Yes, i would oppose a Liberal carbon tax, for those reasons ... but given honest competent managers in power [hah!], you could say ok the first 60k of income is free of income tax and we will replace the revenue by putting a one loonie tax on the litre-of-petrol equivalent of all fossil fuels ... not a production tax like the NEP, but a consumption tax, whether the fuel was produced domestically or imported, no matter, if you burn carbon here, you pay a buck per litre equivalent.
One of the advantages - some would start to make that 60k developing and producing alternative methods of energy production - solar, wind, microhydro, etc ... which would be a good thing, we are far too dependent on petroleum imho ... it would be more healthy to diversify the sources, and we could lead the planet in the technology to do so.
[edit] - OT, great article - contraryinvestor.com |