Subsidizing The Epocalypse

The IMF study puts anything that has ever been taught about public finance to shame. They define some imaginary price they would like on oil and gas and if this price is not being met by the market, that’s a subsidy then. So, if one country taxes the Bejesus out of its own population driving them into poverty, they are the good ones as they don’t subsidize energy. And those with a light hand on their own people are horrible subsidizers. Asking your entire population for fewer takes is no subsidy. Its called a government that does not sledgehammer its own people. A subsidy is money or monetizable. Which means that Oil & Gas don’t get subsidies in developed countries. They pay taxes.

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