> Carbon taxes unquestionably fall hardest on the poor, as do consumption taxes generally. Everything from the products purchased by the poor to their modes of transport are more carbon-intensive than the rich.
That's exactly why we would want to link it with a transfer like UBI. If UBI requires too much cashflow for your taste, we could always use an expansion of EITC instead. If tax incidence on unemployed is too worrisome, then we can start shifting the EITC more towards a regular NIT.
And with due respect for your best friend, the consensus is overwhelming among prominent economists that a carbon tax is fundamentally a good idea:
That's exactly why we would want to link it with a transfer like UBI. If UBI requires too much cashflow for your taste, we could always use an expansion of EITC instead. If tax incidence on unemployed is too worrisome, then we can start shifting the EITC more towards a regular NIT.
And with due respect for your best friend, the consensus is overwhelming among prominent economists that a carbon tax is fundamentally a good idea:
- http://www.igmchicago.org/surveys/carbon-tax/
- http://www.igmchicago.org/surveys/carbon-taxes-ii/