Re:Big Coal Plants Begin to Close
by gambiting on Saturday August 17, 2019 @03:28PM
(#20725812)
And one won't be implemented for the same reason why coal boilers haven't been banned yet - "think of the poor people - if they cannot afford their coal for winter how will they stay warm?".
[ Parent
| on HN ]
Any serious carbon tax scheme proposed is income neutral; a tax-and-dividend system.
Can you explain how it would work in this case please?
Re:Big Coal Plants Begin to Close
by godtoldmetodoit on Tuesday August 20, 2019 @09:42AM
(#20746895)
You tax carbon at say, $40 a ton. You then distribute any revenue from the tax as a dividend to every adult in the country.
It results in a net increase in purchasing power for your most vulnerable citizens.