#Piketty argues that the burden of transition must not fall hardest on the poor. If people feel #ClimateAction is unfair, protest movements like the gilets jaunes will erupt again. To avoid this he calls for strict regulations on unnecessary luxury emissions and for progressive #CarbonTaxes. Under such a system everyone would have a fair #emissions allowance covering basic needs, but super polluting lifestyles such as frequent holidays, sprawling mansions, and constant jet use would face
2/4
very high #tax rates.
This is not just about #redistribution within nations. #Piketty stresses the need for new class solidarities that cut across borders. Convincing working and middle classes in rich countries that the #elite will finally be held accountable can also help support people in the #GlobalSouth who are already suffering the worst #climate damages.
The gap between rich and poor #CarbonFootprints is now wider than at any time since the nineteenth century.
3/4
