RE:RE:RE:Tax the ""RICH"",,,,,,,,,,,,,,JUST a LITLE MORE.............
Reddeer....I find much in your post to agree with....
A flat tax rate that everybody pays the same??? Sounds good as long as we eliminate any and all deductions.....no more realtors expensing their dry cleaning and car leases or contractors expensing lunches because they may have been with a prospective client. Hourly wage earners can't expense anything so why should anybody else? I'm in!
And in your business if it costs you 100k to make 100k....maybe you should be in another business.
The bottom line here is, over time, politicians are faced with demands from the electorate (or are voted in because of some new thing they were going to do for the electorate)....then when they give the people what they say they wanted, and run deficits... they get raked over the coals for it....when they correct that situation by raising taxes they get voted out and replaced by a new government that makes unrealistic promises to get the votes. Happens over and over and over again.
Call me old (seen the movie quite a few times)..and call me a cynic!
The one and ONLY thing that forces the politicians hands is the bond market....and it has not spoken yet... No matter what you or I might think of Canada's position regarding taxes, deficits or debt we are compared EVERY DAY to other countries....and right now we look pretty well "middle of the pack"... so I don't expect ANY politician, of any stripe, to make real, meaningful, substantial changes in the medium term. Apart from some window dressing it will be more of the same.
If you or I were "King" we could fix the whole darn thing in a month or two but reality says it's an agonisingly slow process....turning around the Titanic would be easier. ;) ...Regards.