> Naturally this means nothing for the ruling class and is devastating to the middle and lower classes. People are getting refunded: > Each resident in Austri

> Naturally this means nothing for the ruling class and is devastating to the middle and lower classes. People are getting refunded: > Each resident in Austria will get an annual reimbursement, with the exact amount determined by where they live to ensure those in rural regions without good public transport don’t lose out. Children are entitled to half their parents’ amount — so a family of two adults and two children in Vienna could expect to get 300 euros ($358) for example. The price on carbon is simply a price signal to show how much damage the environment something is doing. Presumably people will switch to cheaper, i.e., less damaging, goods and services. Carbon pricing being regressive is by no means a foregone conclusion: > The literature on the distributional impacts of climate policies provides ambiguous results. Many studies find an overall tendency for regressive impacts (Araar et al. 2011; Gonzalez 2012). Others detect mostly regressive findings for developed countries while developing countries show an inconsistent picture with a tendency towards proportional or progressive impacts (Verde and Tol 2009; Wang et al. 2016). Nevertheless, progressive impacts have also been shown for developed countries like Australia (Sajeewani et al. 2015), Canada (Dissou and Siddiqui 2014) and Spain (Labandeira et al. 2009). * https://link.springer.com/article/10.1007/s10640-020-00521-1 https://link.springer.com/article/10.1007/s10640-020-00521-1 Implementation details matter, and there are ways for progressive results: * https://taxjustice.net/2020/06/30/carbon-taxes-can-be-progressive-myth-busting-and-mainstreaming-carbon-taxes/ https://taxjustice.net/2020/06/30/carbon-taxes-can-be-progre... * https://thehill.com/opinion/energy-environment/550691-economists-a-us-carbon-tax-would-be-progressive https://thehill.com/opinion/energy-environment/550691-econom... > So if you’re aiming for the most net-progressive tax, you use the revenue for rebates — helps the low-income, raises taxes on the high-income. If you’re aiming to appeal to the middle class, you use the revenue for payroll tax reductions — helps the middle, increases taxes on either end. * https://www.vox.com/energy-and-environment/2018/7/20/17584376/carbon-tax-congress-republicans-cost-economy https://www.vox.com/energy-and-environment/2018/7/20/1758437... * https://www.energypolicy.columbia.edu/research/report/distributional-implications-carbon-tax https://www.energypolicy.columbia.edu/research/report/distri...