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