Quote:
Originally Posted by EldrickOnIce
Was, is and always will be my problem with the carbon tax:
"providing incremental fiscal capacity for government priorities, be they infrastructure spending, tax reductions, deficit reductions or other programs."
Take the $3B and put it into effective green policy initiatives, and its all good. Make it just another slush fund revenue source for mismanaged spending, and it's less good.
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When I step back and think about it, this is my biggest issue as well.
Carbon (dioxide) reduction, global warming, carbon (dioxide) taxes.....whatever.
Ultimately I don't trust the NDP to be able to efficiently allocate the capital that they are raising with this new tax. They are creating a new bureaucratic hub to do so, and I question whether additional bureaucracy is necessary when we are already burdening ourselves with debt to cover operating expenses.
The NDP then get to pick winners on the green initiatives side. That is terrifying if you look at how they've handled themselves with other business related transactions. Their inability (refusal, incompetence?) to read a contract document landed them in the PPA mess, and we are supposed to blindly trust their ability to allocate billions of dollars per year to green initiatives?
The chances of us ending up in a similar situation as Ontario (largest sub-sovereign debt load in the world) is far more likely than us suddenly becoming a "diversified green economy."
And its not like we are talking about politicians that have business and capital allocation experience either. We are talking about politicians that shortly before the election held positions like grocery clerk or college student. And these are the people deciding who's green initiative gets funded.....