Video: Axe Trudeau’s tax on gas and groceries
YouTube Link: https://youtu.be/nE8hSfp1rqs?si=36ScmDsz5Gbnq_0L
@skillsgaptrain “Imagine, for a moment, the hardworking Canadian struggling to break free from the chains of poverty, grappling daily with the herculean task of not just surviving, but thriving in today’s economy. Consider the reality of their uphill battle, wrestling with the financial demands of purchasing, financing, maintaining, and repairing a vehicle every few years. A vehicle that’s more than a mere machine on wheels, but rather their lifeline, their means to get to their place of work, perhaps even multiple job sites. A lifeline fuelled by the hard-earned money siphoned off their modest paychecks – a demand that becomes even more pronounced when they driving daily across the city several times to two gruelling eight-hour shifts per day, as my father did.
Now, introduce the carbon tax into this already challenging equation. A tax that isn’t merely a one-off pinch, but a burden projected to multiply in the years to come, a lingering cloud of more carbon taxes that looms ominously over the future. This is not simply a tax on consumption. No, it’s a much deeper blow. It’s a tax on ambition. It’s a tax on the very aspiration of upward mobility.
This carbon tax impedes these tenacious individuals from reallocating their hard-earned money into assets tied to inflation – assets that could potentially offer them a slight buffer against the unyielding tide of rising costs. Instead, it confines them to a cycle of expenditure, a revolving door where their money exits their hands as fast as it enters. It cripples their chance at the first rung of the ladder out of poverty, denying them the ability to acquire an inflation protected investment asset that could give them some measure of financial security, but instead forced to allocate all available capital to vehicle, grocery and other energy costs.
And so, with the carbon tax, we are not only taxing their income but taxing their dreams, their chance to rise above their current circumstance. It’s a policy that inadvertently architects a state of perpetual poverty, making vehicle ownership a burdensome expense and the only significant asset they can barely afford.
This isn’t a mere fiscal policy debate – it’s a question of our collective conscience, our shared responsibility towards every striving, ambitious citizen in our nation. It’s time for us to ask ourselves – are we comfortable with a tax that hinders the progress of those in our society who need it the most? Is this the Canada we aspire to shape for future generations? It’s time to seriously reconsider the implications of this policy. It’s time to ‘Axe the Tax.'”
YouTube Link: https://youtu.be/nE8hSfp1rqs?si=36ScmDsz5Gbnq_0L
Recommended readings and references:
“Economics in One Lesson” by Henry Hazlitt – This book offers a clear and concise overview of economic principles that can help readers understand the impact of taxation and government policies on the economy and individual livelihoods.
“The Quest for Prosperity: How Developing Economies Can Take Off” by Justin Yifu Lin – Although focused on developing economies, this book provides insights into economic growth strategies and the role of government policy, relevant to discussions on fiscal policies like the carbon tax.
“The Road to Serfdom” by F.A. Hayek – Hayek’s classic work on the dangers of government overreach offers a foundational perspective on the balance between state intervention and individual freedom, applicable to debates on taxation and economic policy.
“Why Nations Fail: The Origins of Power, Prosperity, and Poverty” by Daron Acemoglu and James A. Robinson – This book examines how political and economic institutions shape economic success, offering context for understanding the impact of policies like the carbon tax on economic prosperity.
“The Fair Tax Book: Saying Goodbye to the Income Tax and the IRS” by Neal Boortz and John Linder – While focused on the U.S. tax system, this book presents arguments for tax reform that could spark discussion on alternative taxation models, including perspectives on consumption-based taxes like the carbon tax.
“Climate Casino: Risk, Uncertainty, and Economics for a Warming World” by William Nordhaus – This book provides an economic perspective on climate change and carbon pricing, offering a counterpoint to arguments against the carbon tax and deepening the debate.
“Taxing Ourselves: A Citizen’s Guide to the Debate over Taxes” by Joel Slemrod and Jon Bakija – Offers a comprehensive overview of the taxation system and its impacts, useful for understanding the broader implications of the carbon tax.
“The Big Switch: Rewiring the World, from Edison to Google” by Nicholas Carr – While not directly related to taxation, this book delves into the economic shifts brought about by technological advancements, providing background on the changing economic landscapes that policies like the carbon tax aim to address.
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