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October 9, 2008

Elasticity Of Demand

And more

[CD Howe economist] Jack Mintz does not sound as supportive of the Liberal Green Shift as the Liberals make him out to be. What I would like to note two things. In terms of the tax itself, Mintz does not seem to think the Green Shift would obtain the targets the Liberals need to obtain to meet the Kyoto Accord. Secondly Mintz seems to think that the Conservative plan is much more effective at the real goal of meeting the targets themselves.

A tangentially related 25 billion dollar mystery...
[the Liberals] say they will borrow $25 Billion to fund post secondary education, but this will somehow be done outside the Government of Canada spending envelope and promised debt reduction.

Posted by Kate at October 9, 2008 12:18 AM
Comments

Will everyone please go over to the Globe and Mail and vote!

Posted by: MB at October 9, 2008 12:11 AM

As Ann Coulter said, "for liberals, history begins every morning". Anyone stupid enough to believe anything these lying cheating stealing liberal bastards and the willing accomplices the MSM say then it is caveat emptor. Never have these mutants told the truth and there are still people dull enough to vote for them, I hope your children will be proud of you when you have to admit some day you voted for failure. I saw through Turdeau in 1968 and the amount of money that pervert cost this country will never be recouped through taxes. Yea green shift that is where it is at! What is wrong with the environment CBC please enlighten us rubes?

Posted by: bartinsky at October 9, 2008 12:31 AM

The Dion carbon tax would increase pollution, not decrease it.
For starters they are going to raise the tax on diesel but not on gasoline, but diesel produces less C02 per mile than gasoline.
The tax will also drive businesses out of Canada to jurisdictions with lower environmental standards. That will result in more pollution, not less.
And we will be shipping more raw materials to places like China and shipping the finished products back, that shipping will cause more pollution too.
Meanwhile, back at the oil sands, if the tax reduces the output there, the oil will be replaced by oil from other producing countries.
Some of those countries still flare huge amounts of natural gas, in fact enough gas is still flared every year to supply all of Europe.
And other oil exporting producers in the Middle East are looking at importing coal to run their won industries and cities so it will free up more oil for export.
We could be exporting coal to them and importing their oil.
Wouldn't it be smarter to burn the coal ourselves if it came to that?
Like Harper said, it's insane and will screw all of Canada, but it will also screw the environment.
So it's a disaster of a plan, no wonder the media are hiding it for the liberals.

Posted by: Stan at October 9, 2008 12:34 AM

The Dion carbon tax would increase pollution, not decrease it.
For starters they are going to raise the tax on diesel but not on gasoline, but diesel produces less C02 per mile than gasoline.
The tax will also drive businesses out of Canada to jurisdictions with lower environmental standards. That will result in more pollution, not less.
And we will be shipping more raw materials to places like China and shipping the finished products back, that shipping will cause more pollution too.
Meanwhile, back at the oil sands, if the tax reduces the output there, the oil will be replaced by oil from other producing countries.
Some of those countries still flare huge amounts of natural gas, in fact enough gas is still flared every year to supply all of Europe.
And other oil exporting producers in the Middle East are looking at importing coal to run their won industries and cities so it will free up more oil for export.
We could be exporting coal to them and importing their oil.
Wouldn't it be smarter to burn the coal ourselves if it came to that?
Like Harper said, it's insane and will screw all of Canada, but it will also screw the environment.
So it's a disaster of a plan, no wonder the media are hiding it for the liberals.

Posted by: Stan at October 9, 2008 12:35 AM

The Dion carbon tax would increase pollution, not decrease it.
For starters they are going to raise the tax on diesel but not on gasoline, but diesel produces less C02 per mile than gasoline.
The tax will also drive businesses out of Canada to jurisdictions with lower environmental standards. That will result in more pollution, not less.
And we will be shipping more raw materials to places like China and shipping the finished products back, that shipping will cause more pollution too.
Meanwhile, back at the oil sands, if the tax reduces the output there, the oil will be replaced by oil from other producing countries.
Some of those countries still flare huge amounts of natural gas, in fact enough gas is still flared every year to supply all of Europe.
And other oil exporting producers in the Middle East are looking at importing coal to run their won industries and cities so it will free up more oil for export.
We could be exporting coal to them and importing their oil.
Wouldn't it be smarter to burn the coal ourselves if it came to that?
Like Harper said, it's insane and will screw all of Canada, but it will also screw the environment.
So it's a disaster of a plan, no wonder the media are hiding it for the liberals.

Posted by: Stan at October 9, 2008 12:37 AM

Whoops, sorry about the multiple posts.

Posted by: Stan at October 9, 2008 12:40 AM

Good old Peter the dork is busy softballing Steffi right now, how anyone could not break out laughing at this millie is beyond belief. Just imagine if Steffi had A PLAN, get a grip Canada, there is a manly man running the show now, do you want a girly man like Steffi getting any closer than his usual sniffing of Steves ass, I think not.

Posted by: bartinsky at October 9, 2008 12:41 AM

"Whoops, sorry about the multiple posts."

He did it again.

:)

The version of green shift thats on their website vs on their flyers shall I say differ,.

Posted by: dinosaur at October 9, 2008 12:45 AM

Jack Mintz has a column in todays National Post and he says that Harper has the best platform for todays conditions. Maybe its about time the MSM starts questioning the Liberals about their so-called supporter!

Posted by: Al W at October 9, 2008 1:03 AM

$25,000,000,000! Do lefties enjoy paying taxes? I just don't get it. I'd rather make my own choices in life.

http://en.wikipedia.org/wiki/Tax_Freedom_Day

Posted by: MH at October 9, 2008 1:09 AM

[the Liberals] say they will borrow $25 Billion to fund post secondary education

Somehow I think this money would mostly be spent towards the "soft" studies, not those subjects that actually, like, train or teach students to, like, actually DO stuff in later life, as opposed to cranking out graduates that feel entitled.

Sorry, for all the, like, commas.

Posted by: PiperPaul at October 9, 2008 2:10 AM

Re the $25B; a possibility is copying Prem. Gordon Campbell's (B.C.)one trick pony. Sell off Crown assets, you know, the ones the Taxpayer has already paid for. Crown Corporations like (CBC?), Canada Post, Royal Canadian Mint. Some, like the Mint, are quite profitable.
I'm not recommending that route, just pointing out the possibility of it happening...

Posted by: DaninVan at October 9, 2008 3:33 AM

"the Liberals] say they will borrow $25 Billion to fund post secondary education"

Tickle their ears.

I missed the Mansbridge interview last night...so at what point did Petey lean into the camera and with an intellectual twist of his eyebrow say:
"Well, Mr. Dion that sounds like socialism. Care to explain to our viewers."

Yeah...didn't think so...

If there is one good thing that will come out of these un-freaking-believable polls it should light a fire under the butt of riding offices.

Posted by: b at October 9, 2008 9:01 AM

"Sell off Crown assets, you know, the ones the Taxpayer has already paid for. Crown Corporations like (CBC?)"

Made my day. Hadn't thought of that solution to pollution. Sell CBC to Aspers. That would solve it.

On a local note and unintended consequences - the local municipality and rural municipalities have opened up a new more environmentally friendly landfill with huge tipping fees to replace the old dumps that were free. Locals plan to burn a lot more of their waste plastics etc. and it is obvious that the backroads will have a lot more garbage alongside them. Imho - the huge tipping fees which were designed to "recover costs" will have to be doubled in a few years as less than half of the former volume of trash makes its way to the landfill.

Globally, locally? Same stuff different scale.

Posted by: Paul A. at October 9, 2008 9:38 AM

In the Mansbridge interview last night, Dion used the words "social justice" frequently, whined continually about his entitlement to be PM. He told a guy in Calgary who questioned the effect of more taxes on his aerospace job that the aircraft all have to go green, to save his job, buy Bombardier's new jets. (so get rid of your jets Westjet) and there will be no Prime Minister greener than him. (He can say that again). While bashing Harper over his economy handling, Dion in the next breath, when pushed, admitted he does not have an economic plan. His plan is to have a month of meetings to make the plan. Dion also thinks a single mother making $20,000 per year who will receive a $2400.00 tax cut from him, will be raised out of poverty. Such are the ideas of a Sociology Professor. Unbelievable. A total dork.

Posted by: Sounder at October 9, 2008 9:47 AM

So borrowing an addition 25 Billion is different from a 25 Billion deficit - How?

Imagine if some former CEO spent 25 Billion on his former industry. We would call it a conflict of interest. How come when Dion wants to spend 25 Billion on university there is no conflict of interest charges? University is Dion's business.

Posted by: Joe at October 9, 2008 10:16 AM

People need to understand that even well formulated and executed government taxation policy will have unintended consequences (more pollution, price distortion), but poorly thought out or politicized policies ("reduce" poverty, shift money from one region to another, build day care centres with enviro taxes), always result in disastrous consequences.

Dion is still parading lie that Cdn G8 performance is worst, letting people believe the Dept of Finance and Mr Flaherty are one in the same, that governments tell central bank what to do.

Why aren't (central) Canadians suspicious of politicians who exploit disasters/corrections/suffering to gain political office, then blame others for not feeling their pain?

I hope my eastern friend is right, that voters will come to their senses, that they aren't telling pollsters what they really think (when the actually talk to them, I don't know anyone who has actually talked to pollster).

Speaking of polls, EKOS clearly shows Tories well ahead in every region in Quebec, including every demographic that tends to vote. No reporting anywhere that I can find (I looked). EKOS has CPC 11% ahead of LPC, and is a daily, not rolling number, which right now tend to support opposition parties.

Dion makes nonsensical remarks about university departments utilized to make oilsands "sustainable," and we hear nothing from MSM. Dion talks about people having extra money lying around because of his promised tax cuts, with zero mention of the carbon tax itself, which he will go ahead with before his "consultations." Nothing on media.

If combined NDP/Lib vote yields them less than 155 seats, I will breathe hugh sigh of relief. Will Canadians ever know how close they came to socialist coalition government?

Think before you vote and don't let post election gambit, without another election, give result Canadians will have clearlty signalled they don't want.

If they return a Tory minority government (highly likely) I believe it will be a signal from voters, to all parties, that they are to get to work and stop the partisan bickering, and make parliament work. Any party that forces an election in that scenario will be severly punished, as Tories have been now to certain extent.

Posted by: Shamrock at October 9, 2008 12:21 PM

Paul A; better yet bring Peter Pocklington out of retirement and pay him to take over the CBC...;)
*evil chuckle*

Posted by: DaninVan at October 9, 2008 12:29 PM

Sorry, should read Tories leading in every region EXCEPT Quebec.

Posted by: Shamrock at October 9, 2008 12:37 PM

I cannot believe that people think the Liberals would be better to manage an economic crisis. Stephie just woke up to the crisis last week, while the Tories were preparing the countries finances to weather the turmoil they saw coming for the past 2 years. Stephie not only has no plan except to have 30 days of meeting to come up with a plan, he has no clue.

Posted by: Brett at October 9, 2008 2:17 PM

Surely everyone is aware just how Dion’s “Revenue Neutrality” works?

It’s a synonym for Liberal client groups.

Posted by: bud at October 9, 2008 2:41 PM

bud,

I wish you were right that everyone is aware of how "revenue neutrality" works. Unfortunately, I think those of us who do are in the minority. Anybody who got their "reality check" from CBC and Terry Milewski after last Thursday's debate would have learned from that impeccable source that the Green Grift is truly "revenue neutral".

I don't believe that Stephane Dion understands even one tenth of the Liberal platform. He certainly doesn't understand the difference between "revenue neutrality" and fiscal neutrality.

Posted by: felis corpulentis at October 9, 2008 6:03 PM
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