3 ms·
Hey @PaulHoule, if you were dictator for a day of the world, what would you do to fix climate change long term? (Ie assume it can’t be vetoed or repealed.)
by ianai 3y ago
Hey @PaulHoule, if you were dictator for a day of the world, what would you do to fix climate change long term? (Ie assume it can’t be vetoed or repealed.)
- PaulHoule 3y agoIf I was dictator, it would be a carbon tax that would be rebated to the population overall trying to be revenue-neutral. You get a check for $1500 a year but could be taxed for much more or much less depending on your lifestyle. At $100/ton it seems possible large industrial sites could capture CO2 and pump it underground. That corresponds to a $1 or so a gallon of tax on gasoline which adds about $500 to the yearly running cost. It might have to be more than that though.
- ianai 3y agoSo you'd add a plan/project to do carbon capture on top of that? i.e. The proceeds from the tax would go into funding a CC project. I like it. It sounds like it could be done as a refundable tax credit. The tax credit would be whatever was left (as you said), and the tax would be at the time of purchase?