Saw the Premier’s press conference this morning and felt disappointed.
I, on principle, am against donating to political parties. So I decided to take some action by donating to charities (and at the same time sending an eCard to my MPP).
Hi Mr.Anand, I would like to thank Premier Ford and the Ontario PCs for bringing the carbon tax to Ontario by cancelling the Cap and Trade program in 2018. The carbon tax that was held as constitutional by the Supreme Court of Canada. I am donating to Gen Squeeze (832390199RR0001) and the Greenbelt Foundation (822521878RR0001) as a result of the maligned press conference hosted by the Premier on April 2, 2024. Sincerely, *****, an active constituent from Mississauga-Malton.
On March 26th, 2024, 300+ leading Canadian Economists signed an open letter on carbon pricing.
the most vocal opponents of carbon pricing are not offering alternative policies to reduce emissions and meet our climate goals. And they certainly aren’t offering any alternatives that would reduce emissions at the same low cost as carbon pricing.
Do you have evidence that the carbon pricing scheme as implemented disproportionately affects the middle/lower class? I would legitimately like to know. Keep in mind that while it’s often referred to as the carbon tax, there is also the carbon tax rebate that goes hand in hand with the implementation. The Parliamentary Budget Office (PBO) did an analysis and found the following:
As for the wealth of the economists that signed the letter, unless there is evidence of such, please don’t make claims you have not substantiated. I look forward to healthy, civil discussion.
Aren’t corporations exempt from the tax and allowed to buy carbon credits at a much lower price instead? And aren’t entire industries exempt, like agriculture (the single largest generator of carbon emissions in Canada)?
And don’t those rebates for the carbon tax stop at just $61k income for an individual? Thats barely enough to buy a 50 year old trailer in BC (and you don’t own the land it’s on) last I checked. Considering the cost of living I’m sure that “low income” cutoff is way too low.
All that amounts to middle class people who are barely making their mortgage payments paying more than corporate giants are.
When you measure tax contributions as a percentage of total wealth, corporations and ultra rich always pay less than everyone else.
Under the current carbon pricing scheme, there is no such thing as purchasing of carbon credits. This might be the case under a cap and trade system, which currently only exist in places like Quebec and California (and formerly Ontario). Additionally, if corporations were exempt, there would be no need to buy carbon credits.
There are special areas such as home heating where there is a temporary hiatus on the carbon pricing.
The carbon tax rebates apply uniformly. But remember that carbon pricing punishes those who heavily rely on carbon based fuels (e.g. people with multiple vehicles, homes, etc).
Carbon pricing is not intended to redistribute wealth. So the point about the upper class paying a lesser percentage of their wealth is not relevant and we also don’t have evidence of this.
There is also an exception on farm related fuels. I only mention this because there is also a huge misconception that the carbon rebate is increasing the cost to grow food and that’s why food prices are up so much.
Thank you for this point. This is important to highlight in the age of carbon pricing misinformation.
Then what’s the fucking point. Wealth distribution is core of all problems in society.
Wrong. You can literally do it with your own taxes. Go look up the corporate taxes for any public company (they’re public so they publish those numbers), and figure out what percentage of that company’s total wealth it is. Then compare that with how much tax you paid as a percentage of your total wealth.
You can even do it with billionaires because some of them, like musk, actually voluntarily share that info. Last year I paid over 20% of my total wealth in income tax alone, musk paid less 4%.
At the risk of insulting your intelligence, it’s to reduce the amount of carbon released into the atmosphere using economic controls.
I am not denying that the upper class may pay a lesser percentage of their wealth. What I am saying is that even if it is true, this is not relevant to the discussion on carbon pricing because that is not the objective in the first place.
The point of the carbon pricing is to mitigate the effects of the climate crisis.
Wealth redistribution is well deserving of its own discussion. However, on its own wouldn’t be a very effective tool to address the climate crisis as it does not hit the core of the issue, which is greenhouse gas emissions.
You know how corporations and the wealthy generate the majority of carbon emissions?
Well maybe they should also be paying the majority of carbon taxes.
Do you have evidence indicating that corporations and the wealthy do not pay their fair share of the carbon emissions they generate?
You know what, I’m sick of being told to take responsibility for a problem created by people thousands of times more wealthy and powerful than myself.
Why should people who can’t even afford homes be paying carbon taxes while the wealthy fly around in private jets and build mega yachts?
Fuck this backwards ass thinking.
You could have just said “no I have no evidence and I’m using my feelings as facts” that would have saved us all time.
Okay, so the problem is that because fossil fuels are cheap, most people don’t find it very worthwhile to explore new or more efficient ways to do things. This is especially true for the wealthy, for whom gas and heating costs are basically nothing, so they will do dumb shit like heat their homes while leaving windows open, or buy larger and less efficient luxury cars.
The federal program fixes this. It adds a small cost to using fossil fuels, collects that money, and pays it back out to everyone. That means that people who use more carbon than average (which, again, is the willfully wasteful) will see a small penalty for their waste, while the people who are already trying their best to cut back will see a LARGE benefit, as they get a direct payment of cash for doing their part to conserve. If you are about average, there’s very little impact on you, but you NOW have an economic inventive to try and economize.