U.S. policymakers often tout a carbon tax, but a quick look at the
land down under shows that it can be burdensome and do little to fight
global warming.
Australia’s carbon tax cost $7 billion (in Aussie dollars) over 15
months, but only reduced carbon dioxide emissions by 0.3 percent. The
cost of the country’s carbon tax comes out to about $300 per person.
The Australian newspaper obtained government figures
that show the carbon tax has done little to fight global warming, while
burdening the Aussie economy. The country’s conservative government derided the figures.
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