Monday, February 16, 2009


I was convinced, for many years, that a tax on pollution would be ideal. Tax the negative externalities to provide public goods and even subsidize positive externalities.

The global warming debate has changed my mind.

I can see that even water vapor can potentially be considered a pollutant. The tax pollution idea just gives too much power to the government to be feasible. So while I consider it as an ideal solution, I have dismissed it as being incompatible with freedom. I will accept a far from ideal tax system as a cost of maintaining freedom.

Of course, the current tax system already gives far to much power to government.


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