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.
Per the article (had to update the link) - it’s the same intent, but this approach shifts the burden of the tax up the income brackets, in theory minimally impacting the cost of purchased goods and services for low and middle income families.
It’s a wealth tax meets carbon tax situation.
Increasing cost of capital which means the business needs to generate a bigger profit which means the price of the product goes up for consumers. Unnecessary dependencies - if you want to do a wealth tax do a wealth tax, if you want to do a carbon tax do a carbon tax