Taxing the rich is not effective

In Short

Tax it all to solve it all, and have the government build clean power plants and produce cheap batteries, which could undercut fossil fuels?

A Few Details

High tax rates on high incomes have been tried in the past, and it did push the economy in a downward spiral with more bureaucratic government spending than savvy private investing. Lesson learned: tax rates have an upper limit!

We can’t go green while sacrificing the economy. We need a strong economy to fund defense, education or compensation budgets promised to developing countries at the COP21.

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