Tag Archives: regulation

A Carbon Tax Proposal

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No less a pair of lights than George Shultz and James Baker III have one regarding atmospheric carbon emissions.  They’re prefacing their case on their then-boss, President Ronald Reagan’s successful negotiation of the Montreal Protocol to rein in the failures of atmospheric CFCs that were destroying the ozone layer.  Not that the two have anything to do with each other, but it makes for good obfuscation.

Shultz and Baker have four “pillars” to their proposal:

First, creating a gradually increasing carbon tax. Second, returning the tax proceeds to the American people in the form of dividends. Third, establishing border carbon adjustments that protect American competitiveness and encourage other countries to follow suit. And fourth, rolling back government regulations once such a system is in place.

Their first pillar echoes ex-President Barack Obama’s (D) promise to let electricity generators use all the coal they wanted; Obama’s policies just would put them out of business.  No carbon emissions. Period.  Never mind that there’s very little need to reduce carbon emissions.  Atmospheric CO2 used to generate acid rain, but that pollution is long since reduced to the point of elimination.  Beyond that, the EPA’s pseudo-science “finding” notwithstanding, atmospheric CO2 is plant food, not a pollutant.  We eliminate that plant food at risk.

Return the tax proceeds to us as dividends?  That’s just wealth redistribution by government fiat.  Haven’t we had enough of Progressive redistribution failure already?  Not to mention the cynically internally illogical mechanism for the redistribution.

A $40-per-ton carbon tax would provide a family of four with roughly $2,000 in carbon dividends in the first year, an amount that could grow over time as the carbon tax rate increased.

How could the dividend grow—isn’t the tax supposed to reduce emissions significantly?

Border carbon adjustments?  Pit importers against exporters again.  That’s the outcome of the existing border adjustment tax being proposed in the House today.

Roll back the regulations once “such a system is in place?”  Really?  Can Shultz or Baker name two programs that have been rolled back once they’ve been enacted?  They’re not that naïve.

This is just more Progressive foolishness, now being spouted by two fine gentlemen who’re past their age of usefulness.

A National Parental Leave Policy

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AEI has a piece on this; unfortunately, their piece proceeds from some false premises.

Developing a National Paid Parental Leave Policy

It’s interesting that folks of a bent proceed from such claims. They always decline to establish, for instance, that we need a national policy for parental leave. It’s such a widespread failure that I have to conclude it’s deliberately Alinsky-esque in its attempt to control the discussion.

The United States is one of two countries without a national policy providing new mothers with rights to paid leave following the birth of a child.

And then this non sequitur keeps getting dragged out as if it matters that we don’t look like the rest of the world. Never mind that, more substantively, we aren’t like the rest of the world, so there’s no reason we should look like the rest. There aren’t very many federated republics extant.

At present, we simply do not know what the ideal leave program for the US would look like.

Yes we do. It’s what each of the 50 States in our republic think one would look like–it’s what the citizens of each of those States think is best for themselves. Full stop.

The Noise of Freedom

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European Central Bank President Mario Draghi is worried.  The European is afraid of any relaxation of banking regulations in the US; it might cause some instability.  Never mind that instability is a Critical Item for innovation and growth, whether economic, political, technological, or anywhere else.  As he testified before the European Parliament Committee on Economic Affairs,

The last thing we need at this point in time is the relaxation of regulation….

The fact that we are not seeing the development of significant financial stability risk is the reward of the action that legislators and regulators and supervisors have been undertaking since the crisis erupted[.]

No, the suppressed economic growth we’ve experienced is the punishment from the action that legislators and regulators and supervisors have been undertaking.  The noise of freedom and innovation and growth is so terrifying that the punishment is better than the progress.

Or the bureaucrat simply is dismayed at the potential loss of power because the contagion from the US might spread to Europe.

Transparency or Government Snooping?

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Senator Ben Cardin (D, MD) had a letter to The Wall Street Journal‘s editor over the weekend.  He’s objecting to Congress’ removal of his (and Senator Richard Lugar’s (R, IN) Cardin-Lugar piece of Dodd-Frank that required public companies to disclose their payments to foreign governments.  Ostensibly, this was to track bribery actions, but like the rest of Dodd-Frank, it overstepped.

There’s nothing like a Democrat desperate to protect his legacy (Lugar was not silent on the matter; he voted for its repeal).

There is no unreasonable burden to businesses in asking them to track operating payments that should be part of the normal course of legitimate business.

Normal course of legitimate business. The Democrat Senator is oblivious to the irony of his claim. The normal course of legitimate business is no concern of Government; such things are strictly the concern of businesses, their owners, and their customers in a free market.

If Government is concerned, there is already a suitable and sufficient law: get a warrant.

What Should a Health Plan Cover?

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Anna Wilde Mathews wondered about that in her piece in The Wall Street Journal.  First, a couple of asides.  Notice the tacit acknowledgment that we have no health insurance plans available.  That industry was eliminated in toto by Obamacare, which replaced the industry with a Federally mandated, publicly/privately funded health coverage welfare program.  Next, notice the tacit assumption in the piece’s subhead: that the law should mandate business decisions.

To the piece itself:

The 2010 health law created a new set of federal requirements for plans sold to individuals and small businesses, including a list of 10 benefits, among them prescription drugs, mental-health services and laboratory tests. It also mandated that plans cover preventive services such as vaccinations at no cost to enrollees.

Along with women’s contraceptives (but not men’s…) at no cost to enrollees or the businesses providing the plans.

Trimming certain benefit categories from the required list could sharply raise the cost of those benefits for consumers who opt to have them.

That’s Mathews’ claim, anyway.  What she’s chosen to ignore is that a competitive, free market would sharply reduce the cost of most of those “benefits.”  What she’s also chosen to ignore is that eliminating the mandatory nature of the coverages would sharply lower the cost to millions of others who don’t need those “benefits,” but who must pay for them anyway—even if they’re included in a plan at “no cost to enrollees,” a fiction cynically foisted onto us by the Obama administration.  Enrollees certainly are paying for them; the added cost is simply hidden in a higher overall price.  And the rest of us are paying for them, too, in premiums similarly elevated to pay for that required coverage and/or in the taxes we must pay to pay for the subsidy.

It’s certainly true that other, rarer or more expensive to treat problems would have higher prices, but there’s never been a case made for why Government should pay for these ahead of family, friends, charity, church, local community—the usual suspects.

Plans with skinnier coverage can carry lower premiums, actuaries say. But as with everything in health care, that comes with a trade-off.

NSS.  But those trade-off decisions belong to the individual, not to Government.