4 ms·
They like subsidies alright. Just subsidies that fit their doctrine. > the IMF says America is the world’s second biggest culprit, spending $669 billion this y
by bjelkeman-again 10y ago
They like subsidies alright. Just subsidies that fit their doctrine.
> the IMF says America is the world’s second biggest culprit, spending $669 billion this year—but mostly by “post-tax” systems which fail to factor the costs of environmental damage into prices.
http://www.economist.com/blogs/economist-explains/2015/07/economist-explains-19 http://www.economist.com/blogs/economist-explains/2015/07/ec...
- mikeash 10y agoI really wish people would understand that allowing companies to pollute without compensating the people they poison is just as much of a subsidy as dropping a fat deposit into their bank account every month. That recent rule change where coal mining companies are once again allowed to dump their waste into streams? That was Republicans passing a subsidy for coal mining. Every time Republicans block or roll back environmental regulations, that's subsidizing polluting industries.