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You pair the tax with a redistributive dividend to ensure that the change is neutral for the least well-off. https://www.lse.ac.uk/granthaminstitute/news/why-c
by spiralx 5y ago
You pair the tax with a redistributive dividend to ensure that the change is neutral for the least well-off.
https://www.lse.ac.uk/granthaminstitute/news/why-carbon-dividends-are-having-a-moment/ https://www.lse.ac.uk/granthaminstitute/news/why-carbon-divi...
https://www.scientificamerican.com/article/carbon-dividends-a-win-win-for-people-and-for-the-climate/ https://www.scientificamerican.com/article/carbon-dividends-...
- derekjdanserl 5y agoSo, means testing?
- jdlshore 5y agoAs implemented in Canada, no; all carbon tax dividends (less an amdminisrration fee?) are distrubuted equally to citizens. At least that’s my understanding. I haven’t studied it deeply. The net result is that the people with the lowest carbon footprint make a profit and the ones with the most take a loss. Seems like a reasonable approach to me.