Quote:
Originally Posted by GGG
It doesn’t it will make everything more expensive and will depend what they do with the Carbon Tarrif money. In theory it could be wealth transfer from polluting industries to consumers through modification of the industrial carbon system where he talks about consumers being able to sell credits to industry
In the detail section they just state this
So I suspect the tax as outlined is negative from a consumer standpoint. We will see what rebates look like.
So when I say it’s a good plan I think it’s effective at reducing emissions while maintaining competitiveness for Canadian businesses. It effectively places Carbon taxes on all goods that are hidden from the consumer. If they are rebated back effectively it will minimize economic drag.
But it certainly doesn’t help with cost of living at best it’s fairly neutral just like the existing Carbon tax. And the bigger risk is that the Carbon Tarriff triggers trade wars
It’s just politically foolish to claim you are axing the Carbon tax by replacing it with a far broader carbon tax.
|
I think this is a stretch at best, and likely will just end up resulting in poorer results for people on the whole.
If I was voting for a leader I’d be curious to see how other plans stack up. But I have a hard time seeing how someone like Carney can grow the economy and diversify our exports (especially in times like this) when a major plank of his is something like this.