The people in European countries are probably super happy they invested a bit of power in the EU, which has led to the EU taking more and more power, and now acting like a centralized government over all no longer sovereign countries and citizens. And, since they overspent for the Chinese coronavirus, they want that money back
EU plans to tax its way out of recovery debt
The European Commission is set to propose three new levies aimed at repaying the €800 billion debt mountain it plans to issue to reboot the EU’s economy.
The package of so-called “own resources,” to be adopted on December 22, includes revenues from a looming levy on the world’s 100 biggest companies, from the EU’s planned carbon border tax, and from a proposed extension of the bloc’s cap-and-trade carbon market, as POLITICO reported last week.
“These initiatives require EU action, and therefore constitute an appropriate base for EU own resources,” the Commission wrote in a draft communication on the proposals, obtained by POLITICO.
Own resources — taxes raised on behalf of the EU— are central to the Commission’s plans of paying back the EU debt it is issuing to finance the bloc’s massive recovery fund that is set to pay out a total of €800 billion to capitals over the next five years. Without them, governments will have to either increase the amount of money they pay into the EU budget or cut down existing EU programs, both of which are unpopular prospects for politicians.
Getting all 27 EU countries to sign up won’t be easy, with many wary of entrusting even more revenue-raising powers to Brussels.
On the bright side, it could be very tough for the EC to convince enough nations to do this plan, which is all about raising money from Big Companies, you know, the ones that contribute the most to the economy, employ a lot of people, and pay a lot in taxes already. Which means fewer jobs. Rather than looking for ways to increase economic activity which would mean more money hitting the coffers, they want to stifle that. But, because they are climate cultists, they do not want more economic activity, because that’s Bad for ‘climate change’.
“You get a certain redistribution towards countries with less CO2 intensive industries … the beneficiaries are countries like France with nuclear power, rather than fossil [energy] and so on,” said Clemens Fuest, president of the Munich-based Ifo Institute for Economic Research. But he added that an EU levy based on its own carbon market makes sense as “it is related to a policy, and a policy problem, which is genuinely European.”
“The result will be that you have some losers; Poland is probably the biggest loser,” he said.
Brussels is aware of that risk and that is why it’s proposing to cap the contributions from lower income and carbon intensive countries and set a minimum contribution for low-carbon countries until 2030.
This is what happens when a government has too much power to enforce their personal beliefs, rather than simply providing the basic functions and not being dictators. For a doomsday cult.
Read: European Commission Looks To Tax Their Way Out Of Recovery Debt »
California is behind in reducing climate-warming pollution and needs to get its act together.
New York Gov. Kathy Hochul (D) announced during a press conference on Thursday that she is planning to introduce legislation that includes a booster shot within the definition of being “fully vaccinated.”
On Sunday, Sen. Joe Manchin (D-WV) may have delivered a final blow to the United States’s best chance to take action on the climate crisis this decade.
The United States Air Force has authorized the use of gender pronouns in electronic signature boxes for communications within the department.
. Anyhow, double shot below the fold, so check out 
City officials and workers are sounding the alarm over Mayor Bill de Blasio’s mandate for in-person work amid the explosive spread of the Omicron variant.
