Barbara Boxer wants the government to redistribute another 6,700 billion dollars

Hey, just give half back to "people who need it", then spend the other half on "new technologies of the future"! (She forgot to mention it, but before the redistribution, maybe new bureaucracy and overhead might burn up some of those trillions?)

What measurable climate "benefit" might we expect? Can we trust the federal government to shrewdly allocate our funds only to the very best new technology?

Bill Moyers Journal . Transcripts | PBS

BILL MOYERS: Boxer says a steady stream of income from the sale of pollution permits would flow into the treasury - as much as 6.7 trillion dollars over 40 years.

BARBARA BOXER: And what do we do with it? That's the key. What we do with it is most of it goes back to consumers. Because we know as carbon-reducing power becomes more expensive, it's going to be passed on to people. Plus, until there are new technologies, it's going to be higher costs.

So, we soften the blow. We take those trillions of dollars that come in, and we say to people who need it, "You're going to get a tax rebate. You're gonna get help on your power bill." And we have a deficit reduction trust fund. And that's half. The other half of the money goes to help find the new technologies of the future.
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BILL MOYERS: What happens if we don't act?

SENATOR BARBARA BOXER: If we don't act on global warming, and those alternatives that we need to foreign oil don't materialize, we are forever dependent on, you know, the prince of Saudi Arabia.

We need to get off foreign oil. The best way to do it is to become energy independent. The best way to do that is to embrace global warming legislation. Because, when there is a price on carbon, Bill, people are going to look for alternatives.