The EU is now enforcing carbon emissions regulations on air travel. That’s not only on flights in the EU, but flights to the EU.
If the greeniacs get their way, soon the only kind of flight taking place in Europe will be capital flight. The tourism industry will be thrilled, I’m sure.
As Reagan’s dictum goes, if you want less of something, you tax it. And following Hirschman’s logic, if you want people to exit, take away their ability to voice their displeasure – whether in the market,or in the government.
So instead of seeing more international flights to St. Tropez and Ibiza, banana hammock aficionados will be forced to frequent Tahiti and Oahu. No worries. It’s warmer there anyway.
Bottom line is that no one is going to willingly pay more taxes in this global economic environment, let alone taxes on fairy tales. Europe is determined to become its own Neverland, a place where people think they can fly using pixie dust and never grow up.
The European economies are in a tailspin and heading for a hard landing. Apparently everyone is so drunk pounding shots from the green liquor cart no one is even going to pull up.