Submitted by ILikeNeurons t3_11che1x in science
LordFoulgrin t1_ja7oq21 wrote
Reply to comment by ILikeNeurons in Cross-national analysis of attitudes towards fossil fuel subsidy removal by ILikeNeurons
"Aren't carbon taxes necessarily a burden on the poor? Aren't they going to create even more inequality?
Not if they are well implemented.
One of the cool properties of Pigouvian carbon taxes is that they fix the climate change problem in and of themselves, and the tax revenue can be used for any purpose. If we redistribute this tax revenue to households, we can make it so that the burden of the tax fall on society exactly the way we want! If the tax is used to fund tax cuts to the rich then yes, it is likely that the tax will be a huge burden on the poor. But if we redistribute the tax entirely to the low-income households, it can actually reduce inequality."
This is from the FAQ you posted. So it could be a relief for your wallet, IF it's implemented well. Individual support of carbon taxes will be greatly influenced based on how each person views their government's capability to implement those taxes well.
Mikel_S t1_ja7qbmr wrote
Haha now I'm imagining the carbon taxes being redistributed as tax credits to the companies which paid them, making the whole exercise moot.
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