Re:1500 Private Jets Fly to Davos for Climate Talks
by JetSpiegel on Tuesday January 22, 2019 @05:25PM
(#18973231)
The top 10% doesn't have 3 times the wealth of the bottom 10%, it's more like millions or more. If the tax is on gas, why should the group without money shoulder 30% of the cost? Just charge all the money to the top 10% and all can benefit, it's almost a rounding error for them.
Re:1500 Private Jets Fly to Davos for Climate Talks
by evandijk70 on Wednesday January 23, 2019 @06:19AM
(#18977331)
From the grandparent post:
- If you are at the 10th income percentile, you make $11/hr and society now expects 9 hours of labor from each adult in your household a year to pay for energy transition
- If you are at the 90th income percentile, you make $29/hr, society expects you to work 3.4hrs a year to pay for transition.
The bottom 10% earns 38% of what the the top 10% earns, and pays 30% of the cost. A carbon tax is a progressive tax according to these calculations.
The wealthiest 10% of Americans by income spend ~$3,000/year on gas, while the poorest 10% spend only $870/year. So looking at only gas purchases, the wealthy do consume much more gas. This could be caused by differences in vehicles (bigger/luxury cars are more expensive and typically consume more fuel), fuel grade (premium vs regular gasoline), and distance driving (poor Americans are just not driving as much).
https://www.bls.gov/cex/2017/combined/decile.pdf