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I think resistance to a carbon tax is more complicated than that, at least in the U.S.. You've got a large and vocal minority that doesn't believe climate chan
by elihu 5y ago
I think resistance to a carbon tax is more complicated than that, at least in the U.S.. You've got a large and vocal minority that doesn't believe climate change is an issue in the first place. Of the people that are concerned about climate change, some are worried about the cost to themselves, and some are worried about the cost to others. I'm pretty well off (not wealthy, but middle-class) and I don't think a carbon tax would affect me much at all. But for some people it would be a big deal. I'm in favor of a carbon tax, but I understand the argument that it's recessive and is basically paid out disproportionally by the poor, because they spend a larger percentage of their income on gas and electricity.
I think a carbon tax offset by a tax credit for lower-income taxpayers would be a reasonable option.
I see cap-and-trade as the sort of arbitrarily-complicated system that Congress creates when they want to shake down an industry for campaign contributions. If it gets us less CO2 emissions I guess it's worth it, but still it's kind of gross.