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The top 10% doesn't have 3 times the wealth of the bottom 10%, it's more like millions or more. If the tax is on gas, why should the group without money shoulde
by JetSpiegel 8y ago
The top 10% doesn't have 3 times the wealth of the bottom 10%, it's more like millions or more. If the tax is on gas, why should the group without money shoulder 30% of the cost? Just charge all the money to the top 10% and all can benefit, it's almost a rounding error for them.
- evandijk70 8y agoFrom the grandparent post: - If you are at the 10th income percentile, you make $11/hr and society now expects 9 hours of labor from each adult in your household a year to pay for energy transition - If you are at the 90th income percentile, you make $29/hr, society expects you to work 3.4hrs a year to pay for transition. The bottom 10% earns 38% of what the the top 10% earns, and pays 30% of the cost. A carbon tax is a progressive tax according to these calculations.