by Oxfam and the Stockholm Environment Institute found that the richest 10% were responsible for 49% of emissions, the richest 5% contributed 37% of emissions while the wealthiest 1% created around 15%. The poorest 50% of humanity contributed almost nothing. This should be enough evidence to refute the often-cited words that “population is the problem”.
They calculate that there are 3.6 million citizens with more than $5 million in the bank, 183,000 citizens with more $50 million and there are 2,660 billionaires. According to their findings, if we were to tax these global citizens at 2, 3 and 5% respectively we could raise $2.52 trillion. If we added slightly higher tax rates of 2, 5 and 10% then $3.62 trillion could be raised annually.
The next time you hear someone say it is impossible to solve the climate and biodiversity crises, let them know that the only thing impossible is governments actually acting without massive grassroots pressure. If we can terraform a hostile red planet 330.47 million km away, we can certainly fund the transition to a zero-carbon economy on Earth.
POTUS
nftJustLife
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