Jim Manzi, software entrepreneur and former head of Lotus Development Corporation, makes a strong case against imposing a carbon tax. His basic argument is that such a draconian measure imposed on the developed world is not necessary or warranted now to hedge against extreme hysteria surrounding an unprovable and unlikely risk of catastrophe.
Instead, he argues that large government sponsored and funded R&D programs in the single $billions/year range could develop technologies to ameliorate emissions with little damage to the economies of the Western world compared to a carbon tax that would likely never go away.
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