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Carbon taxes are the most efficient way to let the market work out technical solutions to the climate crisis. Period. If you're worried about regressive taxati
by skosch 7y ago
Carbon taxes are the most efficient way to let the market work out technical solutions to the climate crisis. Period.
If you're worried about regressive taxation, check out the fee-and-dividend model, where all revenue is returned to households [0]. This means that for most "regular" people, the carbon tax is actually a tax credit – because most of the pollution is caused by the excessive consumption by rich households.
There is actually a bill before the House now that has a non-zero chance of passing.
[0] https://citizensclimatelobby.org/carbon-fee-and-dividend/ https://citizensclimatelobby.org/carbon-fee-and-dividend/