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As follow up to this week’s Perspectives column regarding carbon cap and trade, there’s news today from noted economist Jeffrey Sachs, director of the Earth Institute at Columbia University. Sachs believes that a straight carbon tax on the source of pollution would prove much easier and cheaper than putting a cap on tens of thousands [...]
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With higher gas prices pushing more people to take public transportation, the collection of gasoline taxes will decrease. This revenue is used to fund infrastructure, so the move to mass transit will put further strain on U.S. infrastructure investment. Additionally, the move to alternative fuels collects no tax, so it doesn’t pay for the roadway. [...]
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