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Politics : Canadian Political Free-for-All -- Ignore unavailable to you. Want to Upgrade?

To: fresc who wrote (8884)	3/17/2006 2:58:51 PM
From: Ichy Smith	Read Replies (1) \| Respond to of 37832

Jean Chretien, and Paul Martin both campaigned on the idea that the GST was the most regressive tax in the world, and they promised Canadians they would remove it 14 years ago. Then they won the election and lo and behold they were helpless. Harper offers to lower it 1%, one bloody percent, and the Liberals think the sky is going to fall. So when were the Liberals lying then or now? or do they just lie so much from habit that they can't ever be relied on to tell the truth???? After all every single Liberal Budget Prediction in the last 14 years has been out by millions and sometimes billions of dollars, so should we rely on their guesses now?

To: fresc who wrote (8884)	3/17/2006 3:03:03 PM
From: Gulo	Read Replies (3) \| Respond to of 37832

If government reduces the GST, which is a tax on consumption, then people consume more. If government reduces income tax, which is a tax on work effort, then people choose to work more. If you now believe that, you've come a long way. ;) The article is correct. Cutting income taxes would benefit the economy much more than cutting the GST. Unfortunately, most voters aren't economists, and politicians have to get elected. The Conservatives basically said as much. In fact, the GST is the most fair tax we have in this country, (aside from land taxes, perhaps). All other taxes, including "progressive" income taxes, have a disproportionately negative impact on investment and growth in the country's wealth. -g