Following up on an paper posted earlier this week on disproportionate carbon emissions based on income. This article, by one of the paper’s authors, proposes the possibility of imposing carbon tax on investment income as a more equitable means of influencing emissions.
Instead of putting the responsibility for cutting emissions on consumers, maybe policies should more directly tie that responsibility to corporate executives, board members, and investors who have the most knowledge and power over their industries. Based on our analysis of the consumption and income benefits produced by greenhouse gas emissions, I believe a shareholder-based carbon tax is worth exploring.
Which article? Was there meant to be a link?
Also, and I must say I haven’t kept updated on the topic, I thought the idea of a carbon tax is to tax the emitters of greenhouse gases? Tax the companies responsible for most of the emissions. If they can’t find a cheap way to do it they will increase prices of their products and lose out to competitors who can cheaply limit emissions?
Just updated with the link to the article, apparently it had gotten removed when I also added an image ¯\_(ツ)_/¯
Regarding the carbon tax, the article talks more about it, but in short, taxing emitters, even with a dividend, puts more pressure on lower income families, whereas taxing investors more proportionally keeps the pressure on higher income individuals, especially those in the top 0.1% who likely have significant sway over business decisions.