Clean-tech subsidy war erodes safety nets, Canadian finance minister says - BNN Bloomberg

Freeland, in a speech in Washington, hailed the U.S. Inflation Reduction Act for helping to usher in a green-industry revolution, but said a strong domestic tax base is essential to support middle-class families and reduce economic inequality.

Freeland published a federal budget last month that contained almost $83 billion in investment tax credits geared toward clean manufacturing and electricity generation, as well as carbon-capture systems, over the next decade. “For decades, within their union, they have balanced the need to drive industrial investment in their national economies against the danger of corporate-subsidy wars,” she said. “That is what we must try to do today, on a broader scale.”

Who let the nuts out.

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Clean-Tech Subsidy War Erodes Safety Nets, Canadian Finance Minister SaysCanadian Finance Minister Chrystia Freeland warned American lawmakers about the risks of starting a clean-tech subsidy war, saying that a “race to the bottom” risks eroding the tax bases of the US and its allies. Clean tech = Financial Fraud, Climate Fraud, Antitrust Fraud. And how about subsidy to homeowners, that has already put 🇨🇦 at the bottom and you haven't stop digging. Or is it a new narrative being prepared for when the 💩 hits the fan.
Source: BloombergCA - 🏆 73. / 51 Read more »