RE:RE:RE:RE:buybacks
Dibah420 wrote: "My concern however, is like all taxes, they just go up and up and up until the government changes."
Changing governments might (or might not) yield lower taxes, but seldom gets us out of burgeoning deficits.
In Ontario, for example, the reign of Mike Harris-Ernie Eves bequeathed a larger deficit that what they had inherited from the previous duo of David Peterson-Bob Rae.
Cheers
I don't disagree. I meant that one specific new tax RATE creeps up and up. So the 2% doesn't seem like it's enough to spur angry villagers with pitch forks and torches to encircle the castle, my cynical side sees that as intentional. Then they'll creep it up to 3%,5%,10% until the villagers gather and replace their overlords with a new gang. Who may very well not eliminate the now 10% tax, or maybe they WOW us with a cut from say 10% to "only" 8%, so we forget not long ago there was no double taxed buybacks.
But, now you got me going !! All governments are very reluctant to ever give up a revenue source. Just look at USA deficits and surplus for simplicity(its so starkly clear) and compare it to who was president. It's shocking to compare results with rhetoric. Example: Who was the president when the USA actually had its ONLY significant surplus, Clinton! In 2000. What? And who ran stunning record deficits for 10 years before him? My hero Ronald Reagan, and his idiot sidekick Bush, the father. At the time, HUGE deficits! After the Clinton surplus years came Bush the idiot son, and what did we get? The near collapse of the economy and another record deficit in 2009 of 1.4 TRILLION! We couldn't even imagine what a deficit of a TRILLION was. Then came Obama, with his hated rescue and bailout of the entire American economy and attempt at finally addressing the ridiculous health care system. Deficit? Ratcheted back to "only" half , or less than, the deficit level of bush the idiot. Then what you ask? The even more stunning YUGE deficits run up by the now indicted Trump. Farewell to the shocking 1.4 $trillion deficit hit by bush the idiot, here comes the most irresponsible president ever and he runs a (insert hyperbolic adjective) deficit of well over 3 $TRILLION . WTF? Aren't the republicans supposed to be the fiscal stewards that curb spending and the democrats the spenders like out of control drunken sailors ?? Over and over, it's the opposite, Once is an anomaly but it's happened my entire life going back to the 50s. So, going back to your example, why would anyone be surprised the mike Harris "common sense revolution " resulted in a bigger deficit than the commie lib/NDP dark days ? Mulroney introduced the still hated GST at 7% despite the fact it replaced the mst which was hidden from the villagers but killed jobs in Canada. Then along comes chretien, talking out of both sides of his mouth, PROMISED to scrap the gst and won a huge majority government. Did the liberals scrap it? Nope. They decided that merging it with the provincial sales tax and calling it the blended sales tax, aka BSTax kept their promise. So eventually they got booted for their insulting 7% hidden HST. Then what you ask? Those crazy Harperites that hate deficits, CUT the GST buried in the HST to "ONLY" 5% and went on to run Canada vs the "natural governing party" liberals. Until .....
okay,okay, that's enough political jibber jabber. GO OIL, GO ATH ! Glory to Ukraine!