Pete's Viewpoint

Global writer Keith Baldrey penned an opinion piece on the coming storm regarding the carbon tax. More than anything, it muses about the politics around the carbon levy and its future. My bet is that it isn't going anywhere. Both Justin Trudeau and John Horgan have little to be concerned about regarding the political noise being made around it. The legal challenge. Ontario, Manitoba and Saskatchewan have filed a legal challenge to attempt to stop the federal government from imposing a carbon tax (in the absence of a provincial one) of up to $50/tonne once fully in place. The trouble is that the federal government, constitutionally, has no limit to what tax it can impose. Literally, in Article 91(3) it reads , "The raising of Money by any Mode or System of Taxation.". So if I was a betting man, this challenge doesn't go far. The Confidence and Supply Agreement The NDP and Green Party in BC signed a "CSA" in 2017 that put the NDP into office for t...

Again, I don't want to minimize the struggle by middle and modest income earners who already struggle to pay rents in BC, but this call for a 'rent freeze' by some civic political candidates I believe is misguided and fraught with risks. A Rent Freeze by definition is a price control mechanism. BC already has a rent control device, which apparently is inadequate for it to allow a 4.5% annual maximum increase for 2019. Its true that the regulatory framework that the Residential Tenancy Branch uses to establish such rate controls could use some reform. But to arbitrarily freeze rates would open a can of worms that I believe are unintended consequences of their intended goal. In real world experiences where this has been done, its triggered an ironical result of higher rent increases and a drop in rental supply; almost the same result as general price controls in the early 70's in the OPEC Oil embargo, fuel shortages were triggered. I haven't signed up to the neo-...