Comments on: The Cost of the Insurance Policy Matters http://www.climate-skeptic.com/2008/06/the-cost-of-the.html Sat, 11 Feb 2012 16:51:39 +0000 hourly 1 http://wordpress.org/?v=3.0.3 By: austin http://www.climate-skeptic.com/2008/06/the-cost-of-the.html/comment-page-1#comment-2023 austin Tue, 10 Jun 2008 14:52:38 +0000 http://climate-movie.com/wordpress/2008/06/the-cost-of-the.html#comment-2023 <p>Insurance policies are really closed futures markets. </p> Insurance policies are really closed futures markets.

]]> By: Austin http://www.climate-skeptic.com/2008/06/the-cost-of-the.html/comment-page-1#comment-2022 Austin Mon, 09 Jun 2008 16:52:18 +0000 http://climate-movie.com/wordpress/2008/06/the-cost-of-the.html#comment-2022 <p>Mike Tyson said it best:</p> <p>"Everyone has a plan until they get punched in the mouth."</p> Mike Tyson said it best:

“Everyone has a plan until they get punched in the mouth.”

]]> By: Mhaze http://www.climate-skeptic.com/2008/06/the-cost-of-the.html/comment-page-1#comment-2021 Mhaze Mon, 09 Jun 2008 12:13:28 +0000 http://climate-movie.com/wordpress/2008/06/the-cost-of-the.html#comment-2021 <p>Through what is effectively a tax, gov. alleges to seek to reduce CO2. Gov. collects $ based on noble supposed purpose, then Gov spends $ collected plus some more it prints just for good measure. Every utilization of those $ has a CO2 effect, the right to produce CO2 has only been shifted from the free market to the Gov.</p> <p>The US produces one ton of CO2 output per every $2115 of GNP. That will be approximately true for tax revenue dollars.</p> Through what is effectively a tax, gov. alleges to seek to reduce CO2. Gov. collects $ based on noble supposed purpose, then Gov spends $ collected plus some more it prints just for good measure. Every utilization of those $ has a CO2 effect, the right to produce CO2 has only been shifted from the free market to the Gov.

The US produces one ton of CO2 output per every $2115 of GNP. That will be approximately true for tax revenue dollars.

]]> By: Mhaze http://www.climate-skeptic.com/2008/06/the-cost-of-the.html/comment-page-1#comment-2020 Mhaze Mon, 09 Jun 2008 12:12:46 +0000 http://climate-movie.com/wordpress/2008/06/the-cost-of-the.html#comment-2020 <p>Through what is effectively a tax, gov. alleges to seek to reduce CO2. Gov. collects $ based on noble supposed purpose, then Gov spends $ collected plus some more it prints just for good measure. Every utilization of those $ has a CO2 effect, the right to produce CO2 has only been shifted from the free market to the Gov.</p> <p>The US produces one ton of CO2 output per every $2115 of GNP. That will be approximately true for tax revenue dollars.</p> Through what is effectively a tax, gov. alleges to seek to reduce CO2. Gov. collects $ based on noble supposed purpose, then Gov spends $ collected plus some more it prints just for good measure. Every utilization of those $ has a CO2 effect, the right to produce CO2 has only been shifted from the free market to the Gov.

The US produces one ton of CO2 output per every $2115 of GNP. That will be approximately true for tax revenue dollars.

]]> By: John M http://www.climate-skeptic.com/2008/06/the-cost-of-the.html/comment-page-1#comment-2019 John M Mon, 09 Jun 2008 00:05:16 +0000 http://climate-movie.com/wordpress/2008/06/the-cost-of-the.html#comment-2019 <p>I've always disliked the insurance analogy. An insurance policy is designed to spread risk and provide funds to people who suffer a loss. The only way this analogy would hold is if there is a fossil fuel fee or tax that is put into a "lock box" (sorry Al) and used to offset damages from climate change.</p> <p>That's not what people are really trying to do. They are trying to change behavior and re-apportion wealth. And they want to use the funds generated to "prevent" harm in some nebulous and unproven way, not use it to offset damages. How many people would voluntarily buy that kind of "insurance policy"?</p> <p>The closest analogy I can think of is car insurance, where "bad" behavior is punished with higher fees. Lots of luck deciding what "bad" behavior is, when you consider the quagmire that's already forming regarding biofuels. Also, even good drivers have accidents. If all the money collected for car insurance went to punish bad drivers in some way, what good would that do good drivers who have an innocent accident? </p> <p>How long before people start noticing that Prius drivers are bathed in EMF fields? Wait'll the health insurance companies get a hold of that. (That parts a joke, son.)</p> I’ve always disliked the insurance analogy. An insurance policy is designed to spread risk and provide funds to people who suffer a loss. The only way this analogy would hold is if there is a fossil fuel fee or tax that is put into a “lock box” (sorry Al) and used to offset damages from climate change.

That’s not what people are really trying to do. They are trying to change behavior and re-apportion wealth. And they want to use the funds generated to “prevent” harm in some nebulous and unproven way, not use it to offset damages. How many people would voluntarily buy that kind of “insurance policy”?

The closest analogy I can think of is car insurance, where “bad” behavior is punished with higher fees. Lots of luck deciding what “bad” behavior is, when you consider the quagmire that’s already forming regarding biofuels. Also, even good drivers have accidents. If all the money collected for car insurance went to punish bad drivers in some way, what good would that do good drivers who have an innocent accident?

How long before people start noticing that Prius drivers are bathed in EMF fields? Wait’ll the health insurance companies get a hold of that. (That parts a joke, son.)

]]> By: bbeeman http://www.climate-skeptic.com/2008/06/the-cost-of-the.html/comment-page-1#comment-2018 bbeeman Sun, 08 Jun 2008 20:56:53 +0000 http://climate-movie.com/wordpress/2008/06/the-cost-of-the.html#comment-2018 <p>The insurance example has other ramifications. Insurance companies can calculate the probability of you having a wreck, and therefore, they know the cost of taking on that risk. </p> <p>To my knowledge, the risk of AGW has not been quantified to the point that you can put a cost on it. The risks seem to always be expressed in dire warnings, hazy forecasts, and darned few facts.</p> <p>BTW, I enjoy your posts.</p> <p><br /> bb</p> The insurance example has other ramifications. Insurance companies can calculate the probability of you having a wreck, and therefore, they know the cost of taking on that risk.

To my knowledge, the risk of AGW has not been quantified to the point that you can put a cost on it. The risks seem to always be expressed in dire warnings, hazy forecasts, and darned few facts.

BTW, I enjoy your posts.

bb

]]> By: bbeeman http://www.climate-skeptic.com/2008/06/the-cost-of-the.html/comment-page-1#comment-2017 bbeeman Sun, 08 Jun 2008 20:56:01 +0000 http://climate-movie.com/wordpress/2008/06/the-cost-of-the.html#comment-2017 <p>The insurance example has other ramifications. Insurance companies can calculate the probability of you having a wreck, and therefore, they know the cost of taking on that risk. </p> <p>To my knowledge, the risk of AGW has not been quantified to the point that you can put a cost on it. The risks seem to always be expressed in dire warnings, hazy forecasts, and darned few facts.</p> <p>BTW, I enjoy your posts.</p> <p><br /> bb</p> The insurance example has other ramifications. Insurance companies can calculate the probability of you having a wreck, and therefore, they know the cost of taking on that risk.

To my knowledge, the risk of AGW has not been quantified to the point that you can put a cost on it. The risks seem to always be expressed in dire warnings, hazy forecasts, and darned few facts.

BTW, I enjoy your posts.

bb

]]> By: Stevo http://www.climate-skeptic.com/2008/06/the-cost-of-the.html/comment-page-1#comment-2016 Stevo Sun, 08 Jun 2008 19:22:30 +0000 http://climate-movie.com/wordpress/2008/06/the-cost-of-the.html#comment-2016 <p>I've never read it, so take this recommendation with a pinch of salt, but the book "The sky's not falling" is about AGW scepticism for children. Have a look and see what you think.</p> <p>http://www.amazon.com/Skys-Not-Falling-Global-Warming/dp/0976726947</p> I’ve never read it, so take this recommendation with a pinch of salt, but the book “The sky’s not falling” is about AGW scepticism for children. Have a look and see what you think.

http://www.amazon.com/Skys-Not-Falling-Global-Warming/dp/0976726947

]]> By: mal http://www.climate-skeptic.com/2008/06/the-cost-of-the.html/comment-page-1#comment-2015 mal Sun, 08 Jun 2008 17:23:58 +0000 http://climate-movie.com/wordpress/2008/06/the-cost-of-the.html#comment-2015 <p>OT: Are there any articles you can suggest for Kids that explain global warming objectively.?</p> OT: Are there any articles you can suggest for Kids that explain global warming objectively.?

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