I just read that the average income of readers of Sierra Magazine is double the income of the average American. And this on the heels of a paper that shows the income elasticity of demand for environmental quality far exceeds one.
In laymen’s terms, what these mean is that a little richer is a heck of a lot better for the environment. In fact, a little poorer means a lot more environmental degradation. In slightly more technical terms for every increase in income by 10%, Americans increase their demand for environmental quality by much more than 10%. The politicos should keep this in mind in the era of high gas prices, windfall profits taxes, increased social security taxes, federal fiscal irresponsibility, etc.
17582 124273Hey! Wonderful post! Please do tell us when we can see a follow up! 247628
368544 967853I believe this site has some really great data for everybody : D. 272865
502338 213400But wanna say that this is invaluable , Thanks for taking your time to write this. 628132