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Originally Posted by Fuzz
I figured you'd go right there. Indirect cost increases are minimal, as economists have shown, and I'm still ahead. Yes, it could be seen as a wealth transfer from those over consuming their carbon budget to those making efforts and different choices. You are still free to make poor choices like daily driving an F350 to work, but you have to pay more costs to cover some of your excess consumption. Think of it as an incentive to reduce waste. Waste is bad, so reducing it is good.
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Anyways the "science" of ecomomics are rooted in opinion and poltical bias most of the time and time scales also play a factor..This is illustrated by
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On average, however, the PBO said households will be worse off by 2030-31 when the economic impact on GDP and investment income is factored in — just not as badly off as his original report suggested last March.
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https://www.cbc.ca/news/politics/pbo...-tax-1.7348421
Guess it depends on what answer you want at the end.
Either way if you "think" you are better of, that is all that matters.
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Originally Posted by Fuzz
No, alone it isn't doing much for global emissions, but BC has shown it to be effective at reducing their provinces emissions, and carbon taxes have repeatedly been shown by economists from both sides to be effective. If your claim is that no one else on earth is making sacrifices, one, your wrong, and two, that's a stunningly defeatest attitude.
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As far as BC goes, thats great!
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This has resulted in nearly a 2% decrease over 12 years since the tax was first implemented.
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That 2008 - 2020***
*please note that there were lockdowns in 2020.
Is it the carbon tax in BC responsible for that?
The US (no federal carbon tax) has also seen a massive reduction (3 more years added in but still a massive difference)
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US greenhouse gas emissions have decreased since 2007, when they reached their peak. In 2022, emissions were 15.2% lower than in 2007.
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Again a pandemic in there but no federal carbon tax although similar programs from a few states (cap and trade)
Seem to being a much better job down there!