It does appear that the former Sec’y of Labor recommends a “carbon auction,” under which polluters bid for the right to emit, and everybody shares equally in the proceeds. If there is a need to reduce carbon emissions, this does seem to be the way Henry George would recommend it be done.
Reich rejects a carbon tax because “I can’t imagine any politician calling for higher taxes affecting the middle class, or for that matter the middle class – already squeezed by high energy prices and stagnant wages – putting up with it. ” Kind of sounds like Jeff Smith, but with clout. Of course, Reich wants to share only a tiny piece of the commons, whereas Jeff wants to share all of it.