this post was submitted on 18 Aug 2023
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America’s wealthiest people are also some of the world’s biggest polluters – not only because of their massive homes and private jets, but because of the fossil fuels generated by the companies they invest their money in.

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[–] absentthereaper@lemmygrad.ml 1 points 1 year ago* (last edited 1 year ago)

And I'll wager my left eye there'll still be western capitalist-sympathizers(because they themselves are not capitalists, as they own no capital nor any means of production, mass or otherwise) having themselves a jolly old wankfest about how we shouldn't be having a good long think about the Robespierre method

[–] J12@lemmy.world 1 points 1 year ago* (last edited 1 year ago)
[–] ksynwa@lemmygrad.ml 0 points 1 year ago

Feel like some people here are being emotionally invested thinking this study is a sort of a blame game encouraging us to berate the wealthy individuals for their investments. I can't say whether the researchers had this in mind but from reading the study it looks an aim of using this metric was to figure out a strategy of investment taxation to deter wealthy people from investing in industries that are ravaging the planet:

By linking GHG emissions with the incomes it enables our work has quantified the scale of emissions inequality in U.S. society and the extreme and growing concentration of emissions among very wealthy households. It also offers some suggestions on how accelerated decarbonization and revenue generation might occur, such as an income or shareholder-based carbon tax that reflects the GHG intensity of one’s income sources or financial assets. This is distinct from consumer facing carbon taxes that rely on individuals decarbonizing the economy by shifting their consumption to less GHG intensive goods and services and thereby encouraging companies to respond to their new preferences. A consumer-facing approach assumes individual consumers have the knowledge, financial resources, and agency to shift spending and the power to alter corporate decision making on the GHG intensity of their supply chain and operations. An alternative income or shareholder facing carbon tax puts pressure on executives and large shareholders (i.e. those with the most economic and corporate power) to act in their own self-interest and decarbonize their supply chain and operations in order to reduce taxes on their compensation and investments. Recent work has calculated that a climate inspired wealth tax could indeed be an effective tool to raise revenue for adaptation and mitigation efforts [52, 53].

[–] tallwookie@lemmy.world 0 points 1 year ago

what percentage of all jobs/economic growth is that 10% responsible for (including downstream supply chains)?

[–] MaxPower@feddit.de 0 points 1 year ago

Got it. Eating the rich for protecting humanity by protecting the climate.

[–] superphly@lemmy.world 0 points 1 year ago (5 children)

Wait, how is that possible when China is responsible for 50% of the carbon emissions? This doesn’t add up.

[–] TheMage@lemmy.ml -2 points 1 year ago (1 children)

Facts. Good luck getting them to do anything about it. Nah, we’ll just stick it to the USA taxpayers and working classes. No more petrol cars, power equipment, gas stoves AC, etc. Oh, and you can’t own a single family home either with an acre of land. Nope. We can build a high rise apartment complex there instead. Anything else?

Climate change…. What a farce.

[–] SnowdenHeroOfOurTime@unilem.org 1 points 1 year ago* (last edited 1 year ago) (1 children)

Yeah we should definitely keep doing what we're doing. It's been working so well. /s

Total farce indeed. That's why all the world's heat records are shattered to smithereens this year. Yep, we should absolutely focus on sucking Trump's cock every waking second of every day because I'll be goddamned if I care about anything but that. Yummmmmmmmm trump jizzzz, oh also dodge rams rule, especially the fact that you can place a kindergarten class in front of them and the driver not see them, plus CITIES ARE SCARY!!!!!! How dare people move out of poverty and into a middle class life by moving to them!!!!!!! Don't they know there's minorities there?!?! LiBrUl RuN sTaTeS aRe HeLlScApEs tHaT aLl GoT buRnEd To ThE gRoUnD bY bLM mArXiStS!1!1!1!1

/s

PS. CoMmUnIsM iS bAd, wHaTeVeR iT iS

PPS, you can go back to reddit now. People (or bots) with your disgusting ass 1830s viewpoints aren't really smiled on here on Lemmy...

[–] TheMage@lemmy.ml -1 points 1 year ago (5 children)

Me go back to Reddit? Whoa. Reddit is polluted with left wing crazies. No thanks.

Yes, blue states are cesspools of humanity. San Francisco has been destroyed by your precious left wing politics. Stores are leaving , chaining up products, etc. all because a certain faction of society just can’t figure out how to get it right and live like you’re supposed to. Im not a big fan of pickup trucks myself. Not sure where you got that from. But petrol cars must remain available as the electric wet dream of the greenies isn’t going to work and they know it. How’s the slave labor driven lithium mining going for those precious batteries? Uh oh!

Communism sucks. We all know what it is. Are you really still one of those people trying to sell that turd? Show me where communism has worked… provide a link. LOL.

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[–] Infinity187@lemm.ee -1 points 1 year ago

And the thumbnail is a picture of a nuclear plant......

[–] bigwag1@lemmy.ml -1 points 1 year ago

Balance it out with some planet-cooling pollution

[–] 7heo@lemmy.ml -1 points 1 year ago

TL;DR: one doesn't become rich by respecting others.

[–] ebenixo@sh.itjust.works -4 points 1 year ago

Sounds like a conservative nummber

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