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The oil industry is making billions from the Iran war—it should be taxed | CCPA
(www.policyalternatives.ca)
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It'll become another "axe the tax" talking point.
The axe the tax taxes are on Canadian consumers.
No, they are now complaining about industrial carbon taxes too.
Which are also paid by the consumer. Industrial carbon taxes make everything more expensive.
You know what else makes everything more expensive? Fucking flood insurance. We've had 2-3 "once in 100 year" floods in my area (not a flood plain) in the last 10 years. That's climate change and it's already causing increased premiums, decreased of maximums, and costs of renovations and flood proofing. Other areas have other problems, e.g., wildfires, heat domes, etc.
So we can either face the reality that climate change adaptation costs money and come up with a way to make the polluters pay for their externalities, or we can all sell our houses to Aquaman.
Everything is paid for by the consumer.
This is why you cant stop at taxing them more. It also needs to come with enhancing social safety nets and services.
Take more money from those who benefit the most economically from society, and use that money to enhance the lives of everyone.
People are less worried about paying 20 cents more for gas if they know they have more than enough to cover everything else. Right now everyone has been smacked by rampant inflation with little wage growth so every extra dollar going out hurts a lot more.
You have to grow the economy (gdp) if you want real growth without inflation. It's always easy to say someone else should pay for it, but we do need to ask ourselves what the purpose of government is. The more the government spends, the more inflation we have, especially when it produces demands for goods and services beyond current production capabilities.
So the real solution is for the government to help businesses and industries grow so they can be more competitive, hire more people, grow the gdp.