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We are all on the same planet and we'll all suffer as temperatures rise. Let's agree that a carbon tax should be revenue neutral (via a dividend), and not fund
by millstone 8y ago
We are all on the same planet and we'll all suffer as temperatures rise.
Let's agree that a carbon tax should be revenue neutral (via a dividend), and not fund either a progressive or conservative agenda. The purpose of the tax is to internalize CO2 externalities. Other issues can be hashed out on their merits.
- spangry 8y agoAgreed. Carbon pricing works via substitution effects: carbon-intensive goods become relatively more expensive so people substitute towards less carbon-intensive goods, all other things equal. Tax revenue hypothecation hardly ever makes sense anyway, as tax revenue is fungible.
- icebraining 8y agoHow would that dividend work?