(News Punch) Gas prices are too low and must be increased dramatically in order to “safeguard democracy,” according to Klaus Schwab’s World Economic Forum (WEF) which issued an edict demanding higher energy prices.
Yes, you read that correctly.
In an article published July 11, the WEF issued a call to its legion of Young Global Leaders, arguing that the sky-high gas prices we are experiencing in 2022 are simply not high enough. As though ordinary people aren’t suffering enough pain at the gas pump, Klaus Schwab is claiming the current prices are severely “underpriced.”
The WEF article is complicated and disingenuous, but it basically calls for an end to any and all tax credits for oil, gas and coal production — along with higher taxes. This idea isn’t new. Basically it’s the same idea as pricing fossil fuels based upon their carbon content. The result would make gas an unaffordable luxury for the vast majority of the population.
There are three more provisions you can read about at the WEF website, all of which would massively increase the price of fossil fuels across the board. The WEF justify this with this statement: