Re:Climate change: IPCC report is 'code red for humanity'
by brailsafe on Monday August 09, 2021 @04:27PM
(#28121956)
The lower income tax actually offsets the premium I pay to live here vs other provinces. Or at least that's how it worked out when I had a job last March. The rent keeps coming, but the money ain't.
Re:Climate change: IPCC report is 'code red for humanity'
by ttul on Tuesday August 10, 2021 @01:24PM
(#28131626)
You’ll be poor, but happy.
Re:Climate change: IPCC report is 'code red for humanity'
by brailsafe on Tuesday August 10, 2021 @01:28PM
(#28131686)
There's a threshold of savings under which things start getting very risky, that encroaches on my happyness, but on the flipside there's no amount of money I can think of that would make me work endlessly, because it doesn't make me happy beyond that
Revenue from the tax goes into the government's general revenue, which allows BC to have among the lowest rate of income tax of any province in Canada. Meanwhile, BC has the highest rate of electrical vehicle purchasing in North America [2]. One study showed that employment increased by 0.74% as a result of the carbon tax [3]. Finally, research shows that the tax is highly progressive, having a smaller impact on poor households than rich ones [4].
[1] https://www2.gov.bc.ca/assets/gov/taxes/sales-taxes/publicat...
[2] https://vancouversun.com/opinion/mark-zacharias-and-ian-nevi...
[3] https://contacts.ucalgary.ca/info/econ/files/info/unitis/pub...
[4] https://www.sciencedirect.com/science/article/abs/pii/S09287...