That's trivial to fix by giving poor folks $5K each and then it's their choice if they want to spend it on gas. Aka a subsidy for not buying gas.
You can (and should) debate what the exact numbers should be, but we already do this today with tax credits and welfare for the poor. It's a a solved problem.
> That's trivial to fix by giving poor folks $5K each and then it's their choice if they want to spend it on gas. Aka a subsidy for not buying gas.
See my sibling comment. This is dramatically underestimating the economic damage to those with lower income. Literally everything will become more expensive. Things like food, housing, infrastructure, medical care...
> ...but we already do this today with tax credits and welfare for the poor. It's a a solved problem.
Hey man, if you've solved our carbon emissions problem no strings attached you'll have changed the world. How are the current tax credits and welfare systems "solved"? Social Security is expected to collapse in the within 15 years.
You can (and should) debate what the exact numbers should be, but we already do this today with tax credits and welfare for the poor. It's a a solved problem.