While the CD Howe Institute is right about ditching Freeland’s $100 billion stimulus package, they go completely off the rails with the rest of the prescription.
The C.D. Howe as a result proposes a hike in GST from its current rate of five per cent up to seven per cent, reversing the previous Conservative government’s two per cent cut in 2006.
As if fearing that morale would not improve without further beatings, the report seems to believe that Canada’s carbon tax regime could use some additional help:
[The report] also proposes hiking GST on transportation fuels like gasoline and diesel by 10 per cent, which would “give consumers a strong price signal to discourage CO2 emissions,” it says.
Nobody said the CD Howe Institute was the Fraser Institute. It’s Eastern and reflects the Eastern mixed economy, centrist mush bias. Although, if you’re trying to raise awareness to the Spawn’s obscene spending and teaching the mindless that there is no free lunch, a nice fat regressive consumption tax increase should get the message across. It’s much better than wealth taxes or capital gains on primary residences, etc.
Many years ago one writer at the Globe and Mail, in its business section, called the CD Howe institute a “far-right think tank”. I am not making this up.
Hiking the taxes is giving me a strong signal to retire in Curacao.
Beautiful but close to Venezuela which may cause some reflection..
Precisely.
This is the CD Howe Institute rolling out the red carpet for the government to be even bigger robber barons.
The Liberal robber barons within the Department of Finance Canada will ditch any idea of eliminating the $100-billion infrastructure boondoggle, but will happily accept the GST and gasoline tax increases. But the GST increase will come after the election. Big government rules!
All your assets are belong to us.
Did I miss it?
Not one word about reducing the parasitic overload?
“Stop the Steal”..Words never to be heard from any member of the Uni-Party of Can Ahh Duh.
While they are saving us from a flu virus and Cataclysmic Climate,they all assure us how much better they will manage the stealing.
Government is Canada’s problem.
The Federal Government is the number one destroyer of everything Canadian.
Fire them all.
Dole Yeast..test it first on x civil slurpers.
The situation is rather like this — elites and the PRC have joined forces and declared war on the middle class. They want to eliminate the middle class and replace it with a broader version of the wage slave class that are brainwashed into thinking they don’t deserve freedom and are lucky to have this chance to lick boots in a consumer society where they get smart phones and a pile of apps.
Change my mind (before the vaccine does it for you).
If the GST went back to 7% it would be like Stephen Harper never really existed.
we’ve got fancy socks but… yes, we have no bananas for the flux capacitor.
“The report] also proposes hiking GST on transportation fuels like gasoline and diesel by 10 per cent, which would “give consumers a strong price signal to discourage CO2 emissions,” it says.”
A 10% hike is fuel means a lot more poor people and children will have less heat in winter, and less food all the time.
Everything moves of fuel/energy … hike that and you hike EVERYTHING
The problem is that our alleged leaders have never been poor, so they do not understand what it is like to have to decide which to do without, heat or food. Bastards!
The answer to a broke-dick government is to reign in spending not rob the citizens.
Best stimulus is end all lock-downs and open all businesses NOW!
Chrystia thinks all she has to do is ask Tiff Macklem for all the Jew-confetti she needs to keep paying government employees to sit home and drink all day, and all will be swell.
It won’t be Liberal voters who get their life savings wiped out in the inflation and be forced to sell their homes to Chinese scumbags for a fraction of their value just to avoid spending a Canadian winter sleeping rough.
It will be Liberal supporters who make fortunes from the inflation, though.
Ruining Canada’s productive classes and selling the country to the Chinese is not a side effect of Liberal economic policy. It is the whole point of Liberal economic policy.
Prepare for the coming inflation.
Eliminate debt. Invest in equities outside of Canada. Gold. Bitcoin (?). Buy lot’s of staples now…rice, flour etc.
You cannot stockpile enough food to outlast the mess we are heading into.
Beside that ….
Preppers will be robbed by non-preppers (AKA marauding bands of losers with weapons) … and no one to call for help.
I suggest adding some weaponry to your list of survival stuff.
J West, ….did that first!
Q: What does a Canadian taxpayer say after he gets one of his nuts cut off by a politician?
A: “You missed one.”
”Your energy prices will necessarily rise” … hmmm? Who said that? Ronald Reagan? PDJT? … no. Barrack Hussein Obama.
Your “conservative” leaders have quite the role model there …
If you hike the tax on food you’d send a strong signal not to eat, too. I’m not sure how survivable it would be but if Liberal policy was meant to make life better they wouldn’t punish us for living.
Problem is … you believe your devastating analogy is humorous. I assure you … it’s not. The left hates that America (and sorry, Canada) has the fattest poor people on the planet. They would happily starve “those people” … until they all became anorexics. Don’t you recall their test run, managed by Michelle Obama? The left would “slim Canada down” … “eliminate all meat” (meat is murder) … force the eating of quinoa and raw kale … make grub stew the National entree.
Yes, the left will never stop “fixing” their fellow Canadians … and sending “strong messages”. Sad that your conservative Party has piled on.
You can’t be this consistently wrong and still be successful, one can only conclude that these decisions are strategy towards some dark purpose they don’t want to reveal.
It’s called The Great Reset. Remember it. Own it. Embrace it. Anticipate it. Celebrate it.
At least that’s what we’re being told.
” You will have nothing and like it “.
I say raise the GST to 20%, or more if need be, with adjustment GST credits available to the working poor and seniors, for instance.
Next, adjust the income and corporate tax rates to zero. Make half the accounting profession obsolete. Give them a GST credit.
Phase in over 5-10 years using an unknown quality in Ottawa, common sense, proper analysis, risk management and selflessness.
Have an actual, enforceable budget that is not a hope, a prayer or a lie. A contract with people, and keep our end up, not fake issues.
Stop taxing effort, tax consumption. Nothing can stop that, not carbon taxes, sin taxes (same thing) or taxes taxes.
Stop taxing for air, envy or BS words like fairness and equity. Peace, order, then good, not big government. Our birthright.
i agree do away with income tax, reduce the number of parasites working for revenue Canada through attrition and eliminate the gst and replace all with a 15% consumption tax. The same amount of revenue generated without all the unnecessary civil servants.
People would just shop in the U.S. like you wouldn’t believe.
Consumption tax is the easiest tax to avoid. The underground economy would flourish …. I am good with that.
I doubt that, at least for businesses. They would lose generous input tax credits and wouldn’t have to claim their profit or income anyway, so what would be the incentive to go underground, to never have a credit card or a mortgage?
The working poor would be relieved of having to pay income tax on their paltry income while products they consume can be sold for less given the end of taxes for employees and the double taxation aspects of corporate taxes.
Add to that no excise taxes and other regulatory fees that constantly burden growth and productivity.
In the last 5 years, overall government spending has increased by 25.8% and government expenditure will top 300 billion this year but our government needs higher taxes.
That’s just like giving a man who has a drinking problem more to drink.
Lol. That’s just the start. The amount of new taxes needed to pay for all this spending will be staggering. We can’t just print money like the US can. The fallout from this is going to be catastrophic.
When the Wuhan virus/reset psy-op finally runs its course, the C. D. Howe Institutes, the Schwabs, the Davos Crowd, the WEF and the like really are deserving of the boxcar ride.
You know, it’s like, for no reason at all, everyone just started hating their guts. No reason at all.
We in the west part of Canada need to get out of Confederation NOW.
If they can’t kill us with a virus I guess they will try and tax us to death.
“As if fearing that morale would not improve without further beatings…”
Nice.
Loved the corporate tax drop. The only correct step made is TDS inspired limbo.
The dolts actually got one bit right so, of course, it will be seen as an error.
Modern day serfdom is what is coming – actually we are almost there.
Cut taxes. Hit them where they live.