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Saturday, June 27, 2015

VIDEO: Ten Ideas to fix the economy, #9.

MAKE POLLUTERS PAY US


To see this video directly on YouTube: https://www.youtube.com/watch?v=7lBWNuZCefU


Instead of investing in dirty fuels, let’s start charging polluters for poisoning our skies – and then invest the revenue so that it benefits everyone.

Each ton of carbon that’s released into the atmosphere costs our nation between $40 and $100, and we release millions tons of it every year. 

Businesses don’t pay that cost. They pass it along to the rest of us—in the form of more extreme weather and all the costs to our economy and health resulting from it. 


We’ve actually invested more than $6 trillion in fossil fuels since 2007. The money has been laundered through our savings and tax dollars.

This has got to be reversed.

We can clean our environment and strengthen the economy if we (1) divest from carbon polluters, (2) make the polluters pay a price to pollute, and (3) then collect the money. 

ROBERT B. REICH, Chancellor’s Professor of Public Policy at the University of California at Berkeley and Senior Fellow at the Blum Center for Developing Economies, was Secretary of Labor in the Clinton administration. Time Magazine named him one of the ten most effective cabinet secretaries of the twentieth century. He has written thirteen books, including the best sellers “Aftershock" and “The Work of Nations." His latest, "Beyond Outrage," is now out in paperback. He is also a founding editor of the American Prospect magazine and chairman of Common Cause. His new film, "Inequality for All," is now available on Netflix, iTunes, DVD, and On Demand.