A meaningful carbon tariff

A better way to save the planet -- for everybody, for good, and for less....

Four years ago, SOCIETY published my simple yet politically incorrect solution to the great carbon debate. I've attached the article below. It's worth a read even if you're not a policy wonk, and just interested in seeing how we can reduce carbon and raise tax revenues, without trading carbon credits.

A different carbon tax 2017.pdf

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In brief, the best way to reduce carbon is to tax it heavily. At the same time, to make this a 'fair' tax, the regressive nature of a carbon tax must be accompanied by the abandonment of another outdated and regressive tax, Social Security. To wit, add the equivalent of a $2 a gallon federal tax on gasoline to all forms of burning carbon fuels in all forms of vehicles, and eliminate the two 6.25% taxes, one paid by the employee and the other paid by the employer, producing a 12.5% raise for any person earning under $120,000, and giving them the option to reduce their consumption of carbon-based fuels, this saving money and "the environment" and reducing the demand for carbon-based fuels that will, at some point, likely be exhausted. No need to set mileage restrictions on automobiles, i.e., eliminate CAFE standards in their entirety.