Canada is Broken....I don't think so

Kautilya said:

Well, look at that. A proper answer by John Larue.

Now the only question is, how much is this impact to inflation. This report seems to indicate that 0.15 percentage points increase to inflation due to the carbon tax, which would make it a factor, but not the main driver of inflation. So seems a bit blown out of proportion.

Canada’s top banker dragged into carbon tax carveout debate

Prime Minister Justin Trudeau faced a second day of criticism over the carbon tax carveout but resolved there will be no similar breaks for other provinces.

www.nationalobserver.com

Hadrian Mertins-Kirkwood, a senior researcher at the Canadian Centre for Policy Alternatives, described Scheer’s framing of Macklem’s comments as “misleading” because Scheer’s math suggests the carbon price increased inflation by 0.6 percentage points this year alone, however Macklem said the average year-over-year increase is 0.15.

Macklem made that point clear to the House committee as well. The 0.6 percentage point decrease would only last one year “and because you can only eliminate it once, the next year it would have no effect on inflation,” Macklem told the committee. On an annual basis, the carbon price adds about 0.15 percentage points to inflation, 0.6 is the estimated impact over the carbon price’s lifetime, he added.

A 0.6 percentage point decrease in inflation for one year doesn't structurally solve the inflation problem, said Mertins-Kirkwood. “It wouldn't really be a meaningful contribution to dealing with inflation.”

The roughly 0.15 percentage point increase to the inflation rate is “not nothing,” Mertins-Kirkwood noted, but said it's also “not a main driver.”

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oh boy
Canadian Centre for Policy Alternatives, ???
The union funded , hard left think tank big-government advocating , tax anything that moves, propaganda center ?

you could not have picked a more biased source if you tried.

tiff MAcklem ?
He thinks climate change is part of his job . it is not
He is also the one who claimed inflation was transitory, did not raise rates soon enough and then had to shock the financial system by raising rates rapidly.
He has a credibility issue

another issue you are ignoring is the brain dead liberals plan to keep increasing the carbon tax despite the rise in inflation (April of this year)
their ideology prevails over common sense & their responsibility to Canadians who are getting hammered by inflation

The carbon tax is defiantly inflationary and by a whole lot more than you will ever understand, until it is eliminated post election
you are delusional if you think the true cost of the Carbon Tax is covered by rebate cheques ........for anyone

JohnLarue said:

oh boy
Canadian Centre for Policy Alternatives, ???
The union funded , hard left think tank big-government , tax anything that moves, propaganda center ?

you could not have picked a more biased source if you tried.

The carbon tax is defiantly inflationary and by a whole lot more than you will ever understand, until it is eliminated post election
you are delusional if you think the true cost of the Carbon Tax is covered by rebate cheques ........for anyone

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Only if you drive a hummer and heat your patio all winter.

Go to the hospital and die in Canada

Mike_Kz550bik said:

You may think your respond made sense but it didn't. Don't bother clarifying, I really don't care.

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You mean it’s hard to grasp, that buying X ( anything, a car a widget ) from sellers A and B. And Bs price is cheaper…okie dokie then.

Tiff does have some credibility issues,. Regardless whether it’s adding.015% or .20%. When has throwing gas on a fire ever been a good idea.

Nor is it hitting everyone equally. Except the govts bank accounts. Inflation is always good for govt revenue. .15% may not seem like a lot but when talking billions and billions of dollars. It ain’t pocket change.


wages go up= more revenue
Prices go up= more hst revenue and if the hst is a tax on tax ( cough)
Etc

Inflation also helps the rich get richer through debt. Especially real estate. debt taken on yesteryear is paid for in yesteryears dollars. Basically at its simplest $1 paid today, is worth less than $1 yesteryear when the debt was taken on. What someone thought was gibberish ( the pv and fwd of money essentially)

.

Mike_Kz550bik said:

Yup, the Commenweatlh one was the 'simplist'. Aruge the measurements all you want but those that cheerlead Canada's healthcare system aren't looking around.

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Posting that we are 32ND is hardly cheerleading.

Not getting younger said:

You mean it’s hard to grasp, that buying X ( anything, a car a widget ) from sellers A and B. And Bs price is cheaper…okie dokie then.

Tiff does have some credibility issues,. Regardless whether it’s adding.015% or .20%. When has throwing gas on a fire ever been a good idea.

Nor is it hitting everyone equally. Except the govts bank accounts. Inflation is always good for govt revenue. .15% may not seem like a lot but when talking billions and billions of dollars. It ain’t pocket change.


wages go up= more revenue
Prices go up= more hst revenue and if the hst is a tax on tax ( cough)
Etc

Inflation also helps the rich get richer through debt. Especially real estate. debt taken on yesteryear is paid for in yesteryears dollars. Basically at its simplest $1 paid today, is worth less than $1 yesteryear when the debt was taken on. What someone thought was gibberish ( the pv and fwd of money essentially)

Does Inflation Favor Lenders or Borrowers?

Find out under what circumstances inflation benefits borrowers more than lenders and in which situations inflation can be bad for borrowers.

www.investopedia.com

.

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You really didn't clarify anything with that post.

Not getting younger said:

When has throwing gas on a fire ever been a good idea.

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Ever heard the expression "hold my beer"?

PeteOsborne said:

Ever heard the expression "hold my beer"?

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lol that’s funny