I’m of two minds about revenue-starved states that are taking on powerful bottled soda interests by proposing hefty taxes on calorically sweetened soft drinks. On the one hand, taxes on external costs may, in principle, increase efficiency rather than decrease it. On the other, while it is plausible that sweetened drinks …
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By Peter Passell | Tags: cigarette tax, externalities, Justin Fox, soda tax | Category: Quick Takes, Tax Policy |
 Leave a commentBruce Bartlett lists all the reasons that Reps. Jeb Hensarling’s and Mike Pence’s call for a constitutional amendment to limit federal spending to one-fifth of GDP is, at best grandstanding, and more likely, just plain dopey. Bruce, bless him, always makes us nostalgic for the era in which … By Peter Passell | Tags: Bruce Bartlett, constitutional amendment, federal debt, Jeb Hensarling, Mike Pence | Category: Mandates, Quick Takes |
Leave a commentTheodore Moran argues that China’s rush to “lock up” natural resources in other countries (think energy) will actually increase access for the rest of the world’s access – not decrease it. We wish the Chinese understood the point, too; it would make them better citizens in the UN … By Peter Passell | Tags: energy policy, Theodore Moran | Category: International Trade, Quick Takes |
Leave a commentRobert Stavins challenges the current conventional wisdom that climate change legislation is dead for the foreseeable future. From his lips to Gaia’s ears… |
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