Want to spur innovation? Tax carbon

It’s not easy reading, but this is a brilliant article nonetheless. If you have time I highly recommend you read it, because if offers a comprehensive solution to many of America’s problems at the moment. Here’s a quick overview:

Resetting the US economic engine along the lines of open-market sustainability should have outsized positive impacts on jobs, national security, health, innovation and the global ecosystem.

A sustainable tax shift would generate revenue for government operations from material, energy and natural resource inefficiency and reduce the percentage of revenue that comes from traditional sources, most especially individual income, payroll taxes and business income from small- to medium-size enterprises. Needless to say, reducing the tax burden on hard-working Americans and job-producing small businesses would likely prove popular politically.