04-29-2023, 05:03 PM
Thoughts on an ESG tax for shareholders?
<!-- SC_OFF --><div class="md"><p>I've been doing some research on ESG these past months. I'm not an advocate of the investing style, but given the current sentiment, I thought I would be open to the topic.</p> <p>It suddenly dawned on me that rather than all these ongoing initiatives, carbon taxes, subsidies etc., would it not be more effective to provide a levy tax/cost on shareholders that hold 'unsustainable' securities? I am aware of the knock-on effects such a policy would have on financial stability, but at the same time, billions of dollars are spent elsewhere to promote ESG. </p> <p>This is probably the wrong subreddit, but I thought this would be a great place to discuss and would love to hear some other people's thoughts.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Danzkys"> /u/Danzkys </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/1320qv8/thoughts_on_an_esg_tax_for_shareholders/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/1320qv8/thoughts_on_an_esg_tax_for_shareholders/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>I've been doing some research on ESG these past months. I'm not an advocate of the investing style, but given the current sentiment, I thought I would be open to the topic.</p> <p>It suddenly dawned on me that rather than all these ongoing initiatives, carbon taxes, subsidies etc., would it not be more effective to provide a levy tax/cost on shareholders that hold 'unsustainable' securities? I am aware of the knock-on effects such a policy would have on financial stability, but at the same time, billions of dollars are spent elsewhere to promote ESG. </p> <p>This is probably the wrong subreddit, but I thought this would be a great place to discuss and would love to hear some other people's thoughts.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Danzkys"> /u/Danzkys </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/1320qv8/thoughts_on_an_esg_tax_for_shareholders/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/1320qv8/thoughts_on_an_esg_tax_for_shareholders/">[comments]</a></span>