Some people argue that exorbitant taxes should be levied on those individuals and organizations that resort to unhealthy environmental practices. However, there is another view that taxes may turn out to be an easy way out for those rich ones and they may take it as an opportunity.
How feasible is taxing as a deterrent against damaging environmental practices?
How genuine is the second view in your opinion?
Environmental concerns are mounting, and as a result many people suggest that taxing those erring people heavily could act as a deterrent. Though it is true to some extent, the very concept may boomerang if the rich in the society find it comfortable to pay tax and go scot-free.
When it comes to the feasibility, it may be said that a common tax on luxury goods plus an environment-management tax are possible options, because unless there is some control over people who are callous towards the mounting environmental concerns, things would go far beyond human reach and life on earth would be impossible sooner than later. Besides, since tax regime is more or less accepted as part of any market system, exorbitant tax on damaging environmental practices could be implemented without much fuss. It will work as a deterrent to a greater extent.
Coming to the second view, there is a possibility that erring individuals and organizations may take it as a way out for their wayward environmental attitudes. This concern is genuine in more than one count. Firstly, the well off in the society are ready to pay anything to make their life easier and more comfortable. So are those profit-driven marketers and manufactures. They may think that paying tax is much more worth it than running after environmental certifications and compliances. This loophole needs to be plugged.
To conclude it, it may be said that confirming to certain environmental standards needs to be the personal responsibility of everyone. And taxing and punitive measures have their own limitations when they are pitted against human interest and will.
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