I'm reluctant about the idea of a cap and trade system, but at the same time, I've been reading a lot in the last couple days about how companies are not reinvesting the money saved in their Harper tax cuts but instead building massive cash reserve stockpiles (something like $80 billion since 2008 (mostly under a rate that matches the 18% the Liberals propose), according to stats can).
To me, it seems that artificially forcing an investment in green technologies isn't an ideal way of creating jobs, but it is preferable to having corporations stockpile cash, which does nothing to stimulate the economy. I'd rather that businesses actually reinvest money in new jobs, equipment, etc. of their own accord, but if they're unwilling to do that, the government needs to find ways of incentivizing businesses to reinvest those savings into the economy.
|