Will an increase over 100 years of between 4.5º C. and 7.5º C. really mean the end of civilization as we know it? Lawson asks if humans have adapted to living in Singapore (average annual temperature of 84º F) and Helsinki (average annual temperature of 41º F)? Is the gradual northerly creep of wine-producing vineyards necessarily a bad thing?
He explains how carbon dioxide must not be considered a pollutant. It is essential to life on earth.
If environmentalists really insist on a climate bill, Lord Lawson argues, then it should be a simple carbon tax. Tax gasoline. Tax heating oil. Tax electricity. This carbon tax would, of course, hit lower income folks hardest. But, he says, their carbon tax could be offset by corresponding cuts in their income tax.
I should emphasize that I do not agree with this proposal of this distinguished British writer. That’s because I think the increasing taxes on carbon would never be offset by tax cuts on lower income families. Government is simply too voracious for new revenue.
Still, I see the force of Nigel Lawson’s reasoning. The Cap and Trade Bill is really a Cap and Tax Bill. And if Lindsey Graham succeeds in passing this, it will create a huge and cumbersome new bureaucracy which itself eats up vast revenues—and—worst of all—becomes the source for untold corruption of government. You will see corporations lining up to get favored treatment from government. Cap and Tax is really Cap, Tax, and Plunder. Washington, D.C.’s famous K Street would become home to hundreds of new lobbyists, each angling for bonanzas from government for his bosses. The infamous “K Street strut” would give way to a K Street glut.
I hope Sen. Graham does not find any dance partners on the Hill. This bill is ill-timed and ill-advised. It’s time the lawmakers started listening more to those who have to live under the laws they pass.