Eli has an idea. Usual disclaimers.

The Overton window on this is being shoved too and fro. On the one hand in the US there is a real shift in public opinion toward reality on climate change to it is real, and we must do something about it. The Green New Deal has a bunch of momentum going for it. On the other hand the French gilets jaunes have been raising holy hell in the streets of Paris.





Thus Eli Rabett's simple plan: Pay the first year dividend without collecting the tax. Institute the tax in the second year. Where will the money come from the bunnies ask. Well, think of it as the infrastructure week that the US did not have. It's an investment, and more will be needed for supporting research and new infrastructure like new nuclear plants and electrical distribution networks.

So back to the beginning. Fee and dividend was an idea popularized by Jim Hansen, the idea being that there would be a revenue neutral carbon tax with the revenue being returned to citizens. In the US this has been taken up by the Citizens Climate Lobby among others including a whole bunch of economists who argue for a carbon fee and dividend plan . CCL calls for a 100% monthly per person dividend and a border adjustment which would cover the carbon generated in the production and transport of imports. (Eli notes he was one of the first bunnies to talk about the border adjustment feature in the 2007 Eli Rabett's Simple Plan to Save the World ).