Friday, November 16, 2012

The Economics Of a Carbon Tax

This short article by the Brookings Institute describes the carbon tax system in British Columbia.  The other provinces in Canada have not followed the leadership of British Columbia, but there are good economic reasons for doing so.  Many economists believe that it is better to tax bad things like carbon emissions than good things.  It also may be a good way to raise revenue in many countries that are suffering from a decline in tax revenues.

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