3 ms·
>Give me some examples. Canada works fine as an example. BC did a carbon tax provincially and was found to be taking a beating pretty badly. Much of the claime
by incomingpain 5y ago
>Give me some examples.
Canada works fine as an example. BC did a carbon tax provincially and was found to be taking a beating pretty badly. Much of the claimed success of their carbon tax was that emissions did drop briefly, but only because of the financial crisis. After the financial crisis finished, everyone in Canada recovered, even the atlantic provinces more than BC. Worse yet, new homes being built in BC practically came to a halt because concrete emits so much carbon. It was adding a tremendous amount of new cost to new homes. BC never recovered from the financial crisis until about 2017.
You know the best part of following the disaster the BC carbon tax? It was John Horgan's realization. He switched virtually all his environmental points away from carbon neutral to 'cleaning up wildlife habitats' and actually doing something for climate change like becoming a low-carbon... not zero-carbon... low carbon product producer. Kind of the point of my posts. Though you'll also notice... BC is the worst polluter in all of Canada. It is their forest fires from mismanaged forests that are killing Canada... and the NDP aren't even considering doing anything about carbon emissions anymore. It's beautiful to see someone's political ideology to evolve.
Alberta and Ontario politically scrapped the carbon tax because of the disaster that it is. Federal came along an implemented one and has now even raised it. All these have been in power for years and have achieved absolutely nothing.
>Horseshit. Here's a report from the Congressional Budget Office saying the exact opposite.[1]
Not up for debate.
https://www.investopedia.com/ask/answers/040915/how-does-law-supply-and-demand-affect-oil-industry.asp https://www.investopedia.com/ask/answers/040915/how-does-law...
https://www.federalreserve.gov/econresdata/ifdp/2016/files/ifdp1173.pdf https://www.federalreserve.gov/econresdata/ifdp/2016/files/i...
https://www.forbes.com/sites/tomkonrad/2012/01/26/the-end-of-elastic-oil/?sh=7689ab1c36d6 https://www.forbes.com/sites/tomkonrad/2012/01/26/the-end-of...
https://www.reed.edu/economics/parker/f10/201/cases/oil_demand.html https://www.reed.edu/economics/parker/f10/201/cases/oil_dema...
https://www.bankofcanada.ca/wp-content/uploads/2016/05/oil-price-elasticities-oil-price-fluctuations.pdf https://www.bankofcanada.ca/wp-content/uploads/2016/05/oil-p...
You may say horseshit as much as you please but oil is an inelastic commodity. There is no denying this. This is why carbon taxes are literally doing nothing.
https://en.wikipedia.org/wiki/Motor_fuel_taxes_in_Canada https://en.wikipedia.org/wiki/Motor_fuel_taxes_in_Canada
The Carbon tax isn't even a significant increase in the taxes on gasoline. If taxing it is reducing usage, then that's already happening, the marginal increase by the carbon tax is only a small drop in the bucket compared to the rest.
That's right... these fuel taxes are regressive. If a progressive tax means mainly rich people pay taxes. The rich are who can buy EVs and will disproportionately be avoiding the taxes. Increase in price of oil/gas means the poor and even middleclass can save up less to buy an EV.
Even better... clearly fuel taxes have far exceeded the laffer curve: https://www.investopedia.com/terms/l/laffercurve.asp https://www.investopedia.com/terms/l/laffercurve.asp
So why has this carbon tax done nothing? No plan to put solar panels on every home or buy everyone an EV? Why has literally nothing been achieved? They maxed out that tax. They dont actually receive more tax revenue to do anything with.
If your goal is to do something for climate change, carbon taxes aren't doing anything at all and clearly you think they are. That's how bad carbon taxes are for helping with climate change. People think they are doing something. If you are like me and want to do something for climate change, you vehemently oppose carbon taxes.
>Saying that over and over doesn't make it true. You haven't given any evidence to support your claims. I have.
It will be amazing the day that this breaks. It will come and we will see it the day it happens, it will coincide with an options expiration day. It will cause a major recession if not depression. This is the day that Alberta, Texas, etc become Detroit. Suddenly an elastic commodity feels the weight of tremendous taxation and will send oil prices to negatives where options and producers basically say they cant afford to produce. Then post-crash literally nobody will be there to buy. They just abruptly have to shutdown everything. Not exactly nostradamus, just explaining what has happened before.
https://www.cbc.ca/news/business/wcs-wti-alberta-oilsands-1.4865198 https://www.cbc.ca/news/business/wcs-wti-alberta-oilsands-1....
When Alberta had their insane carbon tax it happened locally. Oil prices around the world were normal, Alberta dropped briefly below $10/barrel in 2018. Never recovered until post-election in april 2019 and first thing Jason Kenney did was obliterate the carbon tax. Literally Bill #1 passed by a true majority government whose popularity peaked because they were to eliminate the carbon tax.
It's not some gradual slow reduction in production encouraging people to swtich to EV, it's a sudden we cant afford to pay our workers. We will stop producing until oil prices recover. Yet the economy still needs fuel to be produced but none will be coming to market. Diesel semi trucks being bought today are meant to be amortized for 20+ years. We need fuel for that long, fuel will happen that long.
If an election happens soon when this breaks. Then people will just vote out the clown politicians, cancel the carbon tax. If the election isn't happening anytime soon... this will be a revolution. Not by me... i'll be driving my cybertruck.