A wealth tax would provide funds to address both the climate crisis and poverty.
Therefore, it does not provide funds to address the rising costs of climate change, such as British Columbia’s two consecutive summers of costly, record-breaking forest fires.
For more than two centuries, industry has freely dumped emissions into the atmosphere.
Worse yet, recent studies have proven that economic growth requires unsustainable resource use.
A wealth tax would put a price on past emissions and could be used to mitigate the negative effects of poverty, including vulnerability to climate change.