A lot of good points here. Brown's plan to implement the federal carbon tax and reduce income tax, etc. instead was perfect. It's exactly what economists like UofC's Trevor Tombe, or Andrew Leach, or UWO's Mike Moffat recommend. It's a market-oriented solution to the externalities of climate change.hugh_da_man wrote: ↑Feb 14th, 2018 3:17 pmThis is factually incorrect. A lot of fiscal conservatives believe in climate change and love carbon taxes. The "left" wing are the people who hate carbon taxes because it's a regressive tax. So they do everything they can to avoid making a real carbon tax while still calling it a "carbon tax". See Alberta and their carbon tax rebates. Carbon taxes should be regressive as the goal is to reduce emissions. If you emit more you should pay more and a real carbon tax would create an incentive for people to decrease their emissions to decrease their tax burden. Decreasing taxes also goes against everything the "left" believes in and so they don't like real carbon taxes.
I think we should have a massive carbon tax and it should be balanced by reductions in income taxes. You'd see emissions crater as it would make financial sense for people to invest in cleaner energy and emission reductions. The people selling you the "carbon tax" of today don't actually care about reducing emissions.
It's a shame the Tory candidates are poised to ditch the best idea they had... it's going to lead to more years of Wynne's cap & trade mess.