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French lawmakers vote to slow down fast fashion with penalties
(www.france24.com)
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this post was submitted on 15 Mar 2024
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A tax like this will make the prices of some goods go up. Such price increases are measured as inflation.
This is a highly regressive tax. It's 50% on certain items below 5 EUR (soon 10) and less for items above that. Over the price, the rate goes down. For items at 50 EUR (100 EUR), it is only 10%.
Making cheap clothing in particular more expensive doesn't sound much like looking out for the 99%.
Well none of the measures to curve rampant consumism lead to cheaper prices
I was happy to hear the side of slowing down "fast fashion" because it is Hot garbage
But you are right, there are more aspects to this issue
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