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by joshgrib
1624 days ago
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This is totally how I feel, and it's even worse than that - we're still subsidizing fossil fuels, so we're not only NOT taxing the pollution, we're actually helping to make it cheaper for companies to do. I think step 1 should be stopping all the subsidies. I haven't actually seen the numbers before but this is pretty absurd: https://www.imf.org/en/Publications/WP/Issues/2019/05/02/Glo... > Globally, subsidies remained large at $4.7 trillion (6.3 percent of global GDP) in 2015 and are projected at $5.2 trillion (6.5 percent of GDP) in 2017 > coal and petroleum together account for 85 percent of global subsidies |
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