It depends on how the tax is structured -- it can be made revenue neutral, or all the tax collected could be returned on an equal per capita basis, which will alleviate poverty.
In January many top & famous economists signed a letter to the Wall Street Journal, "Economists’ Statement on Carbon Dividends," advocating a carbon tax and return:
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A carbon tax is not going to solve the problem of climate change. However, it will hurt the poorest Americans. It's a regressive tax.
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It depends on how the tax is structured -- it can be made revenue neutral, or all the tax collected could be returned on an equal per capita basis, which will alleviate poverty.
In January many top & famous economists signed a letter to the Wall Street Journal, "Economists’ Statement on Carbon Dividends," advocating a carbon tax and return:
https://energy.umich.edu/news-events/energy-economics-weekly-briefings/story/economists-letter-in-support-of-carbon-tax/
https://johnhcochrane.blogspot.com/2019/01/economists-letter-on-carbon.html
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