3 ms·
This article calculates "fossil fuel subsidies" using an expansive definition that includes negative externalities and arrives at $649 billion. People might ass
by stvswn 7y ago
This article calculates "fossil fuel subsidies" using an expansive definition that includes negative externalities and arrives at $649 billion. People might assume that "subsidies" means things like tax breaks for industry by the federal government. That is more like $4 billion. The article uses the narrowest possible defintion of "education spending" to mean the funding of the department of education, which is $68 billion but doesn't operate any schools. If you were to count what Americans actually spend on public education at local and state levels, it's actually like $700 billion.
Then again, it's kind of crazy to pick up negative externalities in a calculation of a "subsidy." By that reasoning, anything measurably bad that the government hasn't outlawed yet is a "subsidy" if you look at it the right way. How much do we spend in the U.S. subsidizing opiod addiction? Murder? Car crashes?