Quote:
Originally Posted by Ronald Pagan
And to suggest that firms simply pack up and leave to where there are fewer environmental regulations has been disproved by the literature. The decision on moving a factory depends on far more considerations than just environmental regulations or taxes. Look at the EU for proof where many countries have carbon taxes and many don't. Capital flight in the region has been minimal.
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The literature? How about looking at reality.
Look at the Oil industry in Alberta. Look at the impact that Stelmach's Brilliant (
) increase in royalties have impacted the oil industry in Alberta. Look at how much they have slowed and how much investment has been moved elsewhere.. such as Saskatchewan.
Did the oil industry need to be "slowed down"? Probably.. but there were so many people telling us that increasing the royalties as much as Ed did would have no impact because it wasn't high enough.
Now... we have the Liberals and their Brilliant (
) carbon tax and we have environmentalists and other Liberal supporters telling us, much in the same way, that it will not have a huge impact on the economy.
Right.
Tell me another one.