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They also seem unpopular in France, see the yellow vest riots in 2018. Consumption taxes in general disproportionately affect the poor.
by dmm 5y ago
They also seem unpopular in France, see the yellow vest riots in 2018. Consumption taxes in general disproportionately affect the poor.
- paulsutter 5y agoCarbon taxes should start out very small, and phase in gradually over the equipment replacement period (at least 20-30 years?) Carbon taxes need to drive a shift in planning - on the planning time horizon - for everything that emits carbon
- DennisP 5y agoSo don't pay your carbon tax into the general fund. Pay the revenue out as a dividend, equal amount per capita. If you emit less CO2 than average you come out ahead. Poor people tend to emit quite a bit less than rich people; they buy less, ride the bus more, live in apartments or smaller houses, etc.
- bequanna 5y agoIf you want to go down this road you should be looking at % of income spent on carbon taxes. Maybe some “carbon allowance” would then be afforded so the lower income people that qualify could claim a deduction on their personal income tax return.
- DennisP 5y agoLower income people would already be turning a profit. Anyone with lower-than-average emissions would get more in their monthly dividend check than they pay in total carbon fees.
- stainforth 5y agoCarbon taxes do not have to equal consumption taxes.