future. vaughn hillyard, beaver dam, wisconsin. joining me now is jake levine, former energy and climate aide to president obama. i had michael mann on last hour talking about the environment and one of the things was the u.n. climate report and one of the things he said could jumpstart progress on fighting climate change is to put a price on carbon from a policy standpoint. what would that look like? reporter: well, there is plenty nice to be here, katie, happy black friday. there are plenty of ways that policymakers have sought to price carbon. the most straightforward way that you ve probably heard of is a carbon tax. and that s something that even republicans have proposed in our latest congress. there are other pricing mechanisms in california. we have a system here called cap and trade, which sets a cap in terms of the amount of emissions that certain industries are allowed to emit.
basically a stylus. people change. apple is about new products but they use the same pricing mechanisms that we have had since we have ever made products. if the pencil is $99 and based on the prospect theory that if it s just a few dollars short of $100 you think it s a better deal than le $80. you got that s pretty expensive. we use pricing to trick our simple minds. you re going to lose that pencil. when i look back at the watch and now this, i understand why the price went down. people are like what are you doing? they re yelling at me. we got to go. people will be stealing that pencil. next, warren buffett on trump-a-nomics. verizon now has one simple plan. just pick a size.
i m not a communist, but i do like a little government intervention in my world. i am actually a little shocked that a country that has such a massive government can t control this. it s the problem with china s communist system, which is very interesting in the sense that it is supposed to be top down, but really it s more bottom up, and you have these local officials who are able to avoid things. for instance, you talked about no inspectors in these plants. that is absolutely critical, because you re going to see local officials, because they want to make money, are going to do all sorts of things at these four facilities, because no one at the usda is there. but even if they put a single or so inspector, those guys are going to get bribed easily. this is really a problem. it s just endemic. an important point about communism, it s terrible about information. it mangles information, because there s no pricing mechanisms the anywhere. so, you know, you re not going to see developm