If The Government Can Give It Can Take Away

Politicians use promises of subsidies to sell expensive public works and other projects. That’s how they sold Obamacare. They told us that we peasants wouldn’t have to pay full premiums if we couldn’t afford them because we could get a subsidy from them.

The same thing has taken place in the field of alternative energy. Solar panels are expensive. In order to get more of them installed the government offered a subsidy. Not just in the US but other countries as wwell.

The United kingdom was one. Now they are taking it away. They say they are, “Taking their profits”. In the process they are killing companies that provide jobs.

You know how you can tell if a politician is lying? His lips move.

“Dark Days Ahead For UK’s Solar Industry”

Solar power in Britain has been comfortably subsidized for years now, allowing it grow substantially in a short amount of time. Last year, the subsidies stopped. Now, the government plans to enact further change with a new tax policy.

44,000 solar rooftop panels, previously exempt from business taxes, will now face a wall of expenses as the government finally takes its share of profits. This does not bode well for the UK’s solar industry, which seems to be extremely sensitive to governmental policy changes – when subsidies were cut last year, the industry lost 12,000 jobs and growth fell 85 percent.”

More at Oil Price

Bookmark the permalink.

One Response to If The Government Can Give It Can Take Away

  1. C. L. says:

    So, alternative energy concerns seem to have trouble surviving on their own. Here in the US, they were/are subsidized to bring down costs plus there are tax rebates to the end user. That has to be the textbook example for corporate welfare, right?

    “What a horrible, unamerican way to do business.” he gleefully wrote, using for power his government-subsidized PV system, which has already seen a 30% ROI just from the tax rebate, plus another 20% of the cost recouped just in one year from not using a propane generator. Remember when I thought I should feel guilty about that?

    I think it was only liberals who were supposed to reap those benefits, judging by the sea of aging flower children I had to wade through in getting a thorough PV education before buying. Oh well.

Leave a Reply

Your email address will not be published. Required fields are marked *