> I suspect it will be seen as wealth redistribution by creating a new tax and thus would not be supported by most conservatives. Former Federeal Reserve Chair

> I suspect it will be seen as wealth redistribution by creating a new tax and thus would not be supported by most conservatives. Former Federeal Reserve Chairs Alan Greenspan, Ben Bernanke, Paul Volcker, and Janet Yellen (now at Treasury)—plus thousands of economists and dozens of Nobel laureates—signed support for carbon pricing: > V. To maximize the fairness and political viability of a rising carbon tax, all the revenue should be returned directly to U.S. citizens through equal lump-sum rebates. The majority of American families, including the most vulnerable, will benefit financially by receiving more in “carbon dividends” than they pay in increased energy prices. * https://clcouncil.org/economists-statement/ https://clcouncil.org/economists-statement/ Not that logic is used much nowadays in the GOP, but if Greenspan of all people can sign onto it…