The best use for U.S. carbon tax money might be to eliminate the payroll tax. Then companies could redirect their creative energies. The payroll tax motivates creative ways to hire fewer Americans. They could instead expend that creative energy on ways to burn less carbon.
It would certainly be a disruptive change, but I think a good public policy hacker could find ways to offset the regressiveness. What we lack is good political leadership.
It would certainly be a disruptive change, but I think a good public policy hacker could find ways to offset the regressiveness. What we lack is good political leadership.