Carbon taxes, add-ons to international air fares and a levy on cross-border money movements are among ways being considered by a panel of the world’s leading economists to raise a staggering $100 billion a year to fight climate change. British economist Nicholas Stern told international climate negotiators Thursday that government regulation and public money also will be needed to create incentives for private investment in industries that emit fewer greenhouse gases. In short, a new industrial revolution is needed to move the world away from fossil fuels to low carbon growth, he said. “It will be extremely exciting, dynamic and productive,” said Stern, one of 18 experts in public finance on an advisory panel appointed by U.N. Secretary-General Ban Ki-moon. A climate summit held in Copenhagen in December was determined to mobilize $100 billion a year by 2020 to help poor countries adapt to climate change and reduce emissions of carbon dioxide trapping the sun’s heat. But the 120 world leaders who met in the Danish capital offered no ideas on how to raise that sum — $1 trillion every decade — prompting Ban to appoint his high-level advisory group. …The advisory panel is chaired by the prime ministers of Norway and Ethiopia and the president of Guyana. Its members include French Finance Minister Christine Lagarde, White House economic adviser Lawrence Summers, billionaire financier George Soros and public planners from China, India, Singapore and several international banks.
Archive for August 7th, 2010
U.N. Global Taxes on You and Me Being Decided by Statists such as George Soros and France’s Finance Minister
Posted in Big Government, Climate change, Corruption, Foreign Aid, Global Taxation, Global warming, International bureaucracy, United Nations, tagged Climate change, Corruption, Foreign Aid, Global Taxation, Global warming, International bureaucracy, United Nations on August 7, 2010| 12 Comments »
Posted in Big Government, Economics, Government Spending, Higher Taxes, Jobs, Obama, Reagan, Recession, Supply-side economics, Taxation, tagged Big Government, Economic growth, Government Spending, Higher Taxes, News Appearance, Obama, Reagan, Supply-side economics on August 7, 2010| 23 Comments »
Appearing on MSNBC, I explain why Reagan’s approach helped America. But I also warn that Obama is making America more like France.
For inexplicable reasons, some people have been giving me a hard time about my very snazzy jacket.
The folks at Rasmussen Reports have done a great thing by splitting polling data by a new demographic – the political class compared to everyone else. In other words, instead of just telling us about different polling results based on factors such as race and sex, Rasmussen also tells us how polls differ based on a split that could be characterized as insiders vs outsiders. A stark example is the new poll on whether there should be any limits to federal government power. As this excerpt indicates, regular voters say yes by an astounding 94-3 margin, while 54 percent of the political class thinks there should be no limits to federal government power.
Eighty-six percent (86%) of voters nationwide say there should be “limits on what the federal government can do.” A new Rasmussen Reports national telephone survey finds that only nine percent (9%) believe the federal government should be allowed to do most anything in this country. These views are overwhelming shared across virtually all partisan and demographic lines. The only exception is America’s Political Class. By a 54% to 43% margin, the Political Class believes the federal government should be allowed to do most anything. Mainstream voters reject that view by a 94% to three percent (3%) margin.