Quote:
Originally Posted by PepsiFree
The fact that people and businesses struggle infinitely more in a recession than a boom isn't even economics 101, it's basic logic.
That's like dismissing cancer by saying "Well lots of people gets colds, don't you think they're uncomfortable to?"
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I'm not suggesting that people don't suffer in a recession, or saying that people are worse off during a boom. There's different kinds of social and economic issues that arise in both scenarios, just because unemployment decreases during a boom doesn't guarantee less people are vulnerable when faced with increased expenses. Employed or not, if you can't afford something you can't afford it. People in lower paying jobs during boom times can face a level of cost increases on things like rent, groceries and other basic necessities that dwarf the carbon tax. Businesses with thin profit margins also face struggles to retain employees while staying profitable, so one could argue adding a tax at that time would have the same effect (or potentially worse) as introducing it while business is slower with lower labour, lease and product costs. At least in some scenarios.