Cutting emissions by 25 per cent would impose a permanent cost of about 2.0 per cent of GDP.
A tax on businesses is paid by people who own the businesses.
Climate targets are irrelevant when determining whether a carbon tax is good policy.
The Trudeau government’s plan includes a target of $170 per tonne.
Revenue-neutrality for governments will require other taxes to go up, not down.
We’re experiencing a “supply shock,” essentially a reduction in the economy’s capacity to make goods and services.