The experiment known as democracy has failed. Roll out the guillotines, we're going back to the dark ages!
Sooooo anyone want to offer income tax cuts in favour of wealth taxes?
No…? No one…?
Weirdly, I don't really want the tax cuts when we need the revenue but I'd prefer Carney to win regardless. And being the only viable candidate not offering tax cuts makes it a lot harder to be a winning candidate.
Same reason I disagrees with but supported dropping the carbon tax.
Mark Carney is old school conservative. Like, before they absorbed the old Reform/Alliance party and became far-right morally conservative nutjobs.
(The Liberals and The Conservatives and the NDP are Proposing Terrible Tax Cuts)
At least the NDP's tax cuts are for the working class and to try to lower the cost of living. So not as terrible.
But honestly, any tax cut is bad at this point. The government needs revenue. However, we should be taxing wealthy people more.
Intuitively and morally, yup, tax the rich more. But, the flip side is that the wealthier you are, the more incentive you have and the easier it is to move. Many countries have discovered this.
It's a serious problem but an incredibly difficult to solve.
Personally, I think bringing back more inheritance taxes would be helpful and less prone to capital flight but honestly, it's a topic for smarter folks than myself.
They can keep running away to other countries, but at some point the other countries will catch up.
And it doesn't stop other countries with higher taxes from doing business.
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