Originally Posted by
wolfchild
I don't care how beautiful Vancouver is or how many bike lanes they have, that city is just too expensive to live in...LCF may be a necessity for many people in Vancouver because the cost of living is so high. One of the reasons why it's expensive to live there is because British Columbia implemented that damn carbon tax few years ago and the cost of living just shot up.
The carbon tax itself is not the problem, it is that it was used to offset tax cuts for corporations and wealthy people. However the main high cost of living in Vancouver is housing, and that is due in large part to foreign demand, not the carbon tax.
Forget the Praise: BC's Carbon Tax Is a Failure | The Tyee
"Most of the carbon tax revenues (2/3) have been in support of corporate income tax cuts, plus 17 per cent to personal income tax cuts, 12 per cent to a credit for low-income households, and small amounts for a bunch of boutique credits, some of which have nothing to do with carbon," Lee writes.
"The low-income credit, in particular, offset the carbon tax for the bottom 40 per cent when it was first introduced in 2008," Lee writes, "but as the tax has gone up, the credit has not, making that whole regime regressive -- that is, low-income households pay a greater share of their income to the tax than higher-income households."