A smart alternative to payroll tax
A recent blog posting in The New Yorker suggested a smart alternative to the payroll tax. Why not actually create jobs via taxation rather than discourage people from working? A tax on carbon that gradually increases becomes a source of revenue that both replenishes the trust fund used for Social Security and Medicare and creates jobs by indirectly favoring renewable energy in the marketplace.
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Oklahomans would benefit as natural gas becomes more desirable over fuels with higher energy content, such as coal and petroleum. Such a tax should be a creative midpoint between raising payroll taxes and finding new sources of badly needed government revenue.
Oklahoma is the land of many resources, including those in the wind, the sky and the minds of its creative and enterprising peoples. Let’s call upon our state and federal policymakers to tax carbon, mitigate the disastrous costs of climate change and help solve our looming debt crises.
Jim F. Chamberlain, Norman
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