I was filling out a survey and this was one of the questions they asked. Thought it might be interesting to see results on here too.
I took the question to mean a reduction in income either due to direct taxes or rise in expenses. Or what's the largest amount I would be willing to consider to support a climate change policy with some impact on income.
I realise the arguments against having individuals bear the cost of climate change but I think any sort of drastic price control or government action (which should have been taken by now) will eventually translate into some reductions in discretionary income in the form of higher costs for households or lower dividends for shareholders - which affects households as well since their savings are probably in the stock market. This is a simplistic scenario and I know there would be differences in impact on households of different income levels depending on policy but I thought it would be an interesting question to consider.
Edit: Since many are misinterpreting the question, it's not asking for an income tax contribution but how much of an increase in expenses or loss in income you would be willing to absorb from a policy, which may arise from a targeted pigovian tax on specific services and items or some other policy.
I took the question to mean a reduction in income either due to direct taxes or rise in expenses. Or what's the largest amount I would be willing to consider to support a climate change policy with some impact on income.
I realise the arguments against having individuals bear the cost of climate change but I think any sort of drastic price control or government action (which should have been taken by now) will eventually translate into some reductions in discretionary income in the form of higher costs for households or lower dividends for shareholders - which affects households as well since their savings are probably in the stock market. This is a simplistic scenario and I know there would be differences in impact on households of different income levels depending on policy but I thought it would be an interesting question to consider.
Edit: Since many are misinterpreting the question, it's not asking for an income tax contribution but how much of an increase in expenses or loss in income you would be willing to absorb from a policy, which may arise from a targeted pigovian tax on specific services and items or some other policy.
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