this post was submitted on 25 Jun 2024
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Denmark to charge farmers €100 a cow in first carbon tax on agriculture | Coalition government agrees annual levy on emissions from livestock after months of fraught negotiations (www.ft.com)
submitted 4 months ago* (last edited 4 months ago) by [email protected] to c/[email protected]
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[–] [email protected] 1 points 4 months ago (1 children)

I did some math on it, and all the farmers have to do is increase the price of a gallon of milk by €0.10, and they'll not only be able to cover the tax, they'll actually profit around €228.50 per year.

Nobody is gonna care about a measly €0.10 price increase, they'll just chalk that up to general inflation. While both the government and the farmers end up profiting.

Here's a link to my math breakdown comment...

https://lemmy.world/comment/10829248

[–] [email protected] 1 points 4 months ago (1 children)

Prett sure the plan is to gradually increase tax to give the farmers time to pivot to something more environmentally friendly

[–] [email protected] 1 points 4 months ago

Plans can sound great on paper, but I don't think this one is gonna accomplish much, especially at such a low and gradual rate.

When people go to buy milk, and see that it went up 10 cents, they'll just be like 'aw fuck, lemme dig out another dime'

When people go to buy steak, they probably won't care much if it went up 50 cents, steak is already expensive.

People are already accustomed to gradual price increases, and it barely affects people's habits, or appetite in the case of foods.