Why, because only 3/5ths of the money goes back to the people. The article actually provides a pretty good explanation of how the Boxer/Sanders legislation would work (I’ve got it somewhere back in the archives, too), then we get
(Socialist Worker) But Boxer and Sanders undercut the “fee-and-dividend” plan in a crucial respect: Their legislation would only rebate 60 percent of revenues from the carbon fee, leaving the likelihood that consumers would part of the price increases–since energy companies wouldn’t be restricted in any way from passing on the cost.
Worse, the two Democrats make a completely unnecessary nod to “deficit hawks” by proposing that 25 percent of carbon fee revenues be used to reduce the deficit. The real solution to the deficit is taxing the rich.
That’s pretty much the solution to every fiscal problem for the Left, tax the rich. Anyhow, they don’t like that plan. They prefer James Hansen’s 100% rebate idea, but even that has limitations, in that it dares to leave actual decisions in the hands of evil corporations. Let’s jump to the end
Only when we lose respect for those willing to destroy the planet and build a radical environmental movement, with the working class at its heart, will we be able to stop fracking, stop strangling the earth with pipelines, save the planet, dump the oil companies and build a new world based on solidarity and sustainability.
Gee, ya think this is about the healing the planet or about installing far left control mechanisms and government?
