Quote from: K-Dog on Apr 16, 2024, 12:34 AMA tax on carbon paid to all citizens (with which they can buy anything they want) What would happen?
Although I agree a Carbon tax is an essential component of reducing consumption of FFs, like all end-user sales taxes it's highly regressive and hits low income people much harder than it does the rich. Fuel for transpotation to work and home heating consumes a much larger percentage of a min wage worker than it does a CEO. While the Starbucks barrista may not be able to afford gas for the beater he drives to work to serve lattes to the CEO, the CEO will still easily have plenty of money to buy fuel for his Private Jet to fly down to Brazil for afternoon coffee break and have his coffee brewed from beans recently picked and roasted on his plantation just outside of Rio.
How would you structure the carbon tax scheme to in a progressive manner so that it hits the rich harder than the poor?
RE