This is why you cant stop at taxing them more. It also needs to come with enhancing social safety nets and services.
Take more money from those who benefit the most economically from society, and use that money to enhance the lives of everyone.
People are less worried about paying 20 cents more for gas if they know they have more than enough to cover everything else. Right now everyone has been smacked by rampant inflation with little wage growth so every extra dollar going out hurts a lot more.
You have to grow the economy (gdp) if you want real growth without inflation. It’s always easy to say someone else should pay for it, but we do need to ask ourselves what the purpose of government is. The more the government spends, the more inflation we have, especially when it produces demands for goods and services beyond current production capabilities.
So the real solution is for the government to help businesses and industries grow so they can be more competitive, hire more people, grow the gdp.
Unless of course the government invests in those basic necessities to keep the cost to consumer low.
Like having the government spend taxes on actual subsidized food production with the goal of it being a service to the people, not a business. Or on housing to the scale where real estate doesn’t get out of control due to low supply.
Id rather a world where necessities are cheap and luxuries are expensive than the world we have now where necessities are expensive and luxuries are cheap.
No it does not. It means the difference is turned into higher profit. This is what we saw. We did not see the price of groceries going down when thr tax was removed
Everything is paid for by the consumer.
This is why you cant stop at taxing them more. It also needs to come with enhancing social safety nets and services.
Take more money from those who benefit the most economically from society, and use that money to enhance the lives of everyone.
People are less worried about paying 20 cents more for gas if they know they have more than enough to cover everything else. Right now everyone has been smacked by rampant inflation with little wage growth so every extra dollar going out hurts a lot more.
You have to grow the economy (gdp) if you want real growth without inflation. It’s always easy to say someone else should pay for it, but we do need to ask ourselves what the purpose of government is. The more the government spends, the more inflation we have, especially when it produces demands for goods and services beyond current production capabilities.
So the real solution is for the government to help businesses and industries grow so they can be more competitive, hire more people, grow the gdp.
Infinite growth is not sustainable
Unless of course the government invests in those basic necessities to keep the cost to consumer low.
Like having the government spend taxes on actual subsidized food production with the goal of it being a service to the people, not a business. Or on housing to the scale where real estate doesn’t get out of control due to low supply.
Id rather a world where necessities are cheap and luxuries are expensive than the world we have now where necessities are expensive and luxuries are cheap.
Removing the carbon tax on food production is investing in basic necessities. Lowering the costs means lower prices at the til.
No it does not. It means the difference is turned into higher profit. This is what we saw. We did not see the price of groceries going down when thr tax was removed
The industrial carbon tax hasn’t been removed. The carbon taxes placed on food production are still in place.