The Climate or the Uninsured?
Declan McCullagh of CBSNews reports that a Department of Treasury analysis released under the Freedom of Information Act estimates that a cap and trade program would raise $100B to $200B a year in taxes. Those taxes come from us one way or another. Recall that my estimate of the cost to cover the uninsured is about 2/3rds of that amount ($63B to $126B).
So we have a fortuitous illustration of the tradeoffs we have to make. There are two issues, priorities and effectiveness. It’s not that I don’t think there is some merit to reducing CO2 emissions. Rather, I think there are other problems that are higher priority with solutions that are more likely to be effective. Health care for the poor is one of those. I’m willing to pay an extra $1000/year to solve health care for the poor. I’m not willing to pay an extra $1500/year on top of that to address global warming.