Friday, March 14, 2025

peer reviewed empirical economic studies have suggested that the consumer carbon tax contributed to on the order of 0.25% or less of the inflation we were experiencing, which was nearing 10% at some points. i would expect mark carney to explain that to people, not to parrot ignorant talking points by his opponents and in the process severely damage his credibility as a talking head and economic manager.

conversely, his import tax policy is going to lead to 25% or higher increases on staples like orange juice, across the board.

it is predictable that the replacement of the intentionally very progressive consumer carbon tax with an intentionally very regressive consumption tax on imports will lead to a 100% or higher increase in inflation on staple goods, and you should expect that to be the consequence of this very stupid and economically ignorant shift in tax and fiscal policy.

if this is designed to win votes, make it backfire - do not vote for the banker. make the fuckers pay.