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Jerry Taylor Dec 4
The argument--as offered by and conservative anti-tax activists--- that the riots in Paris tell us all we need to know about what's in store for the U.S. if we were to adopt a carbon tax, is nuts. Some context <THREAD>
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Jerry Taylor Dec 4
Replying to @jerry_jtaylor
1/ Here's data regarding gasoline prices in France over the past year. This chart reports U.S. $ per liter. Multiply times 4 to get a sense of U.S. $ per gallon. Hence, at present, French gasoline pries are at about $6.92 per gallon.
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Jerry Taylor
2/ A carbon tax of $10/ton would increase gasoline prices by about 10 cents/gallon. Thus, to get U.S. fuel prices to the threshold that inflamed French citizens, we'd have to impose about a $400 carbon tax ... ten times what even and are proposing!
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Kyle Pomerleau Dec 4
There is also a big difference in perception between a increase from 2.50 to 2.60 a gallon and 7.00 to 7.10 a gallon.
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Jerry Taylor Dec 4
Replying to @jerry_jtaylor
3/ OK, let's posit that fuel price increases of that nature would test the boundaries of public acceptance. But would fuel price increases triggered by the $25-40/ton carbon taxes being discussed in American politics do the same?
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Jerry Taylor Dec 4
Replying to @jerry_jtaylor
4/ That translates into an initial 25-40 cent/gallon increase in pump prices ... well within the range of historical variation. Most carbon tax plans would have those taxes escalate above inflation over time, but by they time they exceed $1 per gallon ....
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Jerry Taylor Dec 4
Replying to @jerry_jtaylor
5/ ... Affordable, high performance EVs will be penetrating the market according to most every energy forecaster who's in this business. Don't like gasoline prices? Get an EV and avoid the tax. That, after all, is how a carbon tax drives decarbonization.
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Michael Collins Dec 4
Replying to @jerry_jtaylor
Good reality check vs Paris, but any tax on fuel is endangered by default. See McCain/Clinton bill from 2008 to suspend the federal gas tax for a season. Neither became president, but it had support. A carbon dividend makes the carbon fee popular rather than bearable.
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reflectionephemeral Dec 4
Replying to @jerry_jtaylor
Well-grounded & entirely reasonable; but the experience of the past 10 years suggests it may be inapposite. The individual mandate was GOP boilerplate for 20 years; once Dems embraced it, though, it became unconstitutional tyranny—to every R. So too with a .001 cent tax hike.
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John Kartch Dec 4
Replying to @jerry_jtaylor
I’m sure the people will have no problem being forced to “get an EV” Jerry.
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Paul Blair Dec 4
Replying to @jerry_jtaylor
I love being forced to buy cars you have to plug into the electric grid which gets 80% of its electricity from fossil fuels. I knew Niskanen would come around to the pro-America energy agenda.
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Christopher Butler Dec 4
Replying to @jerry_jtaylor
Why don’t you go by your own EV and leave me the hell alone.
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Jerry Taylor Dec 4
Replying to @jerry_jtaylor
6/ Regardless, the right would appear to be saying that a 4 cent/gallon increase in gasoline taxes (which is all that was proposed in France) would similarly trigger bloody rights were they proposed in the U.S. This sounds more like an empty threat than a cool-eyed forecast.
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Bansi Sharma Dec 4
Replying to @jerry_jtaylor
Please answer this question: IF it turns out tomorrow that our planet is heading into a prolonged period of global cooling due to newly discovered changes in sun-spot activity, will you be okay then with INCREASING our consumption of fossil fuels?
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Gedalia Dec 4
Replying to @jerry_jtaylor
There’s no reason that we shouldn’t have a floor of 3.50 or $4. People shouldn’t think oh maybe prices will go back down so I’ll keep a klunker.
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Jerry Taylor Dec 4
Replying to @jerry_jtaylor
"bloody RIOTS." Jeez ...
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mark lyons Dec 4
Replying to @jerry_jtaylor
thanks for your analysis. I suspect the unrest in Paris is also incited by the same trolls that promoted Brexit, then Trump
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X R Dec 4
Replying to @jerry_jtaylor
Would a 40¢/gal increase in fuel costs decrease driving significantly? That's the real goal, or at least it should be.
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Very Legal & Somewhat Cool Dec 4
Replying to @jerry_jtaylor
Not that we’d ever expect a cool-headed projection from right-wing industry shills...
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A Siegel Dec 5
Thoughts from over a decade ago ... what if there were a 1 cent/month increase in gas tax essentially indefinitely. Everyone (would consider this certainty of fuel price increases over time in their investment decisions from housing to vehicle to ... purchases. 1/x
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