Hacker News new | ask | show | jobs
by imglorp 35 days ago
We also subsidize fossil fuels at around US$800 B/year direct, and much more than that indirect (wars, pollution, warming etc). A 100% fossil tax is what we need to kick that habit.
1 comments

>subsidize fossil fuels at around US$800 B/year direct

I would like to see a source for that. Usually this is from someone who thinks corporate taxes should be on gross revenue instead of profit.

https://fossilfuelsubsidytracker.org

Globally it was 1.6 T in 2022, direct.

For what they call implicit subsidies, IMF thinks it was $6.7T in 2024. https://www.imf.org/en/publications/wp/issues/2025/12/20/und...

Looks like $6.46 per person in the U.S.

>The scope of the OECD Inventory is therefore broader than conventional conceptions of “subsidy”.

https://fossilfuelsubsidytracker.org/methodology/

...so I guess we should be ganging up on the Netherlands ($1,760 per capita) and Sweden ($924 per person).

I think corporations should pay import taxes on services, that would fix a lot of tax dodging