March 24, 2010

FT: Paris Scraps Carbon Tax Plan

So the French Government abandoned their planned Environmental Tax because Man-made Global Warming is junk science, or more appropriately a religious belief? No. It was abandoned because being a French only tax would put French industry at a disadvantage to it's European competitors. Yes. This argument does hold water but can, and should, be applied to a larger scale than Europe. Same goes for USA vs it's competitors, which is the global economy.

I thought this was a funny quote in the Financial Times article:

The decision to ditch the tax divided the government. Chantal Jouanno, the junior minister for the environment, lashed out at the decision saying she “despaired of this retreat”.

France has retreated from a lot of things...this looks more like sound economic common sense than dropping guns and running.

By Ronin at 08:18 AM | Comments |