Implausible fantasy of the day

Ban Carbon Emissions, Don’t Price Them.

However, I do think cap-and-dividend has some merits... many of which are shared, incidentally, by the Waxman-Markey bill, which behaves more like cap-and-dividend than most people give it credit for (~80% of revenues are effectively rebated to consumers). The only major difference is how the dividends are allocated, a subject on which reasonable people could disagree (for example, "it's progressive" doesn't play as well with libertarians).

Note: I liked an analogous idea as a politically feasible gas tax that was proposed a few months ago.