Well, I don’t want to discourage wealth, I want to discourage carbon emissions. It’s not a tax on people, you attribute carbon by tacking the tax on new carbon

Well, I don’t want to discourage wealth, I want to discourage carbon emissions. It’s not a tax on people, you attribute carbon by tacking the tax on new carbon entering the carbon cycle (fossil fuels) at the time of extraction or importation. That adds to the inputs cost of everything that’s fossil-fuel intensive, and the price increase should flow through to the end consumer. For things that are manufactured in countries without an equivalent tax, you do what’s called a border adjustment, essentially a carbon-intensity-based tariff, and to encourage countries to jump onboard with their own carbon tax, and not attempt to disadvantage your manufacturing, you make it a pessimistic estimate. And you can make it revenue neutral (and redistributive) by dividending out all revenue equally, to help offset the price increases. If someone’s carbon footprint is lower than average, they end up ahead.