Climate Cult High Poobahs Back To Pushing Taxes On “Bad” Stuff
As tens of of thousands of people take fossil fueled trips to the fossil fuels supplying nation of Dubai, the Warmist elites, who’ll be taking lots of private fossil fueled jets which will have to be deadheaded to other airports, are back to pushing taxes
‘Tax the bad’ to boost climate finance, COP28 panel advises
Increasing taxes on polluting activities and cutting fossil fuel subsidies could generate trillions of dollars to tackle climate change, an advisory panel to the COP28 talks in Dubai said.
Summit host the United Arab Emirates, a major oil producer, has said the two-week meeting starting on Thursday must deliver “tangible action” on climate funding, which has been squeezed by rising debt burdens, faltering political will and patchy efforts by private finance.
Higher carbon taxes – including levies on emissions from the maritime and aviation sectors – should be among options COP28 studies, the panel recommended.
“We see a big potential, particularly from taxing the bad internationally and using that money to generate predictable resources,” panel member Amar Bhattacharya of the Brookings’ Center for Sustainable Development told a briefing.
In economics, taxing the bad refers to levies that target harm to the public good – for example, greenhouse gases – as a way to raise revenues and discourage the activity.
How can those things be “bad” when so few Warmists have given up using them in their own lives? Do the peasant level Warmists understand that cheering for carbon taxes will mean a higher cost of living in their own lives? If you increase the cost of, saying maritime shipping, the price of goods will go up. I’ll stop, because you’re smart enough to understand how this works.
There are growing calls for a carbon levy on shipping, which transports around 90% of world trade and accounts for nearly 3% of the world’s carbon dioxide emissions.
It would be ugly.
Investments in the fossil-fuel economy continued to outstrip those made in the clean economy, it said. Subsidies for fossil fuels totalled $1.3 trillion, and substantially more if counting the societal cost of dealing with emissions and pollution.
Yeah, those of who aren’t nuts and inventing bullshit manners of economics do not count the societal cost.
Aviation, which accounts for some 2-3% of emissions, is not directly covered by the Paris Agreement but the air transport sector has pledged to align itself with its goals.
I suggest a big tax on private jets that cost more than $10 million. And better, anyone worth at least $1 million will have to pay a huge tax for every flight they take. People like Al Gore are good with that, right?
Still looking for a private jet charter to COP28?https://t.co/R8RSTLP7fB
— Disclose.tv (@disclosetv) November 28, 2023
The post Climate Cult High Poobahs Back To Pushing Taxes On “Bad” Stuff appeared first on Pirate’s Cove.
Source: https://www.thepiratescove.us/2023/11/29/climate-cult-high-poobahs-back-to-pushing-taxes-on-bad-stuff/
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