Lobbyists know that a 0 percent tax rate on capital income is not, in fact, the lowest possible rate. There can be negative tax rates. There can be subsidies. There can be allowances for depreciation. Lobbyists are adaptive creatures.
Joel AchenbachThe Enron scandal calls into question the integrity of the entire capitalist system, which previously we assumed was based on honest, straightforward greed.
Joel AchenbachYou might declare that global warming and energy insecurity, not to mention urban sprawl and pollution, have intensified the sin of indulging one's motoring desires. And I would not argue with that point. You're right. I am a bad man. But over the long term, if you want to develop a new transportation and energy policy, you'd probably want to err on the side of assuming that people won't change much. And it is human nature to like to be empowered.
Joel AchenbachRight-thinking people are not supposed to discuss any meteorological or geophysical event - a hurricane, a wildfire, a heat wave, a drought, a flood, a blizzard, a tornado, a lightning strike, an unfamiliar breeze, a strange tingling on the neck - without immediately invoking the climate crisis. It causes earthquakes, plagues and backyard gardening disappointments. Weird fungus on your tomato plants? Classic sign of global warming.
Joel Achenbach