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.


Co-founder & CEO of PolicyEngine. Founder & president of the UBI Center. Economist. Alum of UC Berkeley & MIT. YIMBY. CCLer. Former Google data scientist.

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