A Progressive Case for a Carbon Tax-and-Dividend Scheme
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3P is proud to release its sixth major paper. In this paper, Mark Paul and Anders Fremstad argue for a carbon tax equal to $230 per ton of CO2. Such a tax would produce a $2,237 per-capita dividend that, once paid out to every American, would significantly reduce overall inequality in the country. This kind of tax is necessary to keep the world from warming by more than 2.5C.