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June 18, 2019 | Climate Emergency – The New Justification for New Taxes

Martin Armstrong

Martin Arthur Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

Cities have begun using the term “climate emergency” to justify new taxation. This was the case in the Guelph City Council in Canada where they declared a climate emergency. They have admitted that they “already have an action plan. A very ambitious, robust and doable action plan. We don’t need to re-state that.” The spokesperson continued, “What we do need to state, in my opinion, is that we’re going to fund it. Because an action plan without funding has no meaning and it has no outcome and it won’t be successful.”

Here comes the new justification for more taxes — “climate emergency” — as if a local city can actually change the climate of the world.

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June 18th, 2019

Posted In: Armstrong Economics

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