Dr. Roy Cordato, Vice President for Research, tipped off Max Borders of DC’s The Examiner,
about the hidden agenda behind Duke Power’s push for a carbon
tax. Arguing hard for a carbon tax to discourage the use of
fossil fuels, Duke Power appears to take the moral high ground with
eco-friendly “greens”. Though this grandstanding masks the
company’s real motivation: to divert fuel consumption away from fossil
fuels towards natural gas and nuclear power, two of their prime sources
of revenue. And while Duke Power uses the issue of taxation to
mask its business practices, Joe Coletti in the Charlotte Observer, stated
that he wants taxation to better reflect a consumer’s practices.
When asked about the possibility of taxing services in order to capture
more of the economy’s activities, Joe stated that a tax on consumed income
would do just that, and fairly, too.
Bootleggers, Baptists, and the Tax on Consumed Income