Regional Economic Models Inc. tomorrow releases the Massachusetts carbon tax impact study commisioned by the Massachussetts Carbon Tax Initiative, of The Committee for a Green Economy, a new political organization.
REMI forecasts $8 billion in benefits from the program over the next two decades.
briancady413
We tax sales at the state level, yet we haven’t taxed real estate sales statewide. It’s only fair that we tax purchases of the rich as well as purchases of the poor, if we are to tax purchases at all.
Together we, the people of Massachusetts, have made our home state a nice place. So most people moving or living here really want to buy land here. ‘Location, location, location’ they say, controls real estate value. That location is in relation to the rest of us, and in relation to the communities we’ve built together. It is that location that gives most market value to land, and it is that location which our communities made valuable in the first place. Returning a portion of the market value we created through our communities to maintain our communities makes sense. A state tax on land purchases would return a portion of the value we created as we built these fine communities.
Where are we going, why, and for what? This, in re-designing transport systems, while seeming frivolous, actually gets to the heart of the matter: The opportunities for our region in understanding and re-devising transport are enormous. We can spend less time in traffic, less money on fuel, insurance, repair, etc. and spend less of our lives suffering from car accidents, asthma, bronchitis, etc. Additionally, with less of our earnings leaving the region for fuel and car expenditures, we’ll have more to spend on each other.
When public transportation expands, many gain, but few gain more or more directly than the landowners near new stops. Reportedly the land value increase yielded to them is often about the same as the cost of the expansion. One way to afford such public transport expansion is taxing those of us who stand to gain the most; the land-owners near new subway stations and facilities, as reported on here.
It’s good to see more and more people bicycling.. Bicycling is very energy-efficient transport, the exercise promotes physical health, and it leaves the nation less reliant on imports, while polluting much less as well.
Outer space, where there is not air enough to breath, is closer to us on earth than Dorchester is to Medford. With only about 7.5 miles of air above us, and 400 ppm of CO2 now in our air, there is no longer airspace above earth for all the carbon in the fuels we could burn. We need to encourage each other to burn less, in order to maintain the climate, the agricultural systems and thus the food we all rely on. Nothing says ‘Slow down’ like taxes. A carbon tax will encourage all of us to develop the methods and the equipment all the world will need tomorrow, for our food system to continue to yield our meals.
Those before us, to eliminate scarce labor, substituted plentiful energy resource use via technology, which was brilliant in a world empty of people and full of resources,, but now we’re running out of resources and have plenty of labor. We can now afford, in creating new methods and technology, to use more labor and less rare resources, which will yield less pollution and more jobs. Resource taxes like carbon taxes inspire this needed change in technology to proceed faster.
With the current five plus percent sales tax applied to real estate sales, and a carbon tax inspiring development of lasting infrastructure, we can assure each of us, when young, of a fair chance at life, and when old, of the help we all deserve. We can build the strength of our bridges and our schools. We can insure each of us access to the jobs we need to survive, and we can aid and guide those building the businesses that address the challenges before us.
Continue reading On Increasing Mass. RevenuesThe Urban Ring is a planned public transport service to encircle central Boston, connecting the existing subway line ‘grid’ so as to allow quicker routes around Boston’s center. It is expected to move 40,000 passengers each day in phase I, to about 275,000 per day in phase III in 2025, speeding commutes and relieving central Boston’s transit system congestion.
Because most business doesn’t know now what to do with capital, interest rates are near historic lows, so it’s a great time to raise building capital via municipal bond sales.
And it is a great time to hire transit system builders, amidst this seemingly endless recession, and to thus stimulate the greater Boston economy.
The land-owners of the to-be-connected new stops on the Urban Ring stand to gain tremendously in financial terms from the Ring’s connecting these sites right to the existing subway and busway system, and it would thus be fair to partly fund Urban Ring construction by taxing the increase in land value created at and near these new stops with special taxation zones. This funding method is addressed at: http://www.vtpi.org/smith.pdf
Continue reading Now is the Time to Start Building the Boston Urban Ring Transit Line.I just stumbled over this group, just after stumbling over Blue Mass Group, where I recently posted on how Mass might raise revenues now.
I was surprised to discover little support among BMG respondents for raising Mass revenues now.
While I see Mass education, police and fire as in desperate straits, others at BMG saw a Mass state revenue returning to the historical 15% of state GDP
as healthy.
I’m curious – Here at Green Mass Group, what do we think about the existing level of taxation?
Continue reading Mass State Revenues: too much, enough, or too little?