Quote:
Originally Posted by GGG
The rebates being passed to individuals are be given back to businesses. Buisinesses charger higher prices contributing a small measurable amount to inflation but doesn’t affect purchasing power of the consumer.
The gas tax holidays were purely political in nature. For whatever reason the pump price that states you in the face everyday makes people really sensitive to it for what amounts to the smallest tax someone pays. At 50L a week a 15 cent gas tax cut is $390 per year.
I’d argue the carbon tax is working exactly as intended and if it would have worked really well if it had been in place globally 1992 when Koyoto started. It’s designed around incremental change.
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Not for 5 years they weren't. So you think now that they're final rolling back to small businesses that desperately needed them they'll magic lower their prices?
The discussion here is if the carbon tax resulted in prices being increased, and your position on the argument is 'well why would it, there are rebates' when that wasn't true for a very long period of time, including during the pandemic, and even despite that FACT you still can't admit that it drove up inflation more than anticipated?
Either way, looks very much like we'll have a Conservative government federally, and I for one cannot wait until this completely trash piece of legislation is kicked to the curb. Also nice to see more provinces wake up and realize what pile of garbage the entire thing is.
Trying to change behavioural spending without creating long-term incentives to push the spending in a certain direction = failure. We're over 10 years into this stupidity and there still aren't proper incentives in place to allow people & businesses to permanently move away from carbon based anything.