Thursday, July 31, 2014

Paying For Green

The head of the IMF wants Europeans to pay up:
"On this point, let me be crystal clear: we are generally talking about smarter taxes rather than higher taxes," Lagarde said, according to prepared remarks for the launch of the book.

She said higher energy taxes are the most efficient and simple way of dealing with environmental harm and would allow governments to stop relying on a "patchwork" of other uncoordinated policies to deal with climate change, such as subsidies for renewable energy.

Higher energy prices would prompt people to shift to cleaner fuels or more fuel-efficient vehicles on their own, Lagarde said, adding that they could also allow governments to lower other taxes on consumption or income to reduce the burden on people, or pay down more public debt.
At least she's honest about wanting to kill Europe's economy...

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