But that’s not all. Because the green tax targets carbon, rather than income, it would act as a dirigiste economic policy favoring businesses that make money trading in paper instruments over those that produce real value through industry, agriculture, transport, mining, and construction. This would impoverish society overall, once again hurting the vulnerable the most, and would destroy tens of millions of blue-collar jobs.
Was ever a more regressive tax policy proposed? And has anyone ever demanded that the United States launch a trade war to force other countries to impose such oppressive policies on their own people, most of whom can afford them even less? There was a time when the Democratic party concerned itself with the needs of poor and working people. Alas, those times are past.