To Hypothecate Or Not To Hypothecate, That Is The Question

The Environmental Audit Committee in its latest report rounds on the government for giving environmental taxes a bad name. The Committee claims that the govenment is using taxes to raise revenue rather than to recycle into environmental improvements. Well, yes, isn't that what taxes are for? Can't we get away from this notion that green taxes are some special class. Basically, they're not. In essence they are perhaps better than some taxes in that they are targetted at bads rather than goods. There's some education to be done all round!