Monday, May 18, 2020

ECONOMY ON ITS KNEES; TIME TO HIKE CARBON TAX

  Rex Murphy:  Quoting Trudeau, “Our plan on pricing pollution puts more money upfront into people’s pockets than they would pay with the new price on pollution.”
   I am tempted to offer any reader who can decipher this all the Canadian Tire money I have in the home safe. And all the Air Miles, now that the planes are not flying, I have collected at Sobeys. Does it say anything, does it bump into coherence, even by chance, at any point? Is this some form of code?
   He goes on. “We’re going to continue to focus on putting more money in people’s pockets to support them right across the country.” And how do you keep “putting money in people’s pockets” by imposing a tax hike on those people? A tax — here’s an insight — takes money out of people’s pockets. It cannot be passed back to them in a greater amount than it takes out, or it is a subsidy. If that was the way taxes worked, that you got more back than you paid in, well, in the words of the world’s most illustrious economist — “Hit me baby, one more time.”

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