consumption tax is really another word for a federal sales tax on all new nonessential goods... like iphones and TVs. essentials like food, clothing, and medicine would not fall under this. passing it would create massive new demand for used goods as they wouldnt fall under the tax either.
Consumption tax is a tax having to do with sales though. A carbon tax would be an emissions tax and would be completely different because the carbon isn’t being consumed by a buyer. This fear from this bill is completely irrational.
consumption tax is really another word for a federal sales tax on all new nonessential goods... like iphones and TVs. essentials like food, clothing, and medicine would not fall under this. passing it would create massive new demand for used goods as they wouldnt fall under the tax either.
Nonessential sounds like “too much carbon”.
Consumption tax is a tax having to do with sales though. A carbon tax would be an emissions tax and would be completely different because the carbon isn’t being consumed by a buyer. This fear from this bill is completely irrational.