Democratic states are going to tax the past. As dumb as this sounds, it feels like a dangerous slippery slope.
In New York, the law demands that fossil fuel companies “pay $75 billion for carbon emissions dating back to the year 2000.” So…for business that they did legally, they’re being asked to pay penance for no provable reason. Vermont has a similar law and, according to Reason, “other Democrat-controlled states plan to follow suit.”
If they can do this to companies, can they do this to us? Travis Fisher, energy director at the Cato Institute, tells Reason that taxing the past is wrong: “I’ve been filling up my gas tank for 25 years. Will they go after me for every time I’ve filled up my tank?”
They will sure try!
