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SoftTalkertoday at 4:51 AM1 replyview on HN

No, the rich will be able to pay the carbon taxes easily, the average folks will suffer under them.


Replies

Timon3today at 10:55 AM

Carbon taxes can be implemented such that average folks benefit from them, e.g. by paying everyone back the average tax amount. Wealth generally correlates with carbon emissions, so wealthy people would pay more than they get back. This would greatly incentivize less emissions-intensive products and services.

Unfortunately there's no way the rich would ever let this go through.