Re:Why only 2% of Chinese pay any income tax
by HappyRobot on Monday December 03, 2018 @11:14AM
(#18589875)
One aspect of a carbon tax (or the tax discussed in the podcast) is a steady tax increase. I guess the intended function is to have the tax revenue stay the same even with declining carbon use. Hopefully carbon tax revenue would go to zero, but I'm sure there would be other things to tax when that happens.
Initially when the parent comment mentioned the income tax, I didn't remember that it would be used to offset a carbon tax. Their point about discouraging work made sense and was the thing I remembered.
However, I read the transcript of the podcast now, and it turns out it doesn't actually talk about replacing the income tax with a carbon tax, but rather reducing the income tax and offsetting the reduction with an increase of carbon taxes.
That on the other hand is a great idea, it's much like we're doing in Norway already.