For a Tax-Free Green Transition: A Parallel Currency to Disentangle the Green Economy From Taxation

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Vincent Lannoye, Jul 21, 2022 - Business & Economics - 54 pages
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Taxation on the green economy

Taxation hits the entire economy with numerous taxes: income tax on wages, tax on corporate profits, capital gains tax, sales tax, property tax, social security tax and customs tariffs. These taxes fund the governments’ programs: defense, police, education, social security and more.

Ineluctably, taxes apply as well to the green economy of the transition to net zero. Is it normal, even if some subsidies may compensate? Is it just because taxes are so entangled in the system that it can’t be undone? And what is the plan of the government to make green products competitive with fossil fuels: a new carbon tax weighing proportionally more on low-income households?

Untaxing the green economy

Could the Green-Market System fully untax the green economy? To be successful, such a System should convincingly cut down CO2 emissions… and create jobs with good wages. Would this System be too good to be true?

 

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About the author (2022)

Vincent Lannoye was born in the US and grew up in Belgium in an industrial family, which sparked his curiosity to analyze and critique economics. An engineer with an MBA from Edhec France, today he works in high-tech in Silicon Valley. His past, his passion for economy, the lack of accessible works about the economic implications of the fight against global warming, and his monetary ideas, all have inspired him to write about economics.

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