Tuesday, August 5, 2014
How We Could Use Carbon Dividends To Reduce Carbon Emissions
This article describes a unique approach to the reduction of carbon emissions. It has several unique advantages. It does not provide more tax revenue to government; that should please Republicans. It also functions like a progressive tax. Democrats might like that idea. More importantly, it removes one of the most powerful objections to climate policy. Most people don't respond well to proposals that require them to endure present pain in order to provide benefits to future generations. They get immediate benefits from the dividend payouts.