12/18/23

Global Warming; The Coefficient of the Concentration of Wealth?

 The atmospheric heating phenomena may be the coefficient of the concentration of wealth. Wealth concentration has a narrow point of view oriented toward profit that regards non proximal profit elements as beyond its range of interest, or externalities that are not too meaningful.

Concentrated wealth can afford to purchase support for policies that decrease taxation and environmental remediation. A more liberal tax basis that raises the rate of taxes on concentrated wealth probably would pay for a higher percentage of global warming reduction through government policy.

With overly concentrated wealth the electorate become stifled to a large extent in regard to expressing political opinions on taxation antipathetic to the preferred alternatives of the very rich. It may not be possible to effectively slow or reduce global warming without a near-term large tax rate increase on those earning more than $250,000 annually.

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