Carbon Tax

Governments find carbon taxes a little taxing

Paris 2018

Everyone thinks the climate needs fixing but no one wants to pay. Thus, the ‘yellow vests’in France prompted a humiliating back-down from the government and the Washington state government lost a vote on Carbon Tax.

The voters in Washington state rejected, 56% to 44%, a proposal to tax carbon dioxide emissions, a clear defeat for environmentalists after years of attempts to curb climate change through economic incentives.

Initiative 1631, which proposed to levy a tax of $15 per metric ton of carbon emissions, would have made Washington the first state in the nation to raise the cost of fossil-fuel intensive activities like driving gas-powered vehicles and heating buildings with natural gas in an effort to encourage clean energy sources like wind and solar power.

Even with such heavyweights as billionaires Michael Bloomberg, Tom Steyer, and Bill Gates supporting a broad coalition of progressive groups, tribes, health advocates, unions in a true blue Democrat state, they still could not get it across the line. And, it was the third attempt!

Meanwhile, across the border to the north, the number of premiers and potential premiers who are saying “no” to Trudeau’s proposal for a carbon tax is growing.

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Cheese eating surrender monkeys march backwards on carbon tax

Carbon Tax

The Cheese eating surrender monkeys are marching backwards on carbon tax.

The French government is set to drop plans to introduce a carbon tax, French financial daily Les Echos said on Thursday.

The newspaper, quoting several sources, said the socialist government will not include the carbon tax in a draft 2016 budget update currently being discussed.

Environment Minister Segolene Royal had said in May that France would unilaterally introduce a carbon price floor of about 30 euros ($33) a tonne with a view to kickstart broader European action to cut emissions and drive forward the December 2015 United Nations-led international climate accord.

The plan had pushed power prices higher in the spring.

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Whatever happened to these?

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Well over a year ago, the Argies came up with this solution to global warming: collecting cow farts in backpacks.

Cows are by far the biggest producers, contributing to around 25 per cent of all methane produced on the planet.

As one of the biggest beef producers with some 55 million heads of cattle, around 30 per cent of Argentina’s total greenhouse emissions could be generated by cows. Read more »

End of the Golden Weather?

The Emissions Trading Scheme (ETS), which puts a price on greenhouse gas emissions, is being reviewed this year.

A briefing paper produced for the Government by the Ministry for the Environment said it expected the review to consider agriculture’s entry into the scheme.

A ministry spokeswoman said this did not amount to a recommendation to the Government and was simply a comment on the scope of the review. The terms of reference had not yet been determined by the Cabinet, she said.

About half of New Zealand’s greenhouse gas emissions come from agriculture. The ministry’s briefing paper said there were few options for reducing these apart from cutting stock numbers.

It warned that the ETS was not having a significant impact on emissions and changes would be needed.

The scheme is the Government’s main tool for addressing emissions that contribute to climate change, requiring industry to pay a charge for each tonne of emissions. Read more »

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Swiss voters reject carbon tax by overwhelming 92%

It seems the Swiss are perhaps the most sensible people in Europe.

They certainly don’t appear to be infected with the cult of gaia, after overwhelmingly rejecting a carbon tax with 92% of the vote.

Swiss voters Sunday overwhelmingly rejected an initiative that would have scrapped the Alpine country?s value-added-tax system and replaced it with a carbon tax, a move that would have made gasoline, heating oil and other forms of power more expensive for consumers.

Roughly 92% of voters opposed the initiative, known as ?Energy Rather than VAT,? while 8% supported the measure, according to preliminary results from 13 of the country?s 26 cantons. ? Read more »

Rodney Hide demolishes Russel Norman and his Carbon Tax

Rodney Hide tears apart Russel Norman and his unwanted Carbon Tax.

Financial whiz Dr Russel Norman is promising a new tax, one that will make us rich. His CO2 emissions tax will make ?New Zealand households … several hundred dollars better off every year.?

Cool. A tax to make us rich. I don?t know why other political parties haven?t thought of it. Their old-fashioned taxes only make us poor. They, too, should be doing a Russel-Norman.

I also don?t know why Dr Norman isn?t doubling his tax. Why be stingy? Doubling it would make us thousands of dollars better-off. If he quadrupled it, we could all retire.

But maybe that?s his plan. He says his tax will ?initially? be set at $25 a tonne.

Politicians normally deliver a new tax promising it won?t go up. But not Dr Norman. His only promise is for the initial rate. He clearly has a higher rate in mind.

Good. The higher he cranks it, the richer we get.

Fascinating isn’t it. In the old days people who made promises like Russel Norman were called snake oil salesmen.

I don?t profess to understand how his tax works. Somehow he taxes us on our CO2 emissions but then gives us back the money through tax cuts. I sort of get that bit.

But I am struggling to see how he gives back more than he takes. That?s what he promises. There?s something about the Russel-Norman that multiplies the money as it passes through government.

It could be that taxing CO2 is special or that Russel Norman himself is special. Certainly, no other tax returns more than it taxes. But the Russel-Norman does.

All other taxes also distort prices leaving us making poorer decisions than otherwise.

Income taxes discourage investment and employment. Capital gains taxes discourage trade, investment and entrepreneurship. And so on.

The resulting cost is what is known as the deadweight cost.

But it seems there?s no deadweight with a Russel-Norman. Sure, it changes our behaviour. That?s its point. It?s to make us give up the V8 in favour of the bike. And to plant trees where we once grazed cows. Read more »

About that carbon tax huh?

The Green party thinks that a carbon tax is a good idea, the commentariat all thought that was a good idea too.

I think I was alone in saying that the Greens clearly didn’t learn from Australia where they got rinsed in the last election, mainly because of support for the carbon tax.

Yesterday, the left wing’s prefered poll, Roy Morgan came 0ut and we can see that Kiwi voters are a lot like Australian voters and are telling the Green party through their responses that they can shove their carbon tax.

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The Greens have been bleeding support and have lost a substantial proportion of their support in recent months.? Read more »

The Huddle

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There was no Cauldron this week because of the holiday but there?was?a Huddle on?last?night with me and Josie Pagani.

Our topics included:

  • Labour not ruling out Internet Mana Party
  • Green?s carbon tax/climate change policy

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The Huddle at 1740

newstalkzb

There was no Cauldron this week because of the holiday but there is a Huddle on tonight with me and Josie Pagani.

Our topics include:

  • Labour not ruling out Internet Mana Party
  • Green?s carbon tax/climate change policy
  • And the US dealing with terrorists to return deserters

You can listen online via iHeartRadio or through usual methods.

I will post the audio in?the?morning for those who miss it.

newstalk

Carbon Tax – Winston says no, and Labour too scared to say

Given that on OneNews Winston Peters said that NZ First would not support the Carbon tax that there is no zero chance of a Labour led coalition?

It would seem so because Labour too has refused at least to overtly support the tax, instead taking the coward’s way out and saying they will wait until after the election.

In a move seen as unfair to voters, Labour is refusing to say whether they support the policies or not until after the election.

The most recent ONE News Colmar Brunton political poll gave Labour 30% of the party vote, meaning to govern they would need to join forces with other parties.

Chris Trotter, editor of Political Review, says if Labour won’t say how they will work with other parties then voters will “turn to the others”.

Green Party co-leader Russel Normal says climate change is the most challenging issue of our time. The Greens’ solution is a tax on pollution intended to transition New Zealand to carbon neutrality by 2050. ?? Read more »

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