Cap-and-trade: Consumer gets dividend
06/19/2014 9:06 AM
06/21/2014 8:08 AM
Re "Sticker Shock is coming at the gas pump" (Viewpoints, June 19): With fuel prices rising because of cap-and-trade, it is time to consider the Renewable Neutral Carbon Fee and Dividend. Why? Under cap-and-trade, dividends are returned to the government to choose where the money goes.
Unlike cap-and-trade, under the renewable-neutral fee and dividend program, all the dividends are returned to consumers equally. What a concept. The consumer is free to choose how to spend the money. Free market at its best.
Research by the Regional Economic Model, Inc. shows that as the economy grows, employment rises. As the taxes on fossil fuels increase, so do the monthly dividends for the consumer. The fossil fuel industry would see the light at the end of the tunnel and invest in green energy. Dependence on fossil fuels would decrease.
The earth might be saved.
-- Billie Hamilton, Sacramento
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