tag:blogger.com,1999:blog-2654181576041155019.post1612147716816988579..comments2023-11-02T08:02:15.922-04:00Comments on Montreal News And Weather: Young Liberals Want Higher Taxes, Hydro RatesUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2654181576041155019.post-64614824679217718312009-08-20T21:04:02.734-04:002009-08-20T21:04:02.734-04:00Your argument is not necessarily correct.
These...Your argument is not necessarily correct. <br /><br />These "kids" (what is that supposed to be derogatory or something) probably took econ 100 and know how supply and demand work in concert to determine the price. They are probably also considering the future environmental impacts of using hydro derived from fossil fuels. These externalities (an econ 101 term) are not reflected in the current market price, and so it is the role of government to attempt to correct for the externality by introducing a tax to curb demand.<br /><br />After all economic growth is a means to an end, try not to forget what the end is supposed to be (higher quality of life). Many people would probably agree that we are now at a point where economic growth is causing environmental degradation which lowers our quality of life by more than the benefit of the increased wealth.Anonymousnoreply@blogger.com