It’s Always About the Money

Jon Ecology, Economy, Government, Market Commentary

In Sweden, the government has realized that if fossil-fuel cars were to disappear, the government would lose around SEK 50 billion a year in tax revenues. Just like cigarettes, the government realized that stopping smoking is costly for them. So what did they do? They imposed taxes of e-cigarettes. And if everyone stopped e-cigarettes, they will probably have to tax air.
Sweden used the Global Warming issue to tax people driving cars to help the environment.

This post was published at Armstrong Economics on Oct 14, 2017.