Just read a bit about the massive subsidies the fossil fuels industry receives in the U.S and I was confused. Aren’t these companies one of the most profitable ones in the U.S?
In: Economics
Your not getting the answer that explains 90% of the dollar figure when you hear about “fossil fuel subsidies” which is actually measured as the difference between how much they are taxed and how much environmentalist think they should be taxed.
That means ending the “subsidy” would take the form drastically increasing taxes which the consumer would never tolerate.
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