Thursday, March 14, 2019

Carbon taxes do not work

Cities will lose gas tax money if they don’t meet housing goals under Gavin Newsom’s plan


I cannot imagine an economist who could actually find theory that makes carbon taxes work. Here is another example:
Shypitka lamented the loss of the revenue-neutral aspect of the former BC Liberal government’s carbon tax, which was returned to the pockets of B.C. taxpayers. Now, he says the government is spending $900 million on CleanBC, while the carbon tax is set to bring in revenues of $1.7 billion next fiscal year, with more to come as the tax increases over the next three years.
He also questioned the appeal of reducing tolls and offering rebates for electric vehicles in the context of the East Kootenay and other rural parts of the province.

Carbon taxes theoretically lead to government carbon consumption which is not Green in any sense.  The concept was a lie from beginning to end, the intention being to fund government CO2 pollution with restricted private sector co2 pollution.

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