If we'd shift the subsidies for fossil fuels and its related industries to renewable energy research and implementation we'd all be riding in bullet trains, and cleanly electrifying our houses, without constantly degrading the environment, and all with enough left over for a hefty tax break. Given the unending parabolic rise of technological advancement since the industrial revolution, it wouldn't even take long (there wasn't a Prius on the road before 1997 and now they are virtually everywhere...progress, progress, progress comes in all forms both in conservation and in seeking alternatives). While fossil fuels have played a dominant role in the past, that doesn't give them the right to scream "Whoa!" as the times change. Well, actually they can scream all they want (and they certainly are) but we don't have to go on listening.
Taxes, taxes, taxes -- to state the obvious that almost everyone takes for granted, no car goes anywhere without one of the biggest tax subsidies in history. Every time a car hits the end of a private driveway, it's swimming in a river of tax dollars, and that may be a good thing but quit pretending that river is not there:
Transit is not sucking the taxpayer dry -- roads are
And worldwide the subsidy numbers are so staggering one has to ask -- if fossil fuel can't survive and provide its service and make a profit on its own anymore, don't we need, all of us, to seek another way to run our economies?
Fossil Fuel Industry Receives $1.3 Trillion in Subsidies Each Year
Come on, quit pooh-poohing the future, guys, quit buying the endless petrodollar propaganda. We probably never will achieve any utopia, but we'd do a lot better opening our eyes to the reality of who's really ripping us off. Progress takes time, sometimes a lot of time (especially if there's a lot of naysayers and there always have been and certainly are now too), big leaps don't happen overnight, but in tomorrow's many mornings, the sun it going to come up and it's going to shine.
Check your facts, here. It ain't about WE
here. It's the rest of the world.
The IMF report's -- source of the 1.3 trillion figure -- focus includes "breaks" given to the individual and industrial consumers -- including electricity. They do not breakout electricity produced by other than fossil fuels.
So an "energy credit", including tax breaks for upgrading energy efficiency AND where things like VAT tax is NOT charged on energy (like in Europe) --- also maybe where energy costs are included in a businesses tax deductions (just like office supplies), etc. -- are a majority of the 1.3 trillion.
The above accounts for about 750 Billion of the 1.3 Trillion sited by the article.
IF you read the IMF report, you would have seen that most of the direct subsidies given are for STATE OWNED ENERGY COMPANIES.
ALSO where is this done --
*The Middle East and North Africa region accounted for about 50 percent of global energy subsidies
*Emerging and Developing Asia were responsible for over 20 percent of global energy subsidies.
*Central and Eastern Europe and CIS accounted for about 15 percent of global energy subsidies.
*Latin America and Caribbean made up over 7½ percent of global energy subsidies
*Western Europe,Canada, Mexico are included in the remaining 7.5%...
At 4 Billion the US is about 1/116th of world direct subsidies -- and that is JUST depreciation of assets (oil fields) tax deductions for pure -- and all small -- exploration companies...NOT the EXXONs
Edited by *JB*, 24 April 2013 - 03:21 AM.