Whoa... Hold on now...
What's this all about?
February 8, 2017 |The Atlantic
The United States has a problem: runaway climate change, which will degrade or damage agriculture, biodiversity, coastal cities, and the social politics of some of the most volatile regions of the world. Climate change is a function of how much heat-trapping carbon dioxide is in the atmosphere. The more CO₂ people emit, the more the planet warms. But in an unregulated market, there’s no mechanism to keep people from emitting carbon dioxide, because it is cheap.
So, et voilà, you invent just such a mechanism. You create a Pigovian tax—a simple tax on an economic externality—that you impose at the places where potential carbon emissions enter the economy: the ports, the refineries, the coal mines. For every ton of carbon dioxide emitted, you charge the emitter $40 to account for the warming caused by the gas. Then, to keep from depressing the economy, you rebate the money from that tax back to Americans in the form of a quarterly check.
Co-authored by a who’s who of conservative elder statesmen, this public statement marks the first time leading Republicans put forth a concrete, market-based climate solution.
They who control the message... controls the money...