Author Topic: Government Day-to-Day  (Read 32034 times)

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Offline wilber

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Re: Government Day-to-Day
« Reply #2220 on: June 23, 2022, 10:45:18 am »
Then you don’t really understand economics and inflationary pressures. 

https://www.nytimes.com/2022/05/10/us/politics/states-tax-cuts-inflation.html

Taxes are component of inflation, particularly consumption taxes. As prices go up, so does the amount of tax being charged on them. By your logic, we should tax our way out of inflation by doubling the GST.
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Offline Squidward von Squidderson

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Re: Government Day-to-Day
« Reply #2221 on: June 23, 2022, 11:11:02 am »
Taxes are component of inflation, particularly consumption taxes. As prices go up, so does the amount of tax being charged on them. By your logic, we should tax our way out of inflation by doubling the GST.

If your only goal is to curb inflation, then yes.  That would likely have some effect.   It would also reduce the deficit significantly. 

But, at least you now agree with me….   a decrease in taxes leads to inflationary pressures.  Glad you’re not confused any longer. 
« Last Edit: June 23, 2022, 11:15:57 am by Squidward von Squidderson »

Offline wilber

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Re: Government Day-to-Day
« Reply #2222 on: June 23, 2022, 11:55:28 am »
If your only goal is to curb inflation, then yes.  That would likely have some effect.   It would also reduce the deficit significantly. 

But, at least you now agree with me….   a decrease in taxes leads to inflationary pressures.  Glad you’re not confused any longer.
Inflation is caused by increased costs, consumption taxes are one of these costs. I guess we could just give all our money to government but I bet they would still run deficits.
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Offline Squidward von Squidderson

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Re: Government Day-to-Day
« Reply #2223 on: June 23, 2022, 12:13:03 pm »
Inflation is caused by increased costs, consumption taxes are one of these costs. I guess we could just give all our money to government but I bet they would still run deficits.

You’re creating a strawman now.  No one said anything about giving all our money to govt or even raising taxes.  Only you did to try and deflect from the topic. 

The point is, and I think you finally agreed, that lowering taxes on things like fuel, is actually an inflationary pressure that would increase inflation.   You claimed to not understand how making something cheaper could cause inflation. I explained how through the citation given.

Offline wilber

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Re: Government Day-to-Day
« Reply #2224 on: June 23, 2022, 12:32:56 pm »
You’re creating a strawman now.  No one said anything about giving all our money to govt or even raising taxes.  Only you did to try and deflect from the topic. 

The point is, and I think you finally agreed, that lowering taxes on things like fuel, is actually an inflationary pressure that would increase inflation.   You claimed to not understand how making something cheaper could cause inflation. I explained how through the citation given.

Higher prices mean paying more tax. That's how consumption taxes work. When it comes to fuel, they even tax the tax.
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Offline Squidward von Squidderson

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Re: Government Day-to-Day
« Reply #2225 on: June 23, 2022, 12:40:04 pm »
Higher prices mean paying more tax. That's how consumption taxes work. When it comes to fuel, they even tax the tax.

Let’s tie a bow on this part of the thread….

Do you now understand how lowering taxes on things like fuel leads to further inflationary pressures?

Offline wilber

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Re: Government Day-to-Day
« Reply #2226 on: June 23, 2022, 01:07:53 pm »
Let’s tie a bow on this part of the thread….

Do you now understand how lowering taxes on things like fuel leads to further inflationary pressures?

Higher fuel prices are a big component of the inflation we are experiencing.
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Offline Squidward von Squidderson

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Re: Government Day-to-Day
« Reply #2227 on: June 23, 2022, 02:07:27 pm »
Higher fuel prices are a big component of the inflation we are experiencing.

Did you read the article I linked? 

Lowering taxes on fuel prices will increase inflation.  Agree?

Offline wilber

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Re: Government Day-to-Day
« Reply #2228 on: June 23, 2022, 02:55:24 pm »
Did you read the article I linked? 

Lowering taxes on fuel prices will increase inflation.  Agree?

Not really.
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Offline Squidward von Squidderson

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Re: Government Day-to-Day
« Reply #2229 on: June 23, 2022, 06:01:33 pm »
Not really.

You don’t believe the economist from Harvard in the article?

I’m thinking it doesn’t fit with your narrative, so it can’t be true. 

Offline wilber

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Re: Government Day-to-Day
« Reply #2230 on: June 24, 2022, 11:40:02 pm »
You don’t believe the economist from Harvard in the article?

I’m thinking it doesn’t fit with your narrative, so it can’t be true.

It assumes lowering fuel costs will drive up demand to a point where there is inflation, ignoring the inflation caused by high fuel costs.
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Offline waldo

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Re: Government Day-to-Day
« Reply #2231 on: July 06, 2022, 06:47:54 am »
Federal Liberal government seeking private-sector solution for export of East Coast LNG to Europe

Quote
Natural Resources Minister Jonathan Wilkinson says two private-sector proposals to export liquefied natural gas from Canada’s East Coast to European countries struggling to reduce their reliance on Russian fuel will need to move forward without federal financing.

Mr. Wilkinson said in an interview that Ottawa is aiding in discussions between Canadian energy companies and prospective German buyers of LNG. But he added that the two energy proposals will have to stand on their own merits and go through Canadian regulatory reviews to ensure they meet this country’s climate goals.

“Our view is the private sector should be putting up the money for these projects, and it should be done on a commercial basis,” Mr. Wilkinson said.

“We’re certainly willing to assist in the conversations with our friends in Germany who are looking for these kinds of supplies to ensure that there are long-term arrangements, contractual arrangements that provide certainty for the private sector.”

Offline waldo

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Re: Government Day-to-Day
« Reply #2232 on: August 28, 2022, 12:19:36 am »

in Grande Prairie Alberta - video of degenerate conspiracy theorist & bully, Elliot McDavid, confronting Deputy PM Freeland as she visits Alberta

Chrystia Freeland latest target of public threats, intimidation against women in Canadian politics

The Attack on Freeland Sprouts from ‘Rage Farming’ --- Reached by The Tyee, the bully caught on video echoes messages fomented by right-wing politicians.



geezaz waldo! Is Coyne pointing at Poilievre? Well duh - of course he is. Meanwhile politicians across Canada (of all party stripes) are coming forward to denounce this bullying intimidation of Ms. Freeland. Noticeably absent in that mix is Poilievre!
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Offline wilber

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Re: Government Day-to-Day
« Reply #2233 on: August 28, 2022, 09:59:12 am »
Federal Liberal government seeking private-sector solution for export of East Coast LNG to Europe

If history is any indication, the regulatory reviews and lawsuits will eat up at least five years before construction can start.
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Offline waldo

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Re: Government Day-to-Day
« Reply #2234 on: August 28, 2022, 01:26:35 pm »
If history is any indication, the regulatory reviews and lawsuits will eat up at least five years before construction can start.

of course Russia is weaponizing energy; notwithstanding the German Chancellor's recent days visit to Canada focused on hydrogen, his 'side expression' on LNG must be prefaced with the fact Germany currently has little LNG import capacity.

both of the 2 Atlantic Canada proposals to build LNG terminals were shelved last year principally given the lack of interest by pipeline owners to spend money on required pipeline upgrades... notwithstanding one of those proposals also included a subsidy request to the federal government for ~$1 billion to aid in terminal development. The federal government did spend $4.5 billion to buy the Trans Mountain pipeline but that was not a subsidy; rather it was, of course, a move to keep the project from being outright shuttered!

given the backdrop of the Russia/Ukraine war, it appears those 2 Atlantic Canada LNG terminal proposals have resurfaced in terms of new 'feasibility studies'; one as a significantly scaled down development version requiring fewer pipeline upgrades... but yes, certainly, a lengthy permitting process and stakeholder pushback remain as significant obstacles to development.

what appears more likely/viable is adding export expansion capability to the existing New Brunswick 'Repsol' LNG facility that uses/relies upon Canada's East Coast gas supply - a supply capacity sufficient to service only the single Repsol LNG facility:

Quote from: Environment Minister Steven Guilbeault
Repsol is probably the fastest project that could be deployed because it requires minimal permitting – there’s already an existing facility, and a gas line is right there.