Mike’s Saturday Editorial
Do you believe the Federal Liberals declaration that the new tax changes on small business are fair? Mike does not, and today he spells out why the last thing these tax changes are is fair.
…also from Michael: Worldwide Stock Market Rally – The Latests Stat’s Can
The saying “A Bull Market climbs a wall of worry” explains why a lot of people are surprised that we continue see higher prices after each pullback in Stocks World Wide and all of the surprises are coming to the upside. Stats Can’s new numbers show the growth is in the West reminding us how important the resource markets are for economic health. Despite average persons income increasing, the average persons purchasing power declined thanks to a rise in inflation.
….also from Michael: The Pattern is Set – Deficit Spending Is Now Normal Practice
Why aren’t the majority of Canadians bothered by the Trudeau Government’s increased spending and borrowing over what they promised during the election. Problem is, the Canadians that will be paying the accumulated debt are the younger generation, those taxpayers who do not yet seem to be fully aware that it will be them on the hook for the Liberal Government policy of deficit spending, and piling up debt even when times are good and the economy is doing well.
…..also from Michael: BC Using Carbon Tax To Raise Revenue
BC Joins Alberta in using the carbon tax to raise general revenues, just like any other tax. And in the process dramatically changes the cost/benefit analysis.
….related: Taxes, Taxes, And Even More Taxes
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A sane voice in a scrambled investment world.
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BC and Alberta Have Upped The Cost of Cutting Emissions
Posted by MIchael Campbell
on Saturday, 16 September 2017 18:17
In 2008, when BC introduced the carbon tax it was revenue neutral. Any revenue collected would be returned in the form of lower corporate and indiviudal taxes so there was no net increase in the government’s tax revenues. That’s now changed in BC and Alberta – like any other tax, the carbon tax will be a revenue generator, which is bad news for the economy.
…related from Michael: In The Name of Fairness