Improving social welfare and tackling climate change are generally viewed as different policy tracks. But now a novel policy idea aims to tie them together.
“Carbon dividends” pair environmentalism with economic well-being by implementing a carbon tax and then distributing the bulk of the resulting revenue equally among all residents. The idea, which is receiving attention on both coasts and both sides of the political aisle, could represent the most viable path toward a carbon tax in the United States, as well as the beginnings of a universal basic income.
Analyses by Regional Economic Models Inc. show that the average American […]
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