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U.S. Treasury Secretary Janet Yellen has proposed a $3 trillion annual investment to combat global warming and transition to a low-carbon global economy.
This initiative has elicited a spectrum of reactions, with considerable skepticism and criticism emerging from various quarters. Critics argue that the proposal represents an excessive expenditure with dubious effectiveness.
Many question the practicality of securing such a vast amount of funding annually, expressing concerns about the potential burden on taxpayers and the economy. Skeptics highlight the absence of a clear financial strategy, fearing that the proposal might lead to increased taxes or national debt.
Some opponents have labeled the initiative as a veiled attempt at socialism, suggesting that it seeks to redistribute wealth on a global scale under the guise of addressing climate change. They argue that the plan could result in an unfair financial burden on developed countries while potentially failing to achieve meaningful environmental improvements. Others view the proposal as a form of global taxation. They criticize it as an overreach of government power, imposing significant financial obligations on the global population without sufficient evidence of its efficacy.
Janet Yellen: “The transition to a lower carbon global economy will require no less than $3 trillion.”pic.twitter.com/pozvCmIi6Y
— TFTC (@TFTC21) July 28, 2024
Democrat President Joe Biden’s administration is demanding a staggering $78 trillion to allegedly fight “climate change” by funding the World Economic Forum’s (WEF) “Net Zero” agenda.
The eye-watering price tag of the globalists’ green agenda was revealed by Biden’s Treasury… pic.twitter.com/eXSdQfBNrU
— Camus (@newstart_2024) July 28, 2024
Janet Yellen wants to spend $3 trillion a year to fight global warming.
Do you agree with her? Explain why…
— Polls and Opinions (@PollsNOpinions1) July 29, 2024
