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by ivalm
2146 days ago
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Carbon taxes are regressive but if it is all paid back as dividend then a) poor people will end with more money than they paid b) rich people will end with less money than they paid c) no change in aggregate demand (although minor increase in velocity) so likely little additional inflation So it still redistributed from rich to poor while disincentivizing carbon heavy processes. |
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This page (https://citizensclimatelobby.org/household-impact-study/) has a nice chart showing the fees and where they come from for an average household in each income quintile in the USA. The expected fees for each quintile (under a $15/ton carbon fee) are $173, $219, $252, $292, $381. On another page on the same site, you can find that the expected dividend (which just depends on the number of adults/children in the household) is $288.