Based on what I dug into regarding the concept, a closed-loop economy focuses on three principles:
Eliminate waste and pollution
Circulate products and materials
Regenerate nature
This being the case, I don't see exactly how taxes come into play in any detracting way. Plus it's pretty lightweight with financial requirements too. It's more of a modern day more aggressive recycling game plan for a community.
Based on what I dug into regarding the concept, a closed-loop economy focuses on three principles:
This being the case, I don't see exactly how taxes come into play in any detracting way. Plus it's pretty lightweight with financial requirements too. It's more of a modern day more aggressive recycling game plan for a community.
Circular economy is a better term.
Closed-loop economy would be more like all money used is also generated within the system. No money is added or subtracted from the community.
But whatever... I get what they're talking about.