Taxing the rich won’t work

Tax it all to solve it all, and pay for expensive energy from solar, wind and batteries?

High tax rates have been tried in the 1970s, and it didn’t work well. Socialism and communism with their 100% tax rate have also failed throughout history. They have always hit the wall of incompetent management by administrations redistributing the taxes through regulations and monopolies.

Higher tax rates – with implicit redistribution by governmental administrations – could distract from the true solution: reorganize the markets, with private investments, with competition of the best ideas and best managements, in order to go green faster and better, with a carbon tax or another market-friendly solution.

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