Tuesday, June 03, 2014

Class warfare

The Wall Street Journal editorial page argues against a carbon tax  --

The lowest 10% of earners pay three times as much as a share of their income for electricity compared to the middle class. If you want more inequality, this is an ideal way to ensure it.

Shouldn't we therefore redistribute more income from the rich to the poor so that necessities like electricity don't take up as much of the latter's income?