Sask Carbon Tax

[jazz]

The PBO already knows we are shaving $30B off our GDP chuck. Are you into the safe supply again?

[AlbertaFarmer5]

Yes, but the most important thing is that by destroying the economy, the CO2 tax made us all equally poorer. It's the Marxist way, right chuck?

[chuckChuck]

The inflationary effect of the carbon tax direct and indirect impact on inflation is well less than 1%. So hardly destroying the economy. So says the parlimentary budget officer.

And the estimate $25 billion cost to the economy in 2030 is compared to doing nothing which is not accurate if you are going to subsidize technology and use regulations like PP has talked about. Those have costs as well. But no comparison?

If higher energy prices are destroying the economy then any run up in the market price and excess profits that are paid the oil industry must also be destroying the economy?

Because unlike excess profits 90% of the carbon tax is returned to consumers to spend in the economy.

Alberta and Saskatchewan also have a hidden carbon tax so it must be also destroying the economy?

Small businesses are also getting some rebates now.

You guys got to stop believing PP who said crypto would solve inflation because he also wrongly says the carbon tax is causing all the inflation.

Except inflation is a problem in countries with no carbon tax.

So don't be sucked in to PP's bullshit.

[AlbertaFarmer5]

Can you define excess profits?
Did farmers have excess profits during 2022?

[chuckChuck]

Record profits in 2022 that drove inflation much higher.

How is this possible if Trudeau killed the oil industry?

[AlbertaFarmer5]

Didn't farmers also have record profits in 2022, didn't that drive inflation much higher?

[chuckChuck]

Food costs went up in part because of high commodity prices. And all the the other factors including Putin's attack on Ukraine which drove energy and food costs higher.

[AlbertaFarmer5]

So, oil companies had excess profits because of the war in Ukraine, but farmers didn't have excess profits because of the war in Ukraine? Even though grains went up much more than oil did?

[Hamloc]

Record profits in 2022 that drove inflation much higher.

How is this possible if Trudeau killed the oil industry?

What created these record profits? Demand! There was demand for oil that exceeded supply. Regardless of the tax and regulation policies of the EU, USA and Canada there was still strong demand. Supply was somewhat curtailed by government regulation and tax policies which contributed to a higher price. Now you want to blame the companies and excessively tax their success for being in the right place at the right time and for benefitting from government policy which restricted production?!

[jazz]

chuck taking his taking points right from Trudeau looks like. Sure dont remember food costs going up during the Iraq and Afghanistan wars. Even oil didnt go up much during those conflcits.

marxists just cant put 2 and 2 together. Govts cause inflation, nothing else.

[newguy]

chuck taking his taking points right from Trudeau looks like. Sure dont remember food costs going up during the Iraq and Afghanistan wars. Even oil didnt go up much during those conflcits.

marxists just cant put 2 and 2 together. Govts cause inflation, nothing else.

Any farmer that markets grain knows exactly what causes commodity price changes. Number 1 is the weather and number 2 is world disruptions.Globally Canada did very well as far as inflation.Moe increased te PST 20% plus expanded .Do you think that changed rent costs or new housing costs.Probably many times more than the carbon tax but in the end a very small % of inflation.

[jazz]

You think the weather changes prices and global disruptions. That’s so cute.

trade the equites markets for a few years. You will find out.