The Greatest Tax In The World

B.C. Finance Minister Carole Taylor introduced today in her new budget the first serious carbon tax in Canadian history. Effective July 1, the carbon tax will start at a rate based on $10 per tonne of carbon emissions and rise by $5 a year to $30 per tonne by 2012. This is the equivalent of an extra 2.4 cents on a litre of gasoline, rising to 7.24 cents per litre of gasoline by 2012.

The carbon tax is expected to generate $1.8-billion over the next three years, all of which will be refunded to taxpayers through rebates and income tax reductions. It is not expected to pose a threat to B.C.s annual growth of 2.4% or to the government's $50 million surplus.

So just how good can this get ? The carbon tax encourages businesses to pollute less, it takes no money aways from the taxpayer, and poses no threat to economic growth. It's been used in Europe, and the results prove that it works.

So why not in Canada ? Go figure.