Tuesday, March 26, 2019

CARBON TAX IS COMING

It’s one more example of why government should stick to making the rules and avoid running things as much as possible. But even when it comes to making the rules, farmers and small business operators are frustrated. The problem is red tape and taxes. Survey after survey in Ontario lists bureaucracy and taxes as the biggest small-business headaches.
No matter how you stab it, an increase in bureaucracy and taxes almost always leads to less productive businesses. The more money you take away from businesses and the more burdens you put on them, the fewer resources they have for investing and expanding and hiring.
Now the federal government is on the verge of introducing the carbon tax on April 1, another job-killing idea that was already tried in Australia. After two years they dumped it. Earlier this year, the French went wild over a carbon tax and President Macron backed down.

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