More excitement! At the recent Citizen's Climate Lobby International Conference in Washington, D..C, a presentation was made of the study from Regional Economic Models, Inc., who examined the impact of a steadily-rising tax on carbon-based fuels (ie., coal power plants and other carbon dioxide emission-producing industries). The study found that by charging these (coal) industries $10 the first year (beginning in 2016) for 1,000 pounds of carbon dioxide, $20 the second year, $30 the third year and so on, that after 20 years the tax would reduce greenhouse gas emissions by 52 percent and add 2.8 million jobs to the economy! Tax monies collected would all be in a separate, non-government fund -- from which monthly tax rebates to all U.S. citizens would be made. Something in the neighborhood of $100-$200 a month to each person would be rebated the first year. This monthly amount would increase every year as higher levels of tax were collected, such that by the end of 20 years, some $500-$600 or more per month would be returned to every U.S. household. Not only would the air get cleaner, but there would be a huge number of jobs created, people would have more money to spend, plus a large impact on global warming -- I call it global chaos -- would be made. Four big 'wins' for mankind and planet Earth! Again, exciting! Let's get going!
David M. Scheer