So at the end of this day, the government will come down with a budget which may or may not solve the alleged economic crisis. Why would it be a crisis when it is just part of the capitalist money flow cycle?
Every trick in the book will be tried to the effect where the government, regardless of the party in power will spend $34B just to right the ship. But one must ask, if the ship is all that typsy. Free market is not like plate glass, which is perfectly smooth and even. Since Adam Smith twisted the quill and ink, economics has recognized that the free market economy is more like a Grand Banks squall with towering waves and deep troughs.
If a government wants a quick fix to apply to everyone, and cause an effective economic stimulus only one solution will work. That solution is to eliminate the retail sales tax both federally and provincially.
1 comment:
Getting rid of the sales tax is a great idea!
The first thing I'll do is purchase a yacht, then maybe a Rolls Royce and maybe even that Porsche I've been wanting for so long.
Oh, wait a minute! I don't have any money and as a result, I don't purchase much of anything anymore.
I don't think getting rid of the sales tax is going to help me personally but I suppose, if it helps the wealthiest people in the country decide to purchase more extravagant toys, it's well worth the sacrifice to the national and provincial treasuries.
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