An excerpt from the book that never was, “Carpet Baggers, Nutjobs and Happy Clappers.”
Recreation is seen as a useful way of offsetting obesity and to improve health. The answer, for one pundit, is to educate kiddies on the virtues of recreation, invest large amounts of money to make facilities available (presumably free of charge), and if the personal benefits of improved health and fun alone are not enough, offer a carbon refund for every time you recreate.
Who funds the construction and operation of the recreation infrastructure and at what cost? Who manages and operates the recreation infrastructure? Who will be paid to stand outside handing out carbon credits to passers by? Will carbon credits be enough to promote recreation?
It is not clear that there will be a surge in recreaters.
And, carbon credits are not likely to be worth much more than a cup of coffee. If you were offering a coffee to every commuter, how many will bring along their spare running shoes to con the government to pay for their morning coffee at work?
If we build enough stadiums to seat one half of
The back of the envelope
- Cost: $360 billion
- Expected impact on average earnings: Major reduction in income
- Expected impact on economic growth: Big increase in GDP , big increase in government debt
- Impact on incentives: 1 carbon credit = 1 cup of coffee
- Impact on government spending: Up by two thirds
- Impact on taxation: Up by two thirds
- Winners: Stadium operators, public servants and coffee shop owners
- Losers : Everyone else
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