> Normal every day citizens end up footing the bill for corporations.
Corporations are made of people. It's all just people doing things. Taxing anything is always taxing people which is a non-interesting statement.
> Corporations are made of people. It's all just people doing things. Taxing anything is always taxing people which is a non-interesting statement.
This is a ridiculous point. Surely you understand the different between things like income, sales, estate, capital gains, and corporate taxes? They all affect radically different individuals. I absolutely do not think that poor people should pay to clean the earth for the elites.
Making it costlier for consumers and corporations to pollute the environment so that they change their practices to more sustainable options is the whole point of the carbon tax.
Building infrastructure would be insanely expensive to build with a carbon tax.
That sounds like a feature as consumption is one of the core problems.
> Normal every day citizens end up footing the bill for corporations
Corporations are serving demand. You could say citizens end up paying a more accurate cost for their consumption, with environmental costs properly accounted for.
And we could redistribute the tax revenue back to the citizens, starting with those who are suffering most and are least responsible for the climate emergency.
You can (and should) debate what the exact numbers should be, but we already do this today with tax credits and welfare for the poor. It's a a solved problem.
See my sibling comment. This is dramatically underestimating the economic damage to those with lower income. Literally everything will become more expensive. Things like food, housing, infrastructure, medical care...
> ...but we already do this today with tax credits and welfare for the poor. It's a a solved problem.
Hey man, if you've solved our carbon emissions problem no strings attached you'll have changed the world. How are the current tax credits and welfare systems "solved"? Social Security is expected to collapse in the within 15 years.
So when Exxon gets hit with a carbon tax, what do you think happens? Gas and Oil prices stay the same? Absolutely not! They increase, and consumers end up paying the difference. This doesn't just affect residential energy prices either. Production and distribution prices increase for every good/service consumed. Normal every day citizens end up footing the bill for corporations.