Comment 24041

By A Smith (anonymous) | Posted May 27, 2008 at 19:19:01

Higher tax rates have nothing to do with increasing tax revenue to the government.

In 1961, US federal tax rates topped out at 91% vs 35% in 2007. In 1961, total tax collections as a share of the US economy were 25.98% of GDP.
In 2007, total tax collections were 30.42% of GDP.

Lower tax rates have resulted in higher amounts of revenue for the government.

To be honest it really doesn't matter if tax rates are set high or low in Hamilton. The point I am trying to get across is that there is no such thing as a free lunch.

Everybody wants more money from the province and the feds, but where does this money come from? It comes from other Canadians. Hamilton craves handouts, and like a junkie it makes us sick. Drugs work the same way, they give you a quick high, but there is a price to pay. Nothing in life is free, so if Hamilton wants to be a prosperous city, it must start acting like a prosperous city. Prosperous cities all over the world pay more into government coffers than they receive.

Instead of whining about how bad we have it, Hamilton needs to suck it up and start acting like a leader. The great thing about carrying
a heavier burden, is that eventually you get really strong.

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