Nature advocates a magical carbon dioxide hoax tax that would simultaneously prevent bad weather, be revenue neutral, provide revenue to pay down the debt, provide a pile of cash that could be redistributed, and not cost anybody anything

America’s carbon compromise : Nature News & Comment

The numbers are not negligible. An analysis conducted in August by economists at the Massachusetts Institute of Technology (MIT) in Cambridge showed that a carbon tax of US$20 per tonne of carbon from fossil fuels, if instituted in 2013 and increased by 4% per year, would raise $1.5 trillion over the course of a decade. Averaged out, this amounts to $150 billion annually — a sizeable chunk of the trillion-dollar deficits that the US government has been running in recent years. Scholars at the Brookings Institution, a centrist think tank in Washington DC, advocate ramping federal investments in energy research up from $3.8 billion now to $30 billion annually, to drive down the cost of low-carbon energy (including cleaner-burning coal). It is an ambitious proposal, and would leave a pile of cash that could be redistributed elsewhere for beneficial use.
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Conservatives loathe taxes, and US politicians obsess over energy prices, but a revenue-neutral carbon tax would get around these problems....As US politicians contemplate diving into the fiscal abyss, they would be wise to consider a painless policy that benefits everyone.