University of Michigan has gone crazy
Study by University of Michigan on Climate change was just released: DOOM. The only thing to save our planet is to shut down the economy with a global recession.
Or, CO2 tax.
Will update when I can find the piece. It’s being reported by WJR Detroit.
ANN ARBOR, Mich.—It’s a message no one wants to hear: To slow down global warming, we’ll either have to put the brakes on economic growth or transform the way the world’s economies work.
“If ‘business as usual’ conditions continue, economic contractions the size of the Great Recession or even bigger will be needed to reduce atmospheric levels of CO₂,” said Tapia Granados, who is a researcher at the U-M Institute for Social Research (ISR).
It’s not all gloom and doom. They have the answer.
To break the economic habits contributing to a rise in atmospheric CO2 levels and global warming, Tapia Granados says that societies around the world would need to make enormous changes.
“Since the 1980s, scientists like James Hansen have been warning us about the effects global warming will have on the earth,” Tapia Granados said. “One solution that has promise is a carbon tax levied on any activity producing CO2 in order to create incentives to reduce emissions. The money would be returned to individuals so the tax would not mean any extra fiscal burden.”
The money “would be returned to individuals” so that the tax wouldn’t be a fiscal burden?
Returned to them … how? I bet through “investments in education” and such things.