And I would be in favor of that.
Except we both know that is not what we'd get.
There'd be exceptions for "favored" industries, well represented in Washington, and additional levies on those who are not so popular. The "dividend" would not be for "all" citizens, but denied some based on income since they don't "need" it, and enhanced for others because higher prices will hurt them more proportionately. Only 5% for R&D? Ha! Yeah, like they wouldn't attack that as well. In all of history, ave any politicians ever been able to contain themselves with such a huge grab bag of funds sitting there? There are more phony green companies that need special help.
A great dream, my friend. But just that.
Let's reform the tax code to a level where even Tim Geithner could successfully do his own taxes without being a criminal and then we'll talk more. If we can't even do that, then expecting a fair, rational carbon tax is just more folly.
