Question: Former Secretary of Labor Robert Reich has advocated for a
Former Secretary of Labor Robert Reich has advocated for a cap- and- trade program for greenhouse gases. Under Reich’s proposal, the government would auction off the permits and distribute the revenues in a lump sum fashion to every adult citizen [ Reich, 2008]. What are the implications of this plan for excess burden? If you were interested in reducing excess bur-den, how would you distribute the revenues?
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