Trudeau offers Canadians 'incentives' to distract them from inflation caused by carbon taxes
ZeroHedge: 'Canadian Prime Minister Justin Trudeau is implementing a not-so-novel solution to potential public resistance by introducing carbon tax credits or carbon checks, which certain families will receive four times a year. Lower income families with two children will receive up to $745 a year depending on the province in which they live. The measure appears to be very similar to “inflation checks” offered by California's governor Gavin Newsom in the wake of crushing price increases.
'Of course, these tax incentives are paltry when compared to the overall cost of carbon controls and the affects they will have on people's pocket books. $745 in a year is nowhere near enough to make up for higher food costs, let alone the rising prices in other necessities. Will Canadians be conned by scraps from the government's vast tax table? Hopefully not. The Canadian government says the incentive payments mean 80% of families will be better off financially compared to what they pay in carbon taxes. However, the parliamentary budget officer says when the total impact of Trudeau’s carbon tax on the economy is considered, 60% of families are left worse off. This is probably still generous.'