Saturday, September 20, 2008

2008 Green Party externalities

http://www.partivert.ca/files/GP_Budget_Full_DL.pdf
http://www.partivert.ca/files/GP_Budget_DL.pdf
Source for Green Party figures. Their budget schedule for 2009-2010, I'm arbitraily moving back 5 months to encompass our elections to make Nov/08-Oct/11 correspond with GP budgets 2009-2012.
The Green Party budget claims to rack up no federal deficits or surpluses (presumably spending gross surpluses on tax cuts or some other expenditure).

RoB magazine July/Aug 2008 issue says there were $104.7B in profits by Canada's 1000 largest publicly listed companies. http://externalityaccounting.blogspot.com/2008/09/corporate-tax-methodology.html explains how I've subtracted sin profits from "good" ones and arrived at the figure of -$22.899B. -$22.899/$104.7 is 21.8615%, the amount of Green Party corporate tax increases that are positive externalities IMO. The Green Party intends to reverse Corporate tax cuts to amass $28.7B in new revenue between 2009-2012 BoC financial calendar years. $28.7B x 21.8615% is $6.2742505 in positive corporate tax externalities.

Marijuana is a harmless substance whose criminalization supports organized crime and stresses scarce and expensive legal/police/judicial/prison resources; in the USA this lobby has in part led to a prison economy where prisons are funded better than universities. Those in the THC business should pay taxes. GP estimates $3B in tax revenue from THC and I've seen a conservative estimate as to the direct police/legal/prison taxpayers costs of arresting THC users/dealers as $400M annually. So $4.2B in totally GP green externalities.

Introducing a "toxic tax" gains the environmental externality 1x multiplier. $881M. Bumping corporate oil/gas tax rate to 28% nets $5.25B (more in reality as I think this estimate is based on 2005-07 oil prices). Eliminating subsidies on fossil fuels that were typically enacted when oil was $8-40/barrel is a no brainer: $4.217B at 1x. Accelerated capital cost for renewable energy, $210M. Green energy (I assume energy conservation practises) corporate tax cuts, $6.518B. Carbon tax pulls in $108.285B, probably surpassing positive externalities of any other party's entire budget. GHG offset purchases, $13.287B. Rail systems investment, $3B!! National Park completion budget: $1.5B. $550M for energy efficiency programmes in residential and commerical buildings. Small EE projects typically repay themselves in 3.5 years and larger ones in 7.5 years. So I'll cut it $275M at 1x and $275M at 2x. $1.5B from superfund for transit at 2x, 1/2 in Transit category when tallied. Brownfield remediation from superfund $1.5B; don't see why polluters shouldn't pay for this. Cycling and pedestrian "promotion" from superfund, $1.5B. Arbitrarily consider wastewater treatment to be an environmental expense, not water treatment (unless deficient like on Reserve or in NFLD, AFAIK). So 1/2 of superfunding destined for water/wastewater treatment makes this cut, $750M at 1x.

Chemical fertilizers and pesticides are often necessary to amximize agri-yields. Sometimes chemical pesticides are less poisonous than organic ones. So -$3M removing the GST exemption for chemical farm imputs. Once again, the GP policy of ending federal funding for GMO research seems wrong. Many chemical giant bullying tactics are inefficient and patenting genes is dubious, but a broken system is still better for agri-yields and medical research than none. Arbitrarily set a -2x multiplier to ending GMO supports, so -$294M.

Low-income housing programme that fights homelessness, $2.6B. $1.5B from superfund for low income housing.

Foreign aid to 0.7% of GNI, $8.61B.

Increased federal "scientific capacity" $45M.

Universal daycare by 2010, $6.6B.

Transit, 1/2 of $1.5B at 2x superfund tallied here, so $1.5B.

Looking at the 2007 INAC budget, tacking on 2008 expenditures for drinking water treatment and assuming $138M in annual housing funding comes out of a INAC infrastructure budget line about 10x larger, about 14% of INAC's $7.237B budget can be considered an externality. I've doone this line by line INAC summary before, lost the record, don't want to do it again for the moment. GP budget allocates $1.772B in Kelowna Accord funding, so $248.08M is a positive externality, I'll filter to individual categories later.

Anti-Homelessness: $4.1B
Transit: $1.5B
Corporate tax externalities: $6.2742505B
THC: $4.2B
Agriculture: -$297M
R+D: $45M
Childcare: $6.6B
Environment: $149.773B!!
Kelowna Accord externalities: $248.08M
Foreign Aid: $8.61B

Total Green Party 2008 budget externalities: $181 053 330 000.