Governator Warms Up to Tax Increase

Global warming, that is.

According to this article in the San Francisco Chronicle, Governor Schwarzenegger appears ready to jump on the global warming trail for tax increases.

First, some science. There’s a big debate over whether or not global warming is happening. For example, you’ll hear about the US having a warm winter. Well, Asia and Eastern Europe have had a cold winter. We hear that the icepacks in the Arctic and Antarctic are melting. If so, why haven’t coastal cities had flooding problems?

Additionally, there have been numerous reports that Earth naturally has warm and cold cycles. Indeed, there was a recent report that Earth will soon have a mini-ice age. When I was growing up, I remember reading in Popular Science that the burning of fossil fuels would case an ice age. That was about 1970, btw.

Back to taxes. The Governator apparently will propose increasing taxes on fossil fuel to fund research into alternative fuels. Let’s assume such a measure passes. Here are the impacts:
– California will be at an additional competitive disadvantage to other states;
– California will drive business away from vital industries, such as its ports and manufacturing;
– Tax increases are passed on to consumers. Always. So this will ripple through other areas of the economy.

I could continue in this vain but I think you get the idea. This is a bad plan that deserves to be shelved immediately.

Hat Tip: GOP Bloggers

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