At yesterday’s Deals & Deal Makers Conference in New York, Glenn Hubbard, the Columbia Business School Dean and former Bush administration economic adviser, argued in favor of a carbon tax.
http://blogs.wsj.com/energy/2007/06/28/hubbard-argues-for-a-carbon-tax/
Hubbard supports either a carbon tax or a carbon cap and trade system in which the carbon credits are auctioned off. He does not support a cap and trade system in which the credits are given away, because then the government isn't getting any funds from the process.
Hubbard basically feels that the government can redistribute funds from a carbon tax to reduce other taxes and have no net tax increase.
This is no liberal. This is a former Bush economic advisor who was instrumental in Bush's 2003 tax cuts
http://en.wikipedia.org/wiki/Glenn_Hubbard_(economics)
What do you think about this conservative economist pushing for a carbon tax?
2007-12-27 04:06:25 · 9 answers · asked by Dana1981 7 in Environment ➔ Global Warming
Think when I heard him on NPR he mentioned a carbon tax is a good idea if it is offset by a tax reduction in some other area. A "no net gain" in taxes kind of thing. The economics of it makes sense - find a way to use less fuel (electricity included if made from fossil fuel), and pay less taxes - a good incentive. He also mentioned that the taxes should be used for developing alternative fuels and such.
This would help spur innovation to reduce global warming (think that is the point of the carbon tax), but unfortunately more needs to happen.
2007-12-27 05:07:48 · answer #1 · answered by bubba 6 · 1⤊ 2⤋
Check the SEC filings, Glenn Hubbard is heavily invested in Generation Investment Management.
2007-12-27 04:35:23 · answer #2 · answered by AWOL liberal 4 · 7⤊ 1⤋
"former Bush financial consultant"? Are you attempting to work out how a procedures you are able to stretch it to objective to link it to Bush? feels like the common dem or media. what's inaccurate with an financial consultant suggesting a tax? it extremely is many times what they do.
2016-10-20 01:33:17 · answer #3 · answered by Anonymous · 0⤊ 0⤋
He wants a piece of the pie that your savior Al Gore is hogging to himself...
Gore=carbon credits
Hubbard=carbon tax
2007-12-27 06:30:10 · answer #4 · answered by Anonymous · 2⤊ 1⤋
What is not liberal about this? Just because he woked for Bush doesn't mean he can't propose liberal nonsense. Obviously he isn't a scientist and is proposing a solution to a problem he doesn't have the first clue about.
2007-12-27 05:37:55 · answer #5 · answered by JimZ 7 · 3⤊ 1⤋
Dana - Carbon Taxing is not the answer.
2007-12-27 05:24:34 · answer #6 · answered by Mikira 5 · 2⤊ 1⤋
Big business prefers a national scheme. It reduces their compliance costs.
2007-12-27 05:29:27 · answer #7 · answered by donaldcarli 1 · 0⤊ 1⤋
Hes probably figured a way to make a lot of money off of the scam like OwlGore.
2007-12-27 04:39:06 · answer #8 · answered by Whats Up Doc 7 · 4⤊ 3⤋
I agree with Jimz, he is not a conservative anymore, he has become a liberal.
2007-12-27 06:04:06 · answer #9 · answered by Tomcat 5 · 2⤊ 2⤋