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Comment 179 for Auction Proceeds Investment Plan Public Process (investplan2015-ws) - 1st Workshop.
First Name: Steve
Last Name: Birdlebough
Email Address: affirm@friendshouse.org
Affiliation:
Subject: Disadvantaged Communities
Comment:
The greatest need of disadvantaged communities is a steady source of income, and so I suggest that some or all of cap and trade proceeds should be widely distributed to offset higher energy costs to families. Such a dividend would tie the price of carbon price to equity and climate justice. If used to establish a State Earned Income Tax Credit it would eventually assure people who need it most a basic income, and become an important source of buying power at the base of the economy. The long-term strength of the Cap-and-Trade program depends upon the ways that proceeds are spent. It is difficult to produce quantitative analyses of ways that projects will assist disadvantaged communities by geography or income or a showing of ways that recipients will effect emission reductions, yet without convincing data the program will be vulnerable. Already there are concerns that the Cap-and-Trade funds are turning into a slush fund for politicians. California is leading the nation in carbon pricing. It is important to build a strong economic constituency for the program. Sincerely, Steve Birdlebough Santa Rosa
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Date and Time Comment Was Submitted: 2015-09-01 17:17:19
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