B.C.’s Carbon Tax: A Regressive Hoax

Here's a link to an interesting article about British Columbia's carbon tax...

Some points of note:

"...the average retail price of gas in Canada, adjusted for inflation, has risen forty per cent in the past five years. The increase is the equivalent of $120 per tonne of emissions — four times as much as the maximum tax proposed in B.C.

But consumption did not decline. In fact, during the same period both gasoline sales and greenhouse-gas emissions rose to record levels.

In effect, we’ve already tried a much tougher carbon tax than B.C. is proposing — and it didn’t work. Corporations passed the cost onto customers, and wealthy consumers absorbed higher prices easily. Working people and the poor tightened their belts, spending less on other things."

"In short, the B.C. carbon tax is regressive, shifting ever more of the province’s tax burden onto working people, while reducing taxes on corporations. It will do nothing to cut emissions or slow global warming."