One point that gets overlooked in all our debates about spending, taxing and borrowing -- and that is particularly germane to the debate over turning our economy upside down because of global warming -- is that we present-day Americans aren't nearly as rich as future Americans. Given that, and given our social consensus in favor of progressive taxation, why do we tax ourselves for their benefit? Aren't all taxes regressive, if time is considered?
It would have been nonsense for the US to have abstained from World War II because it couldn't be paid for out of tax revenue. We benefit, we're better off, it's entirely just that we should pay.
What other costs should we shove off on the future?