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Michigan Post > Blog > Economics > Frequent Flyer Tax | Economics
Economics

Frequent Flyer Tax | Economics

By Editorial Board Published October 22, 2024 2 Min Read
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Frequent Flyer Tax | Economics

The core cause that the institution is abruptly inquisitive about local weather change comes down to at least one most important issue – cash. Extra particularly, the institution is searching down YOUR cash by taxation. A second motivator is limiting our freedom of motion by demonizing fossil fuels and limiting our capacity to journey. The European Union is now in search of to punish those that fly greater than as soon as per yr with a frequent flyer tax.

The brand new levy would goal everybody flying from the European Financial Space (EEA) and the UK. The usual aviation tax would apply for the primary two flights taken per yr, however a further 50 euro surcharge could be utilized to medium-haul flights whereas long-haul, first-class, and enterprise flights would price a further 100 euros. Then they’re including a further 100 euro charge after the fifth flight on prime of the preliminary surcharge. Individuals might be anticipated to pay a further 200 euros for his or her seventh flight and 400 euros for the ninth.

Lawmakers consider this tax would improve present EU aviation taxes six instances over and canopy 30% of the general funds, the funds that those self same lawmakers can by no means adhere to. Some organizations consider authorities can gather as much as 64 BILLION euros per yr.

However that’s by no means sufficient for these in authorities. There are additionally rumors that aviation will not be exempt from VAT and gasoline taxes, which might robotically elevate the price of flying for everybody.

If authorities restricts the liberty of motion with respect to individuals, commerce, concepts, communication, and good and providers, the world economic system can not presumably survive and this locations us vulnerable to a daunting Darkish Age all as a result of governments concern shedding energy and are determined to hunt cash for confiscation.

TAGGED:ArmstrongEconomicsFlyerFrequentTax
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