Quote:
Originally Posted by Azure
When you are dealing with an oligopoly, there is no true competition, and therefore the market cannot correct the greed.
Canada has this problem in a big way. It is also something our government has been complicit in creating.
It is also becoming very clear that the unforeseen consequences of implementing the carbon tax in the middle of a pandemic / economic meltdown is resulting in the cost of living becoming far higher than expected. It is obviously not the sole reason for costs going up, but it is PART of the reason, and it is something the government has control over.
While I agree with taxing carbon at the most original source, I do not agree with taxing it further down on the consumer side, especially when dealing with an already hurting consumer base. You can spin it anyway you want, but with every other cost being passed onto the consumer because of the situation the past few years, not trying to find ways to alleviate the carbon tax on more essential need items is extremely stupid.
At this point one has to be pretty delusional to think that implementing a carbon tax on food production in Canada will do ANYTHING to emission levels worldwide.
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But we already went through why the carbon tax increase in the last two years isn’t really contributing to the lack of affordability or inflation in any significant way no matter how you account for it. You aren’t even arguing the economic drag here, it appears you are talking about direct and indirect costs which tend to be close to a wash or a positive for lower income people.
You have stated that cutting the tax will not cause the oligopoly to reduce prices.
Yet your conclusion is that one method of reducing the impacts of inflation is to get rid of the Carbon tax. I don’t follow your logic here.