One of the main campaign issues that will occur during this year’s Federal election will be the carbon tax. All provinces and territories will have some form of carbon pricing mechanism in place. Those provinces that haven’t will have a backstop system in place which is an “output-based system for industries with industries exceeding 50 kilotonnes of carbon dioxide equivalent per year and the carbon levy on the carbon content of all liquid fuels (such as gasoline, diesel and fuel oil), natural gas and electricity produced from emissions-intensive energy sources such as coal, petroleum coke and natural gas”, as summarized by Dalhousie Professor Larry Hughes.
I woke up to a blog post from Toronto Housing Matters where they supported the Province of Ontario’s decision to partially eliminate rent control on newer rental buildings.
The post continued into an academically, yet basic, economics argument on supply and demand, then moves to a discussion of why rent control is intrinsically horrible, especially for low-income renters. I wasn’t convinced, so I did some digging.