Public willingness to pay for a US carbon tax and preferences for spending the revenue
Matthew J Kotchen1,2,3, Zachary M Turk1 and Anthony A Leiserowitz1
Published 13 September 2017
Environmental Research Letters, Volume 12, Number 9
> We provide evidence from a nationally representative survey on Americans' willingness to pay (WTP) for a carbon tax, and public preferences for how potential carbon-tax revenue should be spent. The average WTP for a tax on fossil fuels that increases household energy bills is US$177 per year. This translates into an average WTP of 14% more on average for households across the United States, where energy costs differ significantly across states. Regarding the tax revenues, Americans are most in support of using the money to invest in clean energy and infrastructure. There is relatively less support for reducing income or payroll taxes, returning dividends to households, and other expenditure categories. Finally, Americans support using the tax revenues to assist displaced workers in the coal industry enough to compensate each miner nearly US$146 000 upon passage of a carbon tax.
Cough, issue is you know the funds going towards carbon tax would be going elsewhere. There is no way 100% is going to actually work on clean energy you know why? Cause with clean energy you'll no longer have need for a carbon tax and without a carbon tax how are they going to make their money?
$177 a year would do nothing, and is purely symbolic pandering.
This isn't surprising. Americans frequently support terribly slapped together regulatory captures that solidify monopolies.
Americans support it now, but wait until they learn about the cap and trade derivatives on carbon Wall Street is cooking up in order to ream everyone for billions of dollars.
The majority of Americans support anything that doesn't impact them personally, 80% said they favor spending found money on pie-in-the-sky dreams.