The IUSB Vision Weblog

The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

Obama Commerce Secretary: U.S. taxpayer should pay for Chinese Carbon Emissions…

Posted by iusbvision on July 19, 2009

Are they nuts???

Wall Street Journal:

With the U.S. secretaries of energy and commerce in China this week, much of the attention focused on the standoff over emissions reductions or small breakthroughs in clean-tech cooperation.

But yesterday, Commerce Secretary Gary Locke said something amazing—U.S. consumers should pay for part of Chinese greenhouse-gas emissions. From Reuters:

Gary Locke Obama Commerce Sec“It’s important that those who consume the products being made all around the world to the benefit of America — and it’s our own consumption activity that’s causing the emission of greenhouse gases, then quite frankly Americans need to pay for that,” Commerce Secretary Gary Locke told the American Chamber of Commerce in Shanghai.

Oh my gawd…. Apparently Secretary Locke doesn’t believe that China gets enough of our money so here is his plan for giving them more. Not only should we pay carbon taxes on what we produce, but since we buy and consume so many products from China, we should pay their would be carbon taxes for them too. How is that “hope & change” working out for you?

Says the Wall Street Journal, “China of course loves the idea.”

One Response to “Obama Commerce Secretary: U.S. taxpayer should pay for Chinese Carbon Emissions…”

  1. Mao Ruiqi said

    The idea has merit, only if China raises its prices relative to covering higher manufacturing COGS due to additional eco-expenses; however, to suggest that Americans actually pay the eco-expenses directly to China in lieu of Chinese manufacturers…I don’t think so!

    [I see your point, but so that neither of us in misunderstood, CO2 is plant food, no carbon tax has merit. Especially since the Earth has been cooling since 1998 and while CO2 has gone up and the EPA has said that cap & tax won’t effect climate. – Editor]

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