Re:For 110 years, climate change has been in the news
by TheLoafOfBread on Friday August 19, 2022 @11:53AM
(#32522566)
Carbon tax, the ultimate inflation booster.
Re:For 110 years, climate change has been in the news
by random314 on Friday August 19, 2022 @02:30PM
(#32524509)
As if global crop failure will not be a recipe for inflation
Re:For 110 years, climate change has been in the news
by 88840-8855 on Friday August 19, 2022 @10:00AM
(#32521018)
Wondering what your approach is to convince Nigerians and Indians on including a carbon tax and making their struggle into the middle class even more expensive :)
Re:For 110 years, climate change has been in the news
by random314 on Friday August 19, 2022 @02:29PM
(#32524497)
Ooh gotcha! I am stumped.
Indians already pay some of the highest fuel sales tax. And United states has some of the cheapest gasoline rates.
https://www.indiatoday.in/amp/diu/story/nearly-two-third-of-...
If you are concerned about equity, then high carbon footprint countries can transfer the carbon tax revenue to low carbon footprint countries.
The solution to climate change is very cheap and simple. It is a carbon tax. It is also not difficult to implement at all and will cause only modest inflation.
However, the oil industry is a huge influence on governments all over the world and will throw everything at preventing this from happening.
Imagine for a moment that all of the carbon taxes were directed to subsidize EV and solar. All if us would be driving cheap EVs and getting 90% of our electricity from solar sources.