Carbon tax in Australia. All extra expenses were passed along down the chain to the consumer. We got rid of the tax. Prices stayed the same. sigh
Implementation and/or regulation is key.
Implementation and/or regulation is key.
In general if a corporate think tank said something happened or something is going to happen and it impinges upon their profits, there's a better than even chance they're lying through their teeth.
See also: minimum wage, regulation of the financial sector, anything to do with debt, etc.
Sounds like it worked perfectly as designed. That's what happens when things are regulated.