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Honestly, the only impact that will have is that people are poorer in real terms (due to inflation). The overwhelming majority of people will still spend 100%
by AussieWog93 5y ago
Honestly, the only impact that will have is that people are poorer in real terms (due to inflation).
The overwhelming majority of people will still spend 100% of their income on disposable crap - it's just that said income is now smaller.
- lotsofpulp 5y agoAs noted in other responses, the problems of excess fossil fuel consumption and the problem of being poor are separate problems and can have separate solutions. The fossil fuel tax solves excess fossil fuel consumption, and redistribution wealth from rich to poor solved the poor problem.