Cheap compared to the cost of doing nothing
What do you pay for home insurance? Is it more than $175 a year? Probably. And you probably don’t think about it much—not to pay it would be foolish.
Well, $175 is what the Congressional Budget Office estimates the energy bill now working its way through Congress will cost the average household. And the likelihood of drastic climate change in your lifetime, which could cost you a lot more than $175 a year, is much greater than the chance your house will burn down in 2009.
The price tag would be even larger for wealthier Americans while the poorest can expect to get a small dividend.
I don’t get the use of the modifier “even” here; $175 seems like not very much money to me— it’s about what my wife and I spend on dinner, a babysitter, and movie or music tickets when we go out once a month. It’s even less than Clinton-Gore’s proposed BTU tax in 1993 (which would have averted billions in cost and saved millions of lives).