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View Diary: The Best Climate Policy is Also the Simplest (61 comments)

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  •  Side benefits, too. (0+ / 0-)

    Applying the tax to imports would finally force manufacturers and retailers to pay for the costs of offshoring to avoid environmental regulation.  Chinese use of coal and Beijing air pollution are abysmal, and the carbon costs of shipping across the Pacific ocean significant.  A universal carbon tax would heavily penalize companies that offshore manufacturing to China, raising the costs of their goods to capture these convenient "externalities" and encourage repatriation of domestic production.

    I've got nothing against the Chinese (really; my father was an ardent Orientalist), but using them as a dumping-ground for low-wage work and environmental damage is bad for both of our societies.  Tax-and-dividend sounds like an excellent treatment.

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