Comment 72406

By Robert D (anonymous) | Posted December 20, 2011 at 09:54:43 in reply to Comment 72377

So your suggestion is that we increase debt, in the face of a credit downgrade, which will likely result in further downgrades and raise our interest rates, increasing the percentage of GDP that provincial debt charges amount to?

As for the idea sales taxes are wrong...you have to get the money somewhere, and the altneratives to sales taxes for the provincial government are increased income taxes. Are you advocating increased income taxes?

I'd prefer sales taxes to income taxes any day, they're much more efficient. In fact, I wouldn't mind getting rid of provincial (and federal) income tax altogether, and replacing it with a larger GST/HST, built into the pricing of goods at stores, and increased relief in the form of GST/HST credits for the lower income households.

It would be easier to administer, fewer collection problems, and the compliance rates with large retail organizations (walmart, dollarama) is stellar. You'd essentially be outsourcing tax collection to the private sector. Don't you support outsourcing?

If you study taxes the trend in the OECD countries and elsewhere is to lower income taxes and increase Value-Added Taxes (VAT). Most experts are behind this. I'm wondering why you aren't.

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