Which Will Bankrupt Us First—Government Employees or Carbon Taxes?

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   Do not think about, write about or deal with  human behavior without determining the effects of incentives. It’s not their money, of course they’ll waste it.

    Wherein we see the race between being hanged and being smothered. Some choice.

Lights on, nobody home
Environmentalism blinds students from economic reality
MATTHEW LAU, Guest Columnist

As a university student planning to graduate in the spring, I can easily see the economic turbulence ahead as I prepare to enter the workforce.

Taxes consume, on average, 42.1% of Canadian families’ incomes.

As the population ages in coming decades, the shrinking tax base and skyrocketing health care costs will surely push that average well over 50%.

Another reason for pessimism: public sector unions and their defined benefit pensions.

These types of pensions are so unaffordable that only 11.4% of private sector workers have them. But 82.7% of government employees have defined benefit pensions.

In addition to superior pensions, public sector workers, on average, work fewer hours and receive higher pay than those doing comparable jobs in the private sector.

Earlier this year, the Canadian Federation of Independent Business calculated that compared to private sector standards, Canada’s public sector workers are overcompensated by $20 billion every year.

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     A billion here, a billion there, soon adds up.

Given that Canada’s federal, provincial, and municipal governments already hold more than $4 trillion in direct debt, program obligations, and other liabilities, it is only a matter of time before the public sector unions bankrupt our society.

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      This is what politicians call responsible governance?

Or so I had thought.

Turns out I was wrong.

The public sector unions won’t bankrupt us, because if the last few weeks are any indication, the environmental movement will surely beat them to the job.

Consider the Ontario auditor general’s report, which found that we overpaid by $37 billion for energy from 2006 to 2014 and will be hit for another $133 billion in extra costs from 2015 to 2032.

As Ontarians are well aware, the Liberal government’s Green Energy Act was a disaster.

The government claimed it would create 50,000 new jobs, but barely half ever materialized, most of them temporary. And because green energy is so expensive and unreliable, it’s estimated that for every job created, two to four jobs are lost elsewhere in the economy.

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    The only way a government can “create” jobs is to borrow money and subsidize them. Eventually the money runs out and the jobs disappear. The green movement destroys real economic activity.

Today, only 4% of our power comes from wind and solar.

So what do we have to show for the tens of billions of dollars torched in the name of saving Mother Earth?

Well, Glen Murray, Ontario’s Environment and Climate Change Minister, was recently presented the “Carbon Pricing Champion Award” in Paris by the Climate Markets Investment Association and the International Emissions Trading Association.

Some honour. Maybe next Premier Kathleen Wynne’s government will be given a prize for increasing the provincial debt to $300 billion.

Expensive energy and massive debt: that’s all the bumblers at Queen’s Park have created with their environmental schemes.

And now, the federal and Alberta governments are set to go down the same path of green destruction.

These reckless policies will ensure our governments bleed red ink for decades.

Canadians will be smacked with ever-increasing taxes and energy bills, and all the government debt accumulated to build “green infrastructure” will be a massive burden on the next generation of taxpayers.

Don’t bother trying to warn them, though.

For the most part, the taxpayers of tomorrow couldn’t care less about reckless government green schemes.

Many of them are too busy plotting their own: Organizing “climate justice” marches, trying to ban plastic water bottles from campuses and lobbying the university administration to divest from fossil fuels.

The future is not bright.

— Lau is a finance and economics student at the University of Toronto.

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    The future isn’t bright green, it’s bright stupid which, given government “policies,” will soon be a color.

Government Job or Respect–Which’ll It Be?
Cheerio and ttfn,
Grant Coulson, Ph.D.
Author, “Power Teaching: How to Find Someone to Teach Your Child when the Education System has Failed.
Cui Bono–Cherchez les Contingencies

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