A capitalist system is basically rigged to make legislation like that really wonky at best. People's livelihoods will be threatened by fossil fuel taxes, but there's no equivalent counter move that will make cleaner energy as viable with low income. Such a law should probably first target those with high income, then move downwards as non-fossil fuel alternatives become more and more feasible to people at the bottom of society, over a number of years.
But then, of course, you'll have right wingers whining to no end.
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