Hacker News new | ask | show | jobs
by senseless 3240 days ago
You're right, but the dividend portion of the plan linked in the top parent is meant to address the consumer's added cost. Poorer people would see higher benefit since they spend the least on carbon products but the revenue is returned equally.

Also see this paper, which is actually arguing for a slightly different system called cap-and-dividend but with the same outcome in mind: http://www.peri.umass.edu/fileadmin/pdf/working_papers/worki...

A plan such as tax-and-dividend or cap-and-dividend also breaches the political divide and shows that both sides can get what they want in a single sensible system. Yes, certain lawmakers will still spitefully resist as they always do.