Net worth is good for talking about redistribution but for carbon emissions income is better. Emissions are largely based on consumption of fuel for cars and planes, meat, energy for climate control of homes ( the larger the home the more energy needed) etc. Consumption is correlated to income level, not net worth. You could inherit a home worth half a million which might put you in the top 1% globally in net worth but if you’re only making $60,000 a year you’re consumption isn’t going to be near a person who makes $150,000 a year but has a lower net worth because they spend it all and have no savings.
I agree, as long as all sources of income are being considered, mostly meaning capital gains, which the article is pretty vague so I’m not sure where they’re getting their income data.
Net worth is good for talking about redistribution but for carbon emissions income is better. Emissions are largely based on consumption of fuel for cars and planes, meat, energy for climate control of homes ( the larger the home the more energy needed) etc. Consumption is correlated to income level, not net worth. You could inherit a home worth half a million which might put you in the top 1% globally in net worth but if you’re only making $60,000 a year you’re consumption isn’t going to be near a person who makes $150,000 a year but has a lower net worth because they spend it all and have no savings.
I agree, as long as all sources of income are being considered, mostly meaning capital gains, which the article is pretty vague so I’m not sure where they’re getting their income data.