Industrial pollution has been one of the major contributors to environmental degradation, like water and air pollution, which has stemmed mostly from the activities of large conglomerates. The
government
,
however
, as a way of curbing and ensuring safe practices by
such
companies
in the industrial sector, believes that introducing
taxes
as a penalty is the best solution, but others are of the opinion that there are other measures that can be employed to resolve
such
a problem.
While
I agree with the latter, I stand firmly with the former as the best method for handling
such
a matter.
On one hand, the introduction of
taxes
has its demerits in the cooperate world,
that is
, It has a huge impact on the profit margins of any company. One of the main goals of the
companies
doing the
business
that they do is to generate wealth and income so that they remain functional from revenue gained,
however
, the introduction of
taxes
then
leads to a reduction in those profits made, which has an adverse effect on the income of the employees and dividend payouts, thereby threatening their survival and the dismissal of a number of workers to try to cover
such
costs.
Moreover
, it is the
government
's responsibility to come up with educational programmes and campaigns that will teach and hand out knowledge to these firms on how best to reduce the emissions and manage waste produced which affects the environment so that it can be clean and safe for humanity.
On the other hand
, the imposition of
taxes
might be the most applicable way to ensure standardized and safe practices by firms in the industrial
business
.
Such
an act will make sure that
companies
are responsible and liable for whatever problem they cause because
taxes
affect the
business
's surpluses, they will try by all means necessary to work within the regulations of the
government
to avoid conflict with the state.
Moreover
, contamination of air and water sources leads to diseases
such
as asthma, tuberculosis, bronchitis and diarrhoea which have a terminal effect on human civilization,
thus
, the income from those
taxes
will be channelled to help out citizen who would have suffered harshly
for example
, cover their medical bills and insurances.
In conclusion, the use of
taxes
by the
government
as a way to control
business
activities in the industrial sector might be opposed by many,
however
, l believe it to be the best solution in order to encourage responsibility and
companies
to be liable for the problems caused.