there are already plenty of candidates in the race, and they all need to be pressed to give detailed environmental plans.

Bloomberg's plan would put a price on pollution. (He mentioned $15 for every ton of greenhouse-gas emissions a company releases.) Linked to that tax increase, though, would be a cut in the federal payroll tax.

"Employment is good, pollution is bad," he said. "Why shouldn't we lower the cost of the good and raise the cost of the bad?"

Bloomberg's plan is an alternative to the so-called cap-and-trade system to control pollution. Cap-and-trade sets limits on emissions that get tighter over time.

Companies either have to stay below the limits or buy credits representing someone else's pollution reductions. Bloomberg said that plan is more complicated than his and is open to abuses and manipulation through congressional exemptions.

The Sightline Institute, formerly Northwest Environment Watch, says Bloomberg is telling only part of the story about cap-and-trade.

In another version of the plan, the federal government would auction off credits, said senior analyst Eric de Place. That would put a firm limit on pollution — unlike Bloomberg's carbon tax — and raise money for other environmental programs, de Place said.

Still, the green-leaning Sightline said parts of the New York mayor's speech were brilliant, such as when he said green energy is the "oil gusher of the 21st century."

http://seattletimes.nwsource.com/html/localnews/2003991342_bloomberg03m.html


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WE CAN SAVE THE WORLD WITH A NEW TAX!

Keller
11-05-2007, 11:33 AM
WE CAN SAVE THE WORLD WITH A NEW TAX!

In its purest form a tax, in its current colloquial meaning, is supposed to correct for the unrecognized costs/benefits resulting from any activity under the sun.

If there is one single activity which is severely under-taxed in our world it is pollution. Noise pollution. Light pollution. Air pollution. Sea pollution.

For many of these things, the best we currently do is regulate the activity and "tax" people who violate the regulations with fines. This is a highly imperfect and sorely inefficient method of accounting for the otherwise uncompensated cost/burden on society that results from the activities.

I am 100% behind any dialogue, federal or otherwise, that intends to find a more efficient and fair solution.