Earlier today, Premier Kathleen Wynne and the province's environment minister Glen Murray announced that Ontario is implementing a cap-and-trade system.
Cap and trade is basically a system where a government sets a “cap” on how much C02 businesses can emit.
Those who go above that limit need to "trade" with other companies who don’t go above that limit.
There’s another component to cap-and-trade, which is that government can sell what are called carbon permits to major emitters.
So basically, this is where industries say, "Okay, we can’t keep to our cap, so we’ll just dish out more cash to the government, and then pass the price down to consumers."
In other words, cap-and-trade is nothing more than a clever hidden way of taxation.
The end result is that the cost of living goes up.
Among other things, this plan will have a disproportionate impact on lower and middle-income families, because statistically, they spend a larger percentage of their income on things like electricity and heating.
A billionaire spending $120 to fill up his tank? That’s pocket change to him.
But to a family living off $1000 per week, $120 is real money.
Have your say: Tell us what you think of Wynne's cap-and-trade scheme in the comments!
JOIN TheRebel.media for more news and commentary you won’t find anywhere else.
READ Ezra Levant's bestselling books debunking environmentalist propaganda against the energy industry: