To the editor:
In 2008, the B.C. Liberals introduced North America’s one and still only carbon tax.
There was an “offsetting” reduction in income tax, which benefits the very well paid much more than the poor or the pensioner.
The major flaw with the tax is that it is a flat rate, not a percentage. If it were a percentage it would automatically adjust with market prices. The way it stands now, no matter what you pay for gasoline, it is 6.67 cents per litre.
Here is the kicker. The rate on natural gas is 5.7 cents per cubic metre. At current gas prices that works out to 60 per cent of the cost of gas.
My last Fortis bill had my cost of gas at $2.73 and carbon tax of $1.64.
I wonder if Norm Letnick or Christy ‘Photo Op’ Clark would like to comment on this?
Bruce Stevenson, Kelowna