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68 comments on Energy For a Changing World: A Credible European Energy Strategy for the 21st Century

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Bandits on February 25, 2008 - 4:02pm Permalink | Subthread | Parent | Comments top

Do you think higher taxation will have any affect on the economy? I think it would send inflation on an afterburner climb to a flame-out.
Isn't taxation now, mostly what the market can bear?

IMO, all higher taxation will do is open the gates to economic hell a lot wider.

Lowering taxation would probably have a wild effect too, akin to an injection of speed. The trouble is after the initial high, another injection is needed or the low can debilitate.

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George Asebius on February 25, 2008 - 10:44pm Permalink | Subthread | Parent | Comments top

Tax the heck out of oil and gas production and consumption (coal too). I'm not saying we generally raise taxes across the board. In fact, it might make sense to lower income tax rates and raise taxes on non-renewable forms of energy so that the overall level of taxation remained the same.

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Engineer-Poet on February 26, 2008 - 12:13am Permalink | Subthread | Parent | Comments top

You just described what the provincial government of British Columbia has proposed, and they intend to start this year.

The ball is rolling.

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Bandits on February 26, 2008 - 12:25am Permalink | Subthread | Parent | Comments top

You tax fuel, you tax everything! Even several times over.
Transport
Services
Tourism
Manufacturing
Food, production, wholesale and retail.
Commuters

And so on. I'm sure you can think of many more.

If you raise taxes severely on fuel, be prepared for the probable immediate consequences.

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68 comments on Energy For a Changing World: A Credible European Energy Strategy for the 21st Century

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