from Robert Reich

Some wealthy financiers (billionaire Tom Steyer, former New York Mayor Michael Bloomber, and former Treasury Secretary and Goldman-Sachs CEO Henry Paulson Jr.) are pushing a carbon tax. Well and good. But putting a price on carbon could make electricity more expensive – imposing a huge burden on the poor and middle class in an era of declining real wages and widening inequality. Yesterday President Obama acknowledged this, warning environmentalists they must "shape our strategies to address the very real and legitimate concerns of working families.” But neither the wealthy financiers nor the President is proposing a solution. Here’s one: The money polluters pay goes into a big fund that’s then divided up and sent to every American, with the amount of "refund" inversely related to income. So, for example, a low income family whose electricity bill goes up $20 a month gets back $40. It's a win-win -- helping reduce climate change and at the same time helping reduce widening inequality. What do you think?

https://www.facebook.com/RBReich?fref=nf