Taxing Industries, corporates and individuals based on their environmental footprint is the only way to save the environment. Do you agree with the statement? Give your opinion.

Considering the steady rise in environmental issues the government has come up with an idea of introducing higher tax slabs for industries, corporates and citizens. In my opinion, I believe that

instead

of imposing an environmental tax on industries and individuals the management should come up with different ways of improving the ecological balance of nature. To embark upon, enlarging cess may generate financial problems for citizens and corporates.

Firstly

, in developing countries

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,

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the majority of people comprises of middle-class families who will face disturbance in the financial budget due to high rate taxes.

Secondly

, with the added environmental tax on

c

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a

the

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orporation,

this

would indirectly affect the lowering of the salary of its employees which affect the buying capabilities of countrymen.

Consequently

, it would have adverse effects on the nation's financial status.

On the other hand

, there are other useful ways by which the ecological balance can be maintained. The

first

and foremost step is to issue guidelines for the industries clarifying the disposal of wastes i.e, stop disposing it into the rivers and prefer recycling methods.

Furthermore

, for corporates and individuals, they should motivate them for afforestation by planting more and more trees which helps in maintaining the proportion of carbon dioxide. To conclude, charging higher taxes on environmental issues will only affect the economy of the country indirectly.

Therefore

, the government should enforce different methods like recycling waste, creating awareness among citizens regarding the negative consequences of pollution and implanting trees, these ways may be more helpful in dealing with environmental problems.