The carbon tax is nothing but a VAT tax structure. Given who is pushing this gives me no comfort on their assurances that it will be good, experience tells us it just the opposite. Given how this will permeate through every sector of the economy and at multiple levels within each sector, the potential of absolute disaster is a given. Noting that the people who push this are all about control or are completely incompetent, disaster is assured.
My son is a business major. We talked about fixing the economy. He had two suggestions.
1. Scrap Obamacare.
2. Reduce corporate taxes to zero for those companies that produce materials made only in the USA.