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The EcoFiscal Commission is the latest to recommend a carbon tax BUT with a big caveat – in order to offset the impact – the money must be returned to the individuals and businesses who paid it. In other words, revenue neutral – sadly governments disagree.
One of the key indicators of job creation and economic growth has just hit a 61 year low – and few seem to care. Meanwhile, after a 30% cut in wages due to the falling loonie, record low interest rates and big deficit spending – the economy can manage 1.7% growth. Why?
Because they are doing it thanks to a combination of ignorance, cluelessness, ideology and a refusal to be aware of changes to the competitive environment and what the other two levels of government are doing.
The attacks on free speech are increasing – at libraries, universities and in public debate, which is more than a poke in the eye to members of the Canadian military who fought for our freedom. Too many people fail to appreciate the massive economic and social cost.
Socialist, Bernie Saunders recently observed that “radical” and “fringe” ideas like doubling capital gains taxes, wealth taxes, a tax on technology and dramatically higher taxes on business income have become so mainstream they’re not even questioned.
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Mike’s Editorial – Pensions on My Mind
Posted by Michael Campbell
on Saturday, 7 December 2019 11:44
Maybe I should retire. It would certainly make some people happy, especially supporters of the status quo power groups but I can’t turn my back on what’s about to happen in the next two years – i.e. massive financial changes.