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Originally Posted by shotinthebacklund
This is a interesting premise. How do you effectively stop trickle down cost increases on the consumer side though? In the end I dont see a manageable way around that. The idea being there is going to be a consumer side but you will make it back on income tax? Canada is already in a massive dept hole. How do we fund that? raise GST?
Reducing Carbon load is going to come down to advancement in technology or energy production (nuclear). Sure you can use a system that charges for carbon are kicked back to funding green projects and advancements like the SDTC but... That money was by and large used as one giant corruption pit as whats very clearly shown. Maybe that was just a really bad board?
Until Canada bans the imports of Oil and gas that's being Shipped across the world from a place with very weak environmental or social standards I just cant take any of this carbon tax nonsense.
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The ship has sailed on making that work. Only because the trickle down effect wouldn't be that bad, and the oil and gas companies would rebel. The reason that it wouldn't be as bad as you think, is because gas price (-->transportation cost-->inflation) is tied to global markets and not local ones.
This has worked out really well in terms of making companies money locally, but if the tax burden was shifted to them completely, the impact would be felt locally by them, but not radically effect gas prices. This would effectively make them a victim of their own previously successful policy.
I realize that this is a radical oversimplification. I'm just saying that a heavy industrial carbon tax could be done, but it won't be done.
Also, zero chance of any government lowering income tax. They will just spend it or pocket it.
Carbon tax is an example of a idea that works in the theory but not practice.