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The wealthy will likely gain by climate change, already there is a wall of money looking to benefit from sustainable and transition finance. Not so well off pe

• Forbo 5y ago
  Tax carbon, then pay out what is collected evenly among all tax payers. The poor would stand to gain financially in that arrangement.
• throwaway894345 5y ago
  > The wealthy will likely gain by climate change, already there is a wall of money looking to benefit from sustainable and transition finance. I can't tell what point you're making. Do you mean "the wealthy will likely gain by combatting climate change"? If so, no doubt some will benefit from it, but they won't benefit as much (in the short term) as they would if they continued to externalize costs into the environment. > Not so well off people might - correctly - see that they will be disproportionately hit. I don't buy this at all. There's no fundamental reason that carbon policies would disproportionately impact the lower and middle classes and indeed many of the policy proposals are expressly designed to minimize or negate the burden imposed on those classes. The only reason policies tend to increase the burden on those classes is because the upper classes lobby accordingly.