PETER PASSELL. “Cheapest Protection of Nature May Lie In Taxes, Not Laws” New York Times, November 24, 1992

The article expresses the idea that the environment pollution and waste of resource can be solved by put taxes on polluters and waste producers (Green Tax). The government used to spent large amount of money on controlling the pollution and waste by offset some regulations. The result was not as good as people expected while the society had to burden much cost on it. If the producers pay the full cost of pollution, pollution will reduce immediately and the government can receive a large amount of revenue on it while the cost is very cheap.
But the disadvantages of green tax appear at the same time. Firstly, it is difficult to calculate the cost of pollution or the negative externalities. Secondly, it is unfair to the poor people while most of them live near the landfills and busy highways.
I think the “green tax” is a great idea because if producers are imposed taxes equals to negative externalities, they will surely reduce the output and raise the price at the same time. Although “green tax” will bring some disadvantages, advantages it brings will be more obvious. “Green tax” can be more efficient than offsetting pollution regulations.
The “green tax” involves much microeconomics principles. The pollutions described in the article like noise, poisonous air and so on are all negative externalities. They are costs that arise from production but falls on people other than producers. Only if the external cost is considered, the society can achieve an efficient equilibrium. The “green tax” is a good way to achieve efficient equilibrium.

Future is nice

I don’t what was wrong with me recently. I was thinking everything in the future. And I found that a lot of things in the future can be very nice. Like I can buy a Lamborghini (which is my dream car) only if I can earn $100,000 a year. After the business management class, I learned that if can deposit $3000 every month to the bank or buy the bond, I then can get more than $200,000 in five years. How about housing? I can buy a house worth more than $1,000,000. My girl friend and I will pay $5000 every month pay off all the debt in 30 years. This is not big burden. So buying a house immediately you have income is really a great choice. Maybe after 30 years, when the house is yours, you can sell it and exchange to a bigger house because the appreciation of your house. Besides, doing some small investment can also bring me a lot of magic weath.

Buy stranger a chicken cheeseburger

I first felt very embarrassed to do this assignment. But I had to do and I was also a little bit curious about the result. So I went to Wendy’s this Saturday afternoon. I deliberately bought two chicken cheeseburgers and I knew that I was only able to eat one. Then I found a table with a man sitting at the opposite site to sit. We were both calm at the beginning and I was always thinking how to give the extra chicken cheeseburger to that man. Then I found the way to do. I said to that man, “Excuse me sir, I think I am too full to eat this chicken cheeseburger. Would you like to take that? It’s for free of course.” I thought he must be glad to receive it. It is really a good deal, doesn’t it? But he said, “Thank you, I think I am very full right now too. You can bring it home for tomorrow ‘s breakfast.” “ Yeah, this is really a good advice.” I replied. Although he didn’t accept my food, we began a very nice talk since then. I think buying stranger food or drink is a good way to know new friends without embarrassment.

I have made a great decision

I made a great decision this week. That is I have withdrawn from STAT 336. I finally dropped this class because I had no time to finish the project which would due last Wednesday. It would cost me more than 30 hours to do which would leave me no time to study for other courses. I had one exam on last Friday. I had planned to double major in accounting but now it seems impossible. The program requires me to finish almost all the major courses before this summer. But STAT 336 has 6 credits. I still think this is a great decision I have ever made. Because I don’t want to use grades “C”s in other classes to get a B in this class. And I will learn nothing from this course too. Fortunately, STAT will be separated into 3 courses in the next semester. Thus I can have less burden but learn some real knowledge.