How to Raise $1.8 Billion for Green Transit
A proposed tax hike on private jet fuel could raise $1.8 billion a year for sustainable transit.
A proposed tax hike on private jet fuel could raise $1.8 billion a year for sustainable transit.
This expensive, carbon-intensive form of travel is bad for both the earth and the taxpayers who subsidize it for the ultra-rich.
Investor purchases accounted for 24 percent of all residential real estate sales in Boston in the fourth quarter of 2022. A 10 percent tax on those sales could yield $82 million in revenue.
An annual wealth tax on the world’s richest could raise $1.7 trillion globally.