Just like those of California and Washington, New York’s carbon initiative will have no measurable impact on the global climate, but it will be a bureaucrat’s dream.
Economists don’t agree on much, which may explain why politicians usually ignore them. Harry Truman, exasperated by his fiscal advisers’ annoying “On the one hand, but on the other hand” equivocations, is said to have shouted, “Can’t somebody bring me a one-handed economist?”Although the United States hasn’t adopted a nationwide carbon tax, California and Washington state have.
Of that total, $6.7 billion — almost 40% — has gone into the state’s ill-fated high-speed rail project, whose estimated cost has quadrupled tosince it was approved 16 years ago. Fewer than 50 miles of the almost 800-mile project have been built. Another $450 million will be spent on commuter-rail projects, such as expanding the Bay Area Rapid Transit system, even though ridership remains 40% below pre-COVID levels.
Washington state’s carbon tax, which took effect last year — and faces repeal this November by angry voters — has raised around $2 billion, which has been
California Carbon Emissions Climate Change Green Energy New York Washington State
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