this post was submitted on 16 Aug 2023
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East Cleveland Residents are Building a Closed Loop Economy (nextcity.org)
submitted 1 year ago by [email protected] to c/[email protected]
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[–] [email protected] 1 points 1 year ago

Based on what I dug into regarding the concept, a closed-loop economy focuses on three principles:

  1. Eliminate waste and pollution
  2. Circulate products and materials
  3. Regenerate nature

This being the case, I don't see exactly how taxes come into play in any detracting way. Plus it's pretty lightweight with financial requirements too. It's more of a modern day more aggressive recycling game plan for a community.