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Originally Posted by Truenorth00
Simple question. What's better for the environment?
A) Replacing a gas car with an EV.
B) Replacing a gas car with a bicycle, a bus pass and sneakers
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Option B is better for the environment, but it is not realistic given our current infrastructure. Our goal is to be net zero by 2050. Given how slow government moves there is no way in hell that we will have half decent transit and cycling infrastructure for 80% of Canadians in that timeframe. It would be great if we could, but it is probably going to take much longer.
Option A is more realistic - it's the lowest hanging fruit, and something we can do now which would have a remarkable immediate impact. Deal with that now so it's out of the way, while also planning transit and pedestrian upgrades.
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Originally Posted by Truenorth00
Under your suggestion the person who lives carless and works from home, is subsidizing the guy replacing his F150 with a Lightning.
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Agreed under the current system, since semi-trailers aren't exempted from the carbon tax, but not under what I'm proposing.
My solution: The F150 owner should be taxed more at the pump, but semi-trailers should be exempted since they don't have another market-ready option. The only argument to tax transportation companies is to incentivize them to pick more efficient routes, but that point is moot since they are already heavily incentivized to do that through competition.
In a few years when there are more commercially viable semi-trailers on the market then we should tax the hell out of ICE semi-trailers and provide similar rebates for them to upgrade to electric.
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Originally Posted by Truenorth00
Also, you have some terrible assumptions piling on assumptions. Starting with the idea that the carbon tax is being collected nationally. It is collected by province. This is why provinces with the federal backstop all have different rebates. The provinces can decide what to do with that money. The rebate only applies to the federal backstop. And the only amount rebated is what is collected in that given province. Quebec and BC don't rebate, for example. Quebec doesn't impose a fixed carbon price either. It participates in an emissions trading scheme. So if you have issues with the carbon tax spending tell your provincial government. It's not a federal matter.
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My argument is against any system that does the redistribution scheme regardless of whether it's provincial or federal. You're arguing the politics, I'm arguing for what changes are necessary to the structure of the tax so that it actually does work.
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Originally Posted by Truenorth00
So you don't understand how carbon taxes work in Canada, or how the federal backstop works and still think it's all the federal Liberals fault? The reason I'm calling you out is for this partisan BS.
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I have a better understanding of their theory now, thanks, but I still disagree with its current construct. They should be using 100% of it for rebates.
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Originally Posted by Truenorth00
A guy who claims price signals (the foundation of all economics) don't work claiming that others don't understand economics is rich. I'm going to bet money that you never took a single economics course in high school or university. Or at the very least never paid attention.
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Oh the price signals will definitely work - but it is impossible to know what the
actual longterm response will be. Predicting future human behaviour accurately is incredibly difficult. Even people who get it right once, have a long track record of being wrong. The vast majority of predictions about what will happen in the economy turn out to be wrong. This includes me, you, economists and investors.
And actually I took multiple economics courses in University, and Statistics courses, and other math courses when I got my engineering degree. I also ran a profitable business on the side while I was studying.
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Originally Posted by Truenorth00
I was part of a team that won a startup competition in Toronto in the early 2010s. And I did that as a side thing to help out my buddies doing the competition. The fact that you make this assumption says a lot about you.
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Congratulations, didn't know that. What was the business, and did it actually make a profit and does it still exist? Also, did you personally sell its products to customers?
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Originally Posted by Truenorth00
From, "Most Canadians are ignorant about economics," to, "Most economists are ignorant about economics...."
At this point, I'm just curious how you fit your ego in the room, what with all that superior economics knowledge and all.
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I have a large ego, but it doesn't make me wrong about this. Economists thought that QE won't lead to inflation, yet here we are. Economists thought that greenbelts and development restrictions won't inflate housing prices, yet here we are.
Economists are excellent at studying past economic trends - ie. understanding why certain economic events happened. But they are just as clueless as everyone else at predicting market responses, hence why there always unintended consequences to market manipulation.