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This is why the carbon taxes that are being introduced in Canada are revenue neutral (carbon tax revenue flows back to people via income tax cuts/credits). This
by Tiktaalik 11y ago
This is why the carbon taxes that are being introduced in Canada are revenue neutral (carbon tax revenue flows back to people via income tax cuts/credits). This way people aren't immediately negatively impacted by spiking costs.
The high gas prices though create a huge incentive for people to change their lifestyles and avoid high carbon priced goods. People that switch to a fuel efficient vehicle or just ride a bike instead get to keep their revenue from the tax cut and their savings from using less/no gas.