That was tried in Ontario (cap and trade), but there was enough misinformation going around that the general populace thought it was just a standard tax on individuals.
Washington State does cap and trade on industry. And yes, it has just become a 'standard tax' on individuals passed from industry to the pump to the tune of 40-50 cents/gal. While I agree that it is important to reduce consumption of fossil fuels, the infrastructure isn't there to enable people to commute from lower-cost areas of living to higher-cost areas of working.
This will likely be repealed by voters via initiative[0] this fall.
Did the people there start getting money every month into their bank account (the “dividend” part)? If not, I imagine that that would’ve cleared that misinformation up rather quickly.
nullindividual|2 years ago
This will likely be repealed by voters via initiative[0] this fall.
[0] https://www.seattletimes.com/seattle-news/environment/initia...
More fun reading on our defacto gas tax:
https://www.king5.com/article/news/investigations/former-wsd...
ericd|2 years ago