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by spiralx 1661 days ago
You pair the tax with a redistributive dividend to ensure that the change is neutral for the least well-off.

https://www.lse.ac.uk/granthaminstitute/news/why-carbon-divi...

https://www.scientificamerican.com/article/carbon-dividends-...

1 comments

So, means testing?
As implemented in Canada, no; all carbon tax dividends (less an amdminisrration fee?) are distrubuted equally to citizens. At least that’s my understanding. I haven’t studied it deeply.

The net result is that the people with the lowest carbon footprint make a profit and the ones with the most take a loss. Seems like a reasonable approach to me.