Belgium’s Al Gore Tax
You can’t make this stuff up: Belgium has named a tax after Al Gore.
- Gore was invoked in proposing a new "environmentally friendly" tax on packages that would penalize users of aluminum or plastic and provide incentives to switch to paper or cardboard, whose production releases less CO2 into the atmosphere.
- The details have yet to be worked out, but the idea is for milk sold in, say, a plastic bottle to cost more than milk sold in a cardboard container.
- Also in the works are tax breaks for car pollution filters and deductions for energy-efficient investors.
To be sure, this Belgian scheme to save the planet also raises a bundle for the politicians to spend:
- Roughly $750 million (€600 million) is the estimated revenue per year from the new "Gore tax."
- A government spokesman says that the revenue will make up for what it expects to lose from planned reductions in social taxes, which are some of the highest in Europe.
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