Fun fact time!
In order for the world to avoid a quite catastrophic rise of global temperatures exceeding 1.5 degrees by the end of the century we must overall reach net zero emissions by, at the very latest, 2050. Realistically, however, that date is closer to 2030. 1.5 degrees centigrade is widely accepted as the threshold for ‘dangerous’ global heat rise, though in reality we are already seeing the lethal effects of every extra 0.1 degree inflicted by our still increasing carbon emissions. At the moment, in the most optimistic of likely scenarios, the world is on track for a minimum of 2 degrees warming by century’s end.
Funner fact time!
Despite the mind-bogglingly pressing urgency of slashing wholesale our burning of fossil fuels, global subsidies—the definition of which includes various ‘post-tax subsidies’ such as the lack of measures against environmental ‘externalities’—for the industry still amounted to something over $5 trillion in 2017.
Bonus fun fact time!
In the UK, around £100 billion a year is transferred from taxpayers to big business in the form of various subsidies. Many of these business are titans such as Amazon and Ford, the likes of which also game the system so as to pay minimal or zero corporation tax.
Planet-killing corporate welfare is alive and well, yet the billionaire media has spent decades ensuring that the only welfare that’s ever discussed is the paltry sum that’s spent on those unfortunate, individual souls at the bottom of the financial ladder in most need of help. Funny how that works, eh.
Here’s an AskReddit thread that takes a blackly comic look at similar examples by asking the question, ‘What’s classy if you’re rich but trashy if you’re poor?’ You can check out the full thread here but below are some highlights:
Header Image Source: Universal Pictures