All you do is turn it into a flat check that everyone gets once a year. The rich would literally subsidize everyone else. Most people would make money from the tax.
Also, you add in a cap and trade market and eventually reduce the limit to zero. Credits can’t be generated unless you literally bury non-volatile, non-decomposing carbon 500 meters or more under ground.
It still needs to be way steeper than current carbon taxes are. Who wants to get a yearly check for $50 just to let billionaires destroy the planet? We’d all be better off if they were too scared to do it in the first place.
All you do is turn it into a flat check that everyone gets once a year. The rich would literally subsidize everyone else. Most people would make money from the tax.
Also, you add in a cap and trade market and eventually reduce the limit to zero. Credits can’t be generated unless you literally bury non-volatile, non-decomposing carbon 500 meters or more under ground.
It still needs to be way steeper than current carbon taxes are. Who wants to get a yearly check for $50 just to let billionaires destroy the planet? We’d all be better off if they were too scared to do it in the first place.
For sure