Monday, March 16, 2009

Replacing Social Security With Carbon Taxes

From Portfolio.com

Hertzberg does his best to paint this proposal as having bipartisan support, but political realities in Washington mean that Congressional Republicans would never actually vote for it. It's certainly ambitious: it would not only introduce a large-scale carbon tax but would also essentially abolish the idea of individual Social Security accounts. Given that radical Social Security reform and carbon taxes both lie on the outer edge of the politically feasible, doing both at once seems needlessly ambitious.

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