Thursday, August 13, 2009

UW-M Student Thought Up "Carbon Tax"

Well, well......

Like other conscientious enviros, inventor Thomas Crocker favors a carbon emissions tax. It is straightforward, less prone to lobbyist mischief and is easier to adjust to reflect perceived environmental damage than a cap.

In 1966, Mr. Crocker, still struggling to finish his thesis at the University of Wisconsin at Milwaukee, sketched out the cap-and-trade idea to deal with air pollution produced by fertilizer plants in Florida. Mr. Crocker first pitched the idea of trading at a conference in Washington.

By the way, Crocker thinks "cap-n-tax" is useless for the purpose of reducing global CO2 emissions.

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