Completely untrue. I also do not particularly enjoy you personally insulting me.
While you talk about the burden being put upon the middle class/lower class through, what I assume you mean to be the increase in price of natural gas, this would shift more economic muscle to cleaner energies and make them gradually cheaper through more research and development as an impact of this. As a great economist Arthur Pigou once said,
We should make bad stuff more expensive.
And, by doing that, make good stuff cheaper.
He was very insightful in this point. And I wholeheartedly agree that a carbon tax is a short term investment with a very high yield.
I did not personally insult, it is a valid question. If I hurt your feelings, I do apologize and will try not to in future. Now I have my answer, you do not know.
New taxes always hurt the people least able to pay the most. That should go without saying. Taxes on large corporations/business entities are always passed on to these people, of course. Corporations don't erase their own profits when taxes increase, they have to make their money.
Here's the problem with the whole thing, I think this explains it fairly well although it leaves some things out:
"At first blush, it’s the corporation, i.e, the utility generating electricity, the refinery producing gasoline, the natural gas driller, the car manufacturer, or whichever corporation is legally responsible for paying the carbon tax.
Ordinary people pay for all taxes, including those hidden in the price of products people purchase, where corporations are the involuntary collector of taxes for the government.
This would include any carbon tax that the government might impose.
Corporations are involuntary tax collectors, and would be collecting more taxes if a carbon tax is added to the list of taxes.
When corporate taxes are increased, which would be the case with a carbon tax, the prices of their products are increased.
Higher prices affect the middle class and lower-income groups who use a higher percentage of their income to purchase goods and services than do wealthy individuals.
Lower and middle-income earners are hurt the most when corporate taxes, including any carbon tax, are increased.
The people proposing a carbon tax admit this, because they also propose to redistribute some of the carbon tax, once the government collects it, to low-income people.
In that sense, a carbon tax is merely another method for wealth redistribution. A carbon tax merely adds to the slush fund that politicians can dole out to their favored communities.
All taxes, corporate, sales and personal, are paid for by consumers, and this includes the carbon tax."