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Re: LT: [EconomicReform][LandCafe][TaxShift] British Columbia expands its Carbon Tax...Yes, they already have one!

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  • Scott Bergeson
    Quoting Scott on the Spot on Thu, 05 Jul 2012 ~09:53:00 -0000: From the NY Times:
    Message 1 of 1 , Jul 5, 2012
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      Quoting Scott on the Spot <ssbaker305@...>
      on Thu, 05 Jul 2012 ~09:53:00 -0000:

      From the NY Times:

      ON Sunday, the best climate policy in the world got even better:
      British Columbia's carbon tax
      - a tax on the carbon content of all fossil fuels
      burned in the province - increased from $25 to $30 per
      metric ton of CO2, making it more expensive to pollute.

      This was good news not only for the environment, but
      for nearly everyone who pays taxes in British Columbia,
      because the carbon tax is used to reduce taxes for
      individuals and businesses. Thanks to this tax swap,
      British Columbia has lowered its corporate income tax rate
      to 10% from 12%, a rate that is among the lowest in the Group
      of 8 wealthy nations. Personal income taxes for people earning
      less than $119,000 per year are now the lowest in Canada, and
      there are targeted rebates for low-income and rural households.

      Why is that news "good"? Are you or the NYT a cheerleader for
      Al Gore's, et al's financial portfolios? This seems pretty much
      the antithesis of a CD. And how about just disincorporating
      (cease being legal corporations; not disembody them, silly!)
      the people so income tax won't be exacted from them?
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