Why Carbon Taxes are Good for Business

BC Canada enacted a carbon tax. Economists predicted economic doom. However, BC’s economy outperformed all the other provinces in Canada. Economists had a second look to figure out why their predictions were wrong. The tax was revenue neutral. Revenue from the carbon tax was used to reduce income taxes. Reducing income tax stimulated business and spending. Taxing pollution encouraged businesses to modernise and become more efficient and profitable.

~ Roedy (1948-02-04 age:69)