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Universal Basic Income Could Double Global GDP While Cutting Carbon Emissions (www.zmescience.com)

submitted 7 months ago by [email protected] to c/[email protected]

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[–] [email protected] 23 points 7 months ago (1 children)

UBI: Yes.

Carbon taxes: Yes

Funding the former with the latter: Absolutely not, because the pressure to avoid the carbon taxes would end up underfunding the UBI.

[–] [email protected] 1 points 7 months ago* (last edited 7 months ago)

Hypothecated taxes are tricky like that. I think they're underrated when it's essentially a user fee, but otherwise, no, it's an old-timey idea for a reason.

Fun fact, in Canada we have a carbon tax that goes right back out as cheques to people, kinda like this but at a lower rate. Currently getting rid of them is the leading candidate's whole platform