First,
the federal government would impose a gradually increasing tax on
carbon dioxide emissions. It might begin at $40 per ton and increase
steadily. This tax would send a powerful signal to businesses and
consumers to reduce their carbon footprints. Second,
the proceeds would be returned to the American people on an equal basis
via quarterly dividend checks. With a carbon tax of $40 per ton, a
family of four would receive about $2,000 in the first year. As the tax
rate rose over time to further reduce emissions, so would the dividend
payments. Third,
American companies exporting to countries without comparable carbon
pricing would receive rebates on the carbon taxes they’ve paid on those
products, while imports from such countries would face fees on the
carbon content of their products. This would protect American
competitiveness and punish free-riding by other nations, encouraging
them to adopt their own carbon pricing. Finally,
regulations made unnecessary by the carbon tax would be eliminated,
including an outright repeal of the Clean Power Plan.
Has anyone ever heard of the Government "returning" money! Are they living in some alternate universe. Also, again, unlike Harvard Professors, what of the poor person living pay check to pay check. Tax the hell out of everything and then a year later perhaps send them a check. That may have starved to death by then!
Why not solve the problem. Like engineers do! Perhaps that is why Harvard has no Engineering school, it would harm the economists!
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