"A Small Price for a Large Benefit"

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Introduction and Summary One of the hottest issues of today is climate change. The increasing evidence for the danger caused to our planet by global warming is still faced with many who doubt, but the main point of Robert H. Frank's New York Times article, "A Small Price for a Large Benefit" is that the pressing nature of this issue ultimately doesn't leave any time for doubt. The article is based on evidence given by the Integrated Global Systems Model at MIT, which predicts how much an increase in overall global temperature will be by the end of the century. If the evidence given is true, then we are heading downhill fast and need to make some quick changes in order to survive on this planet. If the evidence isn't true, then we've spent some money on a risk that didn't actually come to pass. Frank's point is that marginal money spent on prevention of a potential problem isn't a big cost to spend. Analysis The argument this article makes is that a carbon tax is a small price to pay for the benefit of keeping planet Earth inhabitable through the next century. If we l...

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