Proposed carbon tax plan would return proceeds to people once goals are met

It could put the American fossil fuel industry on a clear path to extinction.

Photo credit: Roman Khripkov on Unsplash
  • A bipartisan group of renowned economists has proposed the U.S. implement a carbon tax.
  • The tax would increase until climate goals are met, and all proceeds would be given back to the people in equal lump-sums.
  • Recent research suggests that a majority of people would support a carbon tax policy that redistributes proceeds back to citizens.
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Wealth inequality is literally killing us. The economy should work for everyone.

This economy has us in survival mode, stressing out our bodies and minds.

  • Economic hardship is linked to physical and psychological illness, resulting in added healthcare expenses people can't afford.
  • The gig economy – think Uber, Lyft, TaskRabbit, Handy – is marketed as a 'be your own boss' revolution, but it can be dehumanizing and dangerous; every worker is disposable.
  • The cooperative business model can help reverse wealth inequality.
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What is the Green New Deal?

The Green New Deal is an ambitious attempt to fight climate change, but is it destined to hit the political skids?

Alexandria Ocasio-Cortez stops by the Sunrise Movement's sit-in protest at Congresswoman Nancy Pelosi's office. Credit: Sunrise Movement / Twitter
  • Recent protests by the Sunrise Movement have taken the Green New Deal from forgotten policy to trending hashtag.
  • The Green New Deal aims to move the U.S. to 100% renewable energy within a decade.
  • Proponents also hope to catalyze a top-down restructuring of the U.S. economy and advance social justice issues.
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Student debt: An American horror story

Hold the press... college might be a bad idea. Unless we change something.

  • College went from being a beneficial step in a young person's life to a huge financial burden for decades into their life.
  • Since the 1970s, the cost of education has gone up between 400–1200%, depending on the kind of school you go to.
  • Can we turn it around? Only societal change — and a good hard look in the mirror — can really make college a better move for young Americans.
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China will overtake the U.S. as world’s top economy in 2020, says Standard Chartered Bank

The report also predicts India's economy will surpass the U.S. by 2030.

  • The Standard Chartered Bank, a British multinational banking and financial services company, recently issued a report to clients outlining projections about the world economy up until 2030.
  • The report predicts Asian economies will grow significantly in the next decade, taking seven of the top 10 spots on the list of the world's biggest economies by 2030.
  • However, the researchers formed their predictions by measuring purchasing power parity at GDP, which is an approach that not all economists would use in these kinds of projections.
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