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Sunday, March 31, 2013

Bombshell IMF Study: United States Is World’s Number One Fossil Fuel Subsidizer

Between directly lowered prices, tax breaks, and the failure to properly price carbon, the world subsidized fossil fuel use by over $1.9 trillion in 2011 — or eight percent of global government revenues — according to a studyreleased this week by the International Monetary Fund.

The biggest offender was by far the United States, clocking in at $502 billion. China came in second at $279 billion, and Russia was third at $116 billion. In fact, the problem is so significant in the U.S. that the IMF figures correcting it will require new fees, levies, or taxes totaling over $500 billion a year, or more than 3 percent of the economy.

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3 comments:

  1. AnonymousMarch 31, 2013 at 3:26 PM

    Subsidizing is another way of saying "not taxing".
    So the author of this piece want taxes higher on energy?

    What a bunch of crap!

    ReplyDelete
  2. DaddioMarch 31, 2013 at 4:04 PM

    "... failure to properly price carbon ..." is a bunch of hooey.

    Leave that out of the equation and how do things stack up?

    ReplyDelete
  3. AnonymousMarch 31, 2013 at 7:15 PM

    Get ready. Globalists are going to tax 3% out of our economy for themselves.

    ReplyDelete

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