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James Hansen is the head of NASA GISS. His plan is:Carbon Tax and 100% Dividend1. Tax Large & Growing (but get it in place!)- tap efficiency potential & life style choices2. Entire Tax Returned- equal monthly deposits in bank accounts3. Limited Government Role- keep hands off money!- eliminate fossil subsidies- support technology development (no Manhattan projects!)- change profit rules and motivation for utilities- watch U.S. modernize & emissions fall!http://www.columbia.edu/%7Ejeh1/mailings/20080604_TaxAndDividend.pdfEssentially he wants to raise the price of carbon emissions via a carbon tax, but return all the tax money to consumers. The higher price of carbon fuels will encourage people to consume less fossil fuels. People who consume less than average will come out ahead (make money on the deal), people who consume above average will lose money (since everyone gets an equal fraction of the dividend).What do you think?
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