Stanford research finds climate change regulation burden heaviest on poorPosted: June 23, 2015
It’s the great irony of ‘climate change’ that the protagonists of the green faith, usually of leftist or progressive persuasion, lay claim to be the “champions of the poor”. When ultimately the radical “save the planet” climate policies and futile green schemes, dreamt up in ivory towers of the sanctimonious political elite and wealthy chattering class, ultimately end up hurting the poorest in society.
Whether it be Carbon taxes, aimed to increase the cost of electricity to inhibit its use, expensive renewable energy, or even the World Bank’s no-coal decree, that would leave developing nations in the dark, radical climate policy does much for the political elite and very little for the impoverished majority …
A bit dated, from Feb 28th of this year, but given the big push for Paris and the Pope’s encyclical, it is germane at the moment. -Anthony
Stanford research reveals that it is ultimately people – not corporations – who would bear the costs of climate change regulation. Under a hypothetical carbon tax, households in the lowest income group would pay as a percent of income more than twice what households in the highest 10 percent of income distribution pay. The findings suggest a fairer way to regulate greenhouse gases in the United States.
New research finds the heaviest burden for climate change regulation falls on the poor, for whom basic necessities take up a bigger chunk of the budget.
The heaviest burden for climate change regulation costs falls on people – especially lower income groups – and not corporations, according to new Stanford research.
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