18 February 2019 FT — Articles to Read

18 February 2019


Question: According to MSN: Money, what are three reasons you are not saving money?


Economists led by Yellen back carbon tax over Green New Deal –Pg. 4

–          …Greed New Deal was costly, whereas the carbon tax, which would plough proceeds back into the public in dividend payments, would be the most efficient way to reduce emissions

–          Under the terms, the revenue from a carbon tax would be redistributed to Americans on a per capita basis, which would disproportionately benefit the poorest households more.  The proposal also envisages a carbon border tax that would impose a levy on carbon-intensive goods entering the US

–          The changes of passing a carbon tax and dividend under the current administration are viewed as slim…

–          The proposed tax has been criticized by environmentalists because it does not set a cap on total carbon emissions


Answer: (1) You do not have a budget; (2) You are not paying yourself first; (3) You have never experienced a financial emergency