A Wealth Tax Is the Logical Way to Support Coronavirus Relief

The wealthiest 5 percent of American families now hold $57 trillion, or two-thirds of all household wealth in the country (up from about half in 1960). An exemption for the first $2.5 million of household wealth would exclude the bottom 95 percent from paying any tax at all and leave the top 5 percent with total taxable wealth of roughly …

We’ve never been able to afford our car-dominated roads. Coronavirus just reveals how bad the situation has always been

To put it bluntly, in the nearly 70 years since the Federal Highway Act of 1956 gave states a 90-percent discount on a brand new freeway systems of their very own, no state has ever found a reliable way to maintain all that asphalt without extensive federal assistance. We have 50 distinct road-funding structures across 50 states, and no one has found the magic amount to …

G20 nations have “almost tripled” the subsidies given to coal-fired power plants in recent years, despite a pledge made a decade ago to phase out such fossil-fuel payments

June 2019 The Guardian The Guardian, RTE and Reuters all cover a new report by the London-based think tank Overseas Development Institute which documents a significant rise in G20 coal subsidies. The Guardian says the nations have “almost tripled” the subsidies given to coal-fired power plants in recent years, despite a pledge made a decade ago to phase out such …

Peak fossil fuel demand and peak ICE vehicles. The recent 3 percent fall in oil demand has led to a 50 percent fall in the oil price. Governments role is to prevent fossil resurgence and to implement a tax wedge

Horse demand famously peaked when cars were just 3 percent of their number, and gas lighting demand peaked when electric lighting was just 2 percent of supply. The consequence of peaking demand for fossil fuels has been playing out for a number of years now, in sector after sector. Peak demand for coal meant lower prices for US coal and …

Lost time, health, stress and the other high costs of traffic

Stuck and Stressed: The High Costs of Traffic, New York Times, March 2020 According to one study, commuting is one of the least pleasant things we do. But it’s not just an annoying time waster — there’s a case that it’s a public health issue. According to analysis by the Texas A&M Transportation Institute, the average American commuter spends 42 hours per …

Health and climate benefits from California’s cap-and-trade are over 5 times greater than the program’s costs, with many benefits unaccounted

Cap and trade in California: health and climate benefits greatly outweigh costs. The report, authored by Dr. Marc Breslow and Ruby Wincele, looks at California’s cap-and-trade program and its investments – it finds that health and climate benefits from California’s cap-and-trade are 5 times greater than the program’s costs. We hope that it can give us valuable data, and leverage in the …

State Carbon Tax (and Regional Cap and Trade) Update

Coalition calls for carbon cap-and-trade program across Northeast, Mid-AtlanticNJ Spotlight | Tom Johnson It is time across the Northeast and Mid-Atlantic for the region’s governors to adopt a cap-and-trade program to reduce global warming pollution from vehicles, according to a coalition of investors, trade groups and nonprofit organizations. In a letter to 12 governors, the more than 100 signatories called …

Converting transportation off fossil fuels

Transportation is ‘climate enemy #1’: report Feb 2020 SmartCitiesDive | Jason Plautz With transportation as the largest source of greenhouse gas emissions in the U.S., a new report from Environment America Research & Policy Center and the Frontier Group outlines “achievable” strategies to clean up the sector. ​The “Destination: Zero Carbon” report calls transportation “climate enemy #1” due to oversized …