Nobel prize granted for proving climate taxes work!?

[CapitalB]

(Two separate links)

Nobel Prize-winning economist says carbon taxes are the solution to climate change

"It was for work on one of the most important problems the globe faces, which is climate change," he said. "I've been working on that for almost 40 years, and the time's ripe."


Something tells me the calls for evidence on this issue will not lessen any though.

[Glacier]

Um, everyone who isn't a full blown socialist knows that taxing consumption reduces consumption. No need to award a prize for that.

[Veovis]

Other awards given this year

Nobel Prize for research into holes getting bigger when more dirt was removed.

[bob vernon]

We don't need to reduce consumption. We need to ramp it up and get this thing over with sooner.

Look, if we can get to the inevitable complete collapse of civilization with 10 to 12 billion people on earth, isn't that better than waiting until there are 15 billion people? Fewer souls to be lost. Petty little carbon taxes does very little to slow down the rate of climate change. So let's just crank up consumption and burn up those fossil fuels faster and faster. There is almost no consensus to reduce. With the rise of populist politicians like Trump, Ford, Moe, Kenney, and Pallister it should be easy to increase our consumption. They do a good job of demonizing the eco-freaks and tree huggers. Andrew Scheer might be a weak leader, but that's a good thing. He'll do pretty much anything that the premiers and BigOil tell him to do.

[Verum]

Um, everyone who isn't a full blown socialist knows that taxing consumption reduces consumption. No need to award a prize for that.

It might depend on what you are taxing. Some goods sometimes increase in demand as price increases. Since taxes tend to drive up prices, one could imagine such happening. Such goods are Giffen goods, though I'm not sure of any documented cases of tax induced Giffen goods, but I wouldn't be surprised if such existed.

I could see such happening due to poorly implemented emissions taxes. Basically, if taxes reduce people's ability to afford expensive and efficient vehicles and as a result are only able to afford cheaper but less efficient vehicles one might expect to see greater emissions. Of course, usually expensive vehicles are rather poor in terms of emissions, and cheaper vehicles are generally better, but the arrival of mainstream electric vehicles might change that and flip it on it's head.

Just another reason to get your taxation policy implemented by people who understand taxation, primary effect, secondary effects, etc.

[Glacier]

It might depend on what you are taxing. Some goods sometimes increase in demand as price increases. Since taxes tend to drive up prices, one could imagine such happening. Such goods are Giffen goods, though I'm not sure of any documented cases of tax induced Giffen goods, but I wouldn't be surprised if such existed.

I could see such happening due to poorly implemented emissions taxes. Basically, if taxes reduce people's ability to afford expensive and efficient vehicles and as a result are only able to afford cheaper but less efficient vehicles one might expect to see greater emissions. Of course, usually expensive vehicles are rather poor in terms of emissions, and cheaper vehicles are generally better, but the arrival of mainstream electric vehicles might change that and flip it on it's head.

Just another reason to get your taxation policy implemented by people who understand taxation, primary effect, secondary effects, etc.

True, which is why we shouldn't meet our targets agreed to by certain accords. Tripling the price of fuel (or whatever it would take) would become overly burdensome. That's why we are on the pace of slow and steady instead.

[Verum]

It might depend on what you are taxing. Some goods sometimes increase in demand as price increases. Since taxes tend to drive up prices, one could imagine such happening. Such goods are Giffen goods, though I'm not sure of any documented cases of tax induced Giffen goods, but I wouldn't be surprised if such existed.

I could see such happening due to poorly implemented emissions taxes. Basically, if taxes reduce people's ability to afford expensive and efficient vehicles and as a result are only able to afford cheaper but less efficient vehicles one might expect to see greater emissions. Of course, usually expensive vehicles are rather poor in terms of emissions, and cheaper vehicles are generally better, but the arrival of mainstream electric vehicles might change that and flip it on it's head.

Just another reason to get your taxation policy implemented by people who understand taxation, primary effect, secondary effects, etc.

True, which is why we shouldn't meet our targets agreed to by certain accords. Tripling the price of fuel (or whatever it would take) would become overly burdensome. That's why we are on the pace of slow and steady instead.

I would tend to leave such decisions to the experts, not the likes of us. I certainly wouldn't proclaim that we shouldn't be trying to meet our commitments without rather extensive and complete analysis by actual experts and I doubt you are significantly more qualified than I am in this regard.

[Glacier]

I would tend to leave such decisions to the experts, not the likes of us. I certainly wouldn't proclaim that we shouldn't be trying to meet our commitments without rather extensive and complete analysis by actual experts and I doubt you are significantly more qualified than I am in this regard.

What I mean is meeting obligations at all costs. I would say you agree with that.

[The Green Barbarian]

This from the same group that gave Barack Obama the Nobel Peace Prize after only a few months in office. This prize has been completely corrupted by Leftist boneheads.

[crookedmember]

I'm just going to guess that none of you folks on the right are too familiar with Nordhaus and Romer's work on the economics of climate change.

It might make sense for you to do some reading.

More sense than your usual sources for science and economics, which seem to be Charles Adler and inane youtube videos.

[Jlabute]

This from the same group that gave Barack Obama the Nobel Peace Prize after only a few months in office. This prize has been completely corrupted by Leftist boneheads.

That’s right. Many including Al Gore and Yassar Arafat received politically motivated awards, just like Obama. Obama himself said he didn’t deserve the award but accepted it anyways. William Nordaus is a member of Skull and Bones, and is very interested in that one world order. He has written economic-climate computer models which I am sure must be worse than just climate models. I bet his award, which is timed with the latest release of IPCC AR15, is politically motivated.