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this post was submitted on 09 Feb 2024
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What does the government do with all the extra revenue? Theoretically it should be able to reduce other taxes proportionally so that those with low carbon usage come out ahead instead of just being a negative for everyone.
Yup, the Climate Action Incentive is a Pigouvian tax, so the government estimates the revenues, divides that up to comes up with a number for each resident, and we receive it back in quarterly payments.