[Thunderball]

This is the worst idea I have ever heard, and it makes me ashamed that Dion is educated, yet comes up with this crap.

This is an economy killer... and many posters have already done a great job of illustrating why, but I'll give it a shot too and keep it in very simple terms.

How to Ruin an Economy, By Stephane Dion:
Income Taxes go down = Good
Need for Efficiency = Good
Potential Income to Green Initiatives = Good
Polluters get hit with tax = Good
Polluters pass hit to consumer = Bad
New Tax for Consumers = Bad
Cost of finished goods goes up = Bad
Cost of Rent goes up = Bad
Cost of Fuel goes up = Bad
Cost of Heat goes up = Bad
Cost of other Utilities go up = Bad
Cost of Transportation goes up = Bad
Cost of Construction goes up = Bad
Cost of Fruit and Vegetables goes up = Bad
Cost of other grocieries go up = Bad
Cost of Living goes up = Bad
Cost of Construction + Transportation = Reduction in Industry (Bad)
Reduction in Industry = Decrease in Employment (Bad)
Decrease in Employment = Less Discretionary Spending, Lower Standard of Living, Recession and Less Taxable Income (All Bad)
Less Discretionary Spending = Hit on Retail/Service Sector (Bad)
Hit on Retail/Service Sector = Decrease in Employment in Largest Sector(Bad)
Lower Standard of Living = Bad
Recession = Bad
Less Taxable Income = Less Money for Green Initiatives (Bad)

Anyone who says otherwise simply isn't paying attention to economics here.