To update Ev Dirksen a trillion here and a trillion there and pretty soon you’re talking about real money. I would hope that this observation by Brad Polumbo at the Foundation for Economic Education would have some resonance:
Americans largely agree that climate change and pollution are real problems. But a new poll reveals that they aren’t interested in shelling out massive amounts from their wallets in pursuit of progressive, big-government “solutions†like the so-called “Green New Deal.â€
After all, the Green New Deal would cost taxpayers up to $93 trillion, a truly astounding sum that comes out to nearly $600,000 per US household. Yet most Americans aren’t even willing to sacrifice $50 a month to mitigate climate change. At least, that’s the finding of newly-released polling from the fiscally-conservative Competitive Enterprise Institute (CEI).
CEI surveyed a representative sample of 1,200 registered voters on environmental issues, and their findings have a margin of error of 2.83 percent.
A strong majority of respondents said they were somewhat or very concerned about the issue of climate change. However, one of the most interesting follow-up questions was this: “How much of your own money would you be willing to personally spend each month to reduce the impact of climate change?â€
The vast majority of voters were only willing to make very minimal financial sacrifices.
About 35 percent said they wouldn’t be willing to spend anything, with another 15 percent saying they’d only sacrifice $1-$10. Another 6 percent were willing to give up $11-$20, while 5 percent said they’d sacrifice $21-$30. In all, a whopping 75 percent of respondents were not willing to pay more than $50 a month.
What worries me about that isn’t just the enormous size of the bill or the cognitive dissonance involved or even that I don’t believe you can reduce carbon emissions by producing more carbon emissions and building those increasing emissions into the system. It’s my concern that the Democratic leadership are embracing Modern Monetary Theory. It certainly aligns with their predispositions.
All I can say is that positive feedback loops can’t go on forever.
BTW that disconnect between cost and willingness to pay is the reason I think that obtaining more energy from small modular nukes and carbon capture are better strategies than the ones that are being proposed by most proponents of the GND.






