For full transparency, I am politically very far from the Swedish Social Democrats and socialism.
In Sweden, we have an extra tax on plastic bags. It was decided by the former social democratic government which was supported by the opposition.
The goal of this excise tax was to reduce Swedes' use of plastic. Unfortunately, it did not lead to a reduction in the large islands of plastic floating around in our world's oceans, as the Swede is good at reusing the plastic bag to put garbage in.
Instead, the environmental stations in Sweden that incinerate our garbage had to add oil for the incineration to work.
The fact that the excise tax of ¢30 is also covered by 25% VAT means that a plastic bag you buy in the grocery store costs ¢80.
I read a funny tweet from an expat Swede who hasn't been to Sweden in years. He wondered if a share in SBB costs about the same as a garbage bag these days?!
Unfortunately, a plastic bag is more expensive today as the share price for SBB is currently ¢64. Less than 18 months ago, the stock price was $7.54.
Politicians should not conduct business, they should only be a governing body.
No comments:
Post a Comment