Posted on May 27, 2019
Carbon tax smackdown, part 1: Terence Corcoran says higher prices at the pump don’t mean fewer...
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Canada right now is in the middle of a Schism between Pro and anti carbon tax factions. AOC borrows from the Canada model. Only California is silly enough to have something like this. Ocasio Cortez is the tail wagging the dog of the Democratic presidential hopefuls. It is in full swing here in Canada so hopefully the Democrats can take note that it is causing problems economically and three provinces are fighting the federal government. Recently, a conservative Governor came back into power in Alberta so Alberta can get out of its oil recession. Even Walter Mitty presidential hopeful Governor Inslee of Washington prefers to buy oil from 4700 mile away communist Russia instead of buying oil from Alberta 1000 miles away.
Carbon tax smackdown, part 1: Terence Corcoran says higher prices at the pump don’t mean fewer...
Posted from nationalpost.com
Climate Change
Canada
Science
Democrats
Posted >1 y ago
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Thank you, my friend LTC (Join to see) for posting Terence Corcoran and Andrew Coyne go head-to-head on whether a carbon tax is the proper tool to fight climate change.
Carbon tax is voodoo economics IMHO
"According to the oracles of carbon economics, a carbon tax must be applauded because it is a “market-based” tax that acts just like a “market price” which, under the infallible economic laws of supply and demand, will automatically produce reductions in carbon dioxide emissions more efficiently than regulations and other big-government measures.
As the current $20-a-tonne federal carbon tax — about 4.4 cents per litre of gasoline at the pump — rises to $50 or $100 or even $200 in years to come, fossil fuel consumption will fall, an outcome allegedly guaranteed by economic theory.
None of this carbon tax dogma stands up well in the real world, as I will demonstrate shortly.
Nor should Canadians fall for the new-found carbon tax miracle revealed by the Parliamentary Budget Office and embraced by such carbon tax enthusiasts as Calgary’s Pembina Institute and Toronto’s Globe and Mail, which recently said that “more taxpayers will get back more in carbon tax rebates than they’ll pay in carbon tax.”
Sounds amazing: You pay a tax and the government gives you back more than you pay. Fantastic. Let’s have a bigger carbon tax! Imagine: If a $20 carbon tax produces a refund of $307, then a $200 carbon tax will mean an annual tax refund of more than $3,000."
FYI COL Mikel J. Burroughs LTC Stephen C. LTC Orlando Illi LTC (Join to see) LTC Ivan Raiklin, Esq. Maj Bill Smith, Ph.D. Maj William W. "Bill" Price Capt Seid Waddell Capt Jeff S. CPT Jack Durish MSgt Robert C Aldi SFC Stephen King MSgt Danny Hope SGT Gregory Lawritson Cpl Craig Marton SP5 Mark Kuzinski SGT (Join to see) Maj Marty Hogan
Carbon tax is voodoo economics IMHO
"According to the oracles of carbon economics, a carbon tax must be applauded because it is a “market-based” tax that acts just like a “market price” which, under the infallible economic laws of supply and demand, will automatically produce reductions in carbon dioxide emissions more efficiently than regulations and other big-government measures.
As the current $20-a-tonne federal carbon tax — about 4.4 cents per litre of gasoline at the pump — rises to $50 or $100 or even $200 in years to come, fossil fuel consumption will fall, an outcome allegedly guaranteed by economic theory.
None of this carbon tax dogma stands up well in the real world, as I will demonstrate shortly.
Nor should Canadians fall for the new-found carbon tax miracle revealed by the Parliamentary Budget Office and embraced by such carbon tax enthusiasts as Calgary’s Pembina Institute and Toronto’s Globe and Mail, which recently said that “more taxpayers will get back more in carbon tax rebates than they’ll pay in carbon tax.”
Sounds amazing: You pay a tax and the government gives you back more than you pay. Fantastic. Let’s have a bigger carbon tax! Imagine: If a $20 carbon tax produces a refund of $307, then a $200 carbon tax will mean an annual tax refund of more than $3,000."
FYI COL Mikel J. Burroughs LTC Stephen C. LTC Orlando Illi LTC (Join to see) LTC Ivan Raiklin, Esq. Maj Bill Smith, Ph.D. Maj William W. "Bill" Price Capt Seid Waddell Capt Jeff S. CPT Jack Durish MSgt Robert C Aldi SFC Stephen King MSgt Danny Hope SGT Gregory Lawritson Cpl Craig Marton SP5 Mark Kuzinski SGT (Join to see) Maj Marty Hogan
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