Earlier quoted context omitted.
There is simply no simple way to address Climate Change like there was with CFC's in the 90s. - 1/3 of emissions come China which has an autocratic leadership accountable neither to its people or the global community. - 70% of emissions come from energy consumption. 35% of all emissions is electricity and heat, and another 15% is construction + manufacturing. - Even if every mode of transportation was fully electric…
Revenue neutral carbon taxes are by far the best solution. They’re in fact very progressive - the poor consume less than the rich, and rich “hobbies” have greater proportional CO2 emissions - think supercars, yachting, flying business or private. So the poor will receive more in CO2 “income” than they’ll pay in CO2 tax. The only difficulty is border control - how to prevent manufacturers simply escaping to CO2-tax-fr…
In the higher up the income distribution the percentage of a person's income spent on consumption decreases, as highest earners typically put their money into wealth generating assets. So a smaller percentage of their income is actually taxed.
If you make 30k a year, you are spending everything you make on essentials. They're for the full amount of your earnings will be taxed by any consumption tax. If you make 300K a year, even if you spend 2/3 of it on consumption you are still being taxed at a lower rate.