CO2 tax no longer revenue neutral

**furrowtickler** · Feb 6, 2020, 22:47

Originally posted by AlbertaFarmer5 View Post

I'm sure no one saw this coming... BC previously changed the law so the tax doesn't need to be revenue neutral, and now it is not. Coming soon to a province near you:

https://mikesmoneytalks.ca/a-sneaky-1-9-billion-tax-grab-in-bc-only/ https://mikesmoneytalks.ca/a-sneaky-1-9-billion-tax-grab-in-bc-only/

Was never ever meant to be , no wealth transfer scheme was set up that way , simply to feed the ultra elite and the IPCC leachâ€™s

**macdon02** · Feb 6, 2020, 23:24

When this flu ordeal is over with, the feds and provinces will need every possible source of revenue just to pay the interest on the accumulated debt. Let alone the social programs, that'll be funded by more debt. We are in wave 2 of 5 short term in crude and the big one is coming without a close over 51.32 tomorrow. I got sub $30 in my sights. 98.5 is the inverse side of it on USD. Today's low on Eur also being important. Rumblings that EU farmers need to prepare for life after subsidies as without British tax, they don't have the funds. Tomorrow's close is everything. 881 is my soybean number for a reverse in direction. 29460 on DJ, 3330 S&P, Nasdaq is uncatchable. Everything is lined up. It only happens once or twice a year. There's talk every dollar of liquidity China prints is hitting the US because they imposed a no sell, no short policy on Monday. If you can't exit, why invest in China and be held ransom to the smallest of losses?

**blackpowder** · Feb 6, 2020, 23:28

I want to say I appreciate your posts.

**AlbertaFarmer5** · Feb 7, 2020, 12:38

Originally posted by blackpowder View Post

I want to say I appreciate your posts.

Assuming you are referring to Macdon, I second your appreciation. It is small wonder that anyone still bothers to bring actual relevant marketing info to this medium, thank you for that. While Macdons info is typically not very optimistic, it is usually realistic, and gives one a lot to consider.

**farming101** · Feb 7, 2020, 15:42

I sure enjoy Macdon's ideas he puts out there too.

I can't see oil going down that far but having said that I sure was wrong a while back so can't really say too much. The virus problem has changed the outlook for a bunch of stuff. Maybe $40 might hold.

Wouldn't be surprised if the DJI and S&P take out your numbers.

**bucket** · Feb 7, 2020, 17:28

If you see the roads in china's cities with no traffic....you would have to think there is a build in gasoline stocks....the only way to burn it quickly is to lower the price...

CO2 tax no longer revenue neutral