this post was submitted on 24 Jul 2023
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Yes!!
I’ve long argued that courageous states should radically reform their tax system. Rebase the entire tax system around carbon tax, setting the level to ensure the state has the same income base.
There’s a naturally progressive tax system built into that but we could make it even more progressive by laddering up the rates as the carbon emissions increase.
I don't think this type of policy is possible at the state level. The EU is gearing up for a carbon market on transportation. Carbon tax should come next, if we don't let big money lobbies kill the policy.