Behind the billionaire climate tax

One economist explains why taxing the rich and paying the poor actually has a chance of becoming a reality.

A man drinks from a bottle of water as temperatures hit 38°C (100°F) on Saturday in New Delhi, India. Climate models show that by 2100, India will suffer disproportionately from extreme heat. Source: Raj K Raj/Hindustan Times via Getty Images

The climate crisis is extremely unaffordable. That’s the conclusion of a new study published in Nature last week,…