America's richest 10% are responsible for 40% of its planet-heating pollution, new report finds

Every day we're here just to learn billionaires & families should be crushed and their wealth redistributed amongst third world countries.

If anyone is asking how do we pay to solve the climate crisis. I think its pretty clear who should be paying.

So fucking sick of billionaires

The US subsidizes fossil fuels to the tune of 600B per year. You pay for pollution with your taxes.

We need a 95% tax bracket for anyone that makes more than a few million/year.

TL;DR: one doesn't become rich by respecting others.

Anyone else just feel like we should eat the rich?

This is a piss poor metric. It is not what these people personally emit but what they emit by all the companies that they may own. Even though those companies produce products you and me consume.

In other words if I am a massive farmer and in the ten percent wealth category, my carbon footprint includes all the food produced and you consume from my farm.

There's a steep cliff between the 95% and the .01%. I wonder what proportion is just the .01

CO² tax on oil and fuel production i say.

Got it. Eating the rich for protecting humanity by protecting the climate.

40% seems low.

The picture they paint in this article, of the ultra rich with their private jets and yachts, does not align with the statistic presented in the title.

the wealthiest 10% in the US, households making more than about $178,000

I'm sure many of you know people in this group. Two adults each making 90k a year is enough to break into the 10%. And clearly they're not flying around in private jets.

They may as well be polluting methane gas because they're so full of shit

but because of the fossil fuels generated by the companies they invest their money in.

Lemme go ahead and roll my eyes here. Yes, American Airlines produces a significant percentage of the world's greenhouse emissions. But they burn that fuel for the passengers, not just for the benefit of shareholders. Same with ExxonMobil, BP, etc.

Consumption is what drives pollution. Investments to profit off of that consumption is secondary.

A long time ago, this kind of reckless excess moved the French to remove the top 10% of their ruling class' bodies.

As much as I understand the hate towards rich people governments are just as much at fault for subsidising, directly funding and giving land to those companies in the first place for people to be able to make money off them.

This is the best summary I could come up with:

America’s wealthiest people are also some of the world’s biggest polluters – not only because of their massive homes and private jets, but because of the fossil fuels generated by the companies they invest their money in.

That gave a carbon footprint for each dollar of economic activity in the US, which the researchers linked to households using population survey data that showed the industries people work for and their income from wages and investments.

The report also identified “super-emitters.” They are almost exclusively among the wealthiest top 0.1% of Americans, concentrated in industries such as finance, insurance and mining, and produce around 3,000 tons of carbon pollution a year.

Kimberly Nicholas, associate professor of sustainability science at Lund University in Sweden, who was not involved in the report, said the study helps reveal how closely income, especially from investments, is tied to planet-heating pollution.

Sometimes when people talk about ways to tackle the climate crisis, they bring up population control, said Mark Paul, a political economist at Rutgers University who was also not involved in the study.

Globally, the planet-heating pollution produced by billionaires is a million times higher than the average person outside the world’s wealthiest 10%, according to a report last year from the nonprofit Oxfam.

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Feel like some people here are being emotionally invested thinking this study is a sort of a blame game encouraging us to berate the wealthy individuals for their investments. I can't say whether the researchers had this in mind or not but from reading the study it looks like an aim of devising this metric was to figure out a strategy of investment taxation to deter wealthy people from investing in industries that are ravaging the planet:

By linking GHG emissions with the incomes it enables our work has quantified the scale of emissions inequality in U.S. society and the extreme and growing concentration of emissions among very wealthy households. It also offers some suggestions on how accelerated decarbonization and revenue generation might occur, such as an income or shareholder-based carbon tax that reflects the GHG intensity of one’s income sources or financial assets. This is distinct from consumer facing carbon taxes that rely on individuals decarbonizing the economy by shifting their consumption to less GHG intensive goods and services and thereby encouraging companies to respond to their new preferences. A consumer-facing approach assumes individual consumers have the knowledge, financial resources, and agency to shift spending and the power to alter corporate decision making on the GHG intensity of their supply chain and operations. An alternative income or shareholder facing carbon tax puts pressure on executives and large shareholders (i.e. those with the most economic and corporate power) to act in their own self-interest and decarbonize their supply chain and operations in order to reduce taxes on their compensation and investments. Recent work has calculated that a climate inspired wealth tax could indeed be an effective tool to raise revenue for adaptation and mitigation efforts [52, 53].

That's a complicated situation because if not rich people, we'll see other rich people in the same situation, like I don't think world's biggest companies will stop existing anytime soon, even if healthy eco alternatives get bigger investiment in the future.

Hey, good news. If we do this one neat little trick we can cut 40% of the planet-heating pollution and guess what? We've had a green solution for it for centuries.

.

Balance it out with some planet-cooling pollution

And the thumbnail is a picture of a nuclear plant......

what percentage of all jobs/economic growth is that 10% responsible for (including downstream supply chains)?

And I'll wager my left eye there'll still be western capitalist-sympathizers(because they themselves are not capitalists, as they own no capital nor any means of production, mass or otherwise) having themselves a jolly old wankfest about how we shouldn't be having a good long think about the Robespierre method

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Wait, how is that possible when China is responsible for 50% of the carbon emissions? This doesn’t add up.

Every time I see such evaluations I get this picture of an economically illiterate person just making assumptions from some statistics they are unable to comprehend. A bit like with electrical engineering.

And in any case the useful metric would be pollution per dollar (or per joule) spent by a person, not totals. I don't think I have to explain why, it's obvious.

Sounds like a conservative nummber

I imagine a huge chunk of the rest 60% is CCP's doing.