By John Galt
August 8, 2011 08:37 ET
The United States is currently in the courts of Europe battling the imposition of a tax that the regime in D.C. attempted to impose on its own citizens, yet finds unacceptable when another government penalizes our business community. Of course I am referring to the EU’s insane carbon tax which is being forced on international airlines for the transgression of burning aviation fuel on flights into and out of their bankrupt delusional paper union. While American carriers will simply make it cost prohibitive for most citizens to travel overseas should the U.S. lose this case, the problem extends far beyond our nation as countries around the world are howling in protest over this insane commiegreenie tax.
The nation’s of the Gulf Cooperation Council are no exception. From the article “Emirates faces $1bn bill over EU carbon tax” in today’s edition of Arabian Business, Dubai’s Emirate Airlines faces a potential $1 billion bill alone for travel into the European Union because of this insipid tax. The best statement from the article sums up everyone’s frustration with the green agenda and the stupidity of the idea behind it:
Toby Stokes, Middle East aviation sector leader at Ernst & Young, said the taxes would prove an additional burden on airlines’ balance sheets, already squeezed by high oil prices and increased competition.
“The green agenda is a particularly tough issue for the industry. While airlines are experimenting with more environmentally-friendly fuels, I think it will still be sometime yet before the majority of commercial flights are on a plane powered by nut oil and seaweed.”
I wish the now bankrupt European Union the best of luck collecting this tax as their citizens will have great difficulty affording to travel via international airlines as I expect many nations and companies to impose an “EU Tax” on travel to and from that region to offset the cost of their Algore agenda.