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If The Government Can Give It Can Take Away

Thursday, March 16, 2017 8:26
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(Before It's News)

Politicians use promises of subsidies to sell expensive public works and other projects. That’s how they sold Obamacare. They told us that we peasants wouldn’t have to pay full premiums if we couldn’t afford them because we could get a subsidy from them.

The same thing has taken place in the field of alternative energy. Solar panels are expensive. In order to get more of them installed the government offered a subsidy. Not just in the US but other countries as wwell.

The United kingdom was one. Now they are taking it away. They say they are, “Taking their profits”. In the process they are killing companies that provide jobs.

You know how you can tell if a politician is lying? His lips move.

“Dark Days Ahead For UK’s Solar Industry”

Solar power in Britain has been comfortably subsidized for years now, allowing it grow substantially in a short amount of time. Last year, the subsidies stopped. Now, the government plans to enact further change with a new tax policy.

44,000 solar rooftop panels, previously exempt from business taxes, will now face a wall of expenses as the government finally takes its share of profits. This does not bode well for the UK’s solar industry, which seems to be extremely sensitive to governmental policy changes – when subsidies were cut last year, the industry lost 12,000 jobs and growth fell 85 percent.”

More at Oil Price



Source: http://therealrevo.com/blog/?p=157872

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  • raburgeson

    Considering that it costs more energy to produce solar cells than you get out of them, good move.

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