5 ms·
> This is something engineers like us could easily afford in our personal lives This is a clue on why just carbon tax won't do. An extra tax would hit the peop
by paraschopra 7y ago
> This is something engineers like us could easily afford in our personal lives
This is a clue on why just carbon tax won't do. An extra tax would hit the people who're most economically stressed while the top 10% will continue living their lives as is. Any tax on carbon should be accompanied with a negative tax or UBI for the low income earners. Moreover, since 50% of emissions are done by the top 10% income earners [1], there should ideally be a higher income tax which should direct go into funding R&D of carbon capture systems.
[1] https://www.oxfam.org/en/research/extreme-carbon-inequality https://www.oxfam.org/en/research/extreme-carbon-inequality