What Did the US People Do to Deserve Trump's Lump of Coal?
A lump of coal is Santa’s proverbial gift to children who have been naughty. But what naughtiness makes Americans deserve the coal that the Trump administration is trying to inflict on us? The current incoherent energy policy will increase electricity prices even more than they would rise otherwise.
Admittedly, the coming demise of coal, which the administration may delay but not ultimately prevent, will be very hard on the people who work in the coal industry. And it will badly hurt communities where coal is the chief industry and states in which they are located.
Understandably, the coal industry has contributed generously to politicians who try to protect it, and its donations have paid very large dividends for that industry. But forcing electric utilities to keep burning coal, and stomping on potential competitors who could defeat it in any fair competition, is not the right way to protect the people and communities involved in a declining industry.
Government support for these people could take many more reasonable forms, including retraining programs, special support for schools and other local government services, and possibly even making workers eligible to collect Social Security and to be on Medicare before they would otherwise be old enough. These people should not be singled out to pay for the benefits that society as a whole will receive from abandoning the use of coal—the taxpayers as a whole owe it to them.
The current administration should abandon its current incoherent policies and stop trying to micromanage the energy market.
Rational policy would not try to protect people in particular energy industries. It would aim to create equal conditions within which all sources of energy could compete. The main present alternatives to coal include oil, natural gas, solar, wind, atomic, and geothermal sources. Each of these has its........
