California State Senators have introduced a bill that would establish a carbon “cap-and-trade” system and distribute a large portion of the revenues as a dividend to all state residents, that is, as a type of basic income.
California State Senator Bob Wieckowski and Senate President Pro Tempore Kevin de León (both members of the Democratic Party) have introduced the proposed legislation SB 775, which would establish a floor and ceiling on the price of carbon in the state. The policy would go into effect in 2020, with the price floor and ceiling increasing incrementally each year.
Among US states, California […]
Full Post at basicincome.org