Since the proposal isn’t yet decided between permits or pricing, I think a more appropriate name would be “carbon dividend;” “cap-and-dividend” only describes permit systems. I’d prefer a price model, which better corresponds to the fact that carbon has a real cost, and is less susceptible to gaming.

Let’s hope this passes! I agree this is one of the most likely paths to basic income.

Written by

Economist. Founder and president of the UBI Center. Studied at MIT and UC Berkeley. YIMBY. Former Google data scientist.

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