No. Canadians should sell all the property owned by the government in the US including that embassy built on prime Washington real estate, the $9 million condo in NYC and all the residences owned or rented by our consular staff in most states. What with their high salaries (their kids are mostly in private schools) and generous expense accounts, car leases, moving costs and such that would go a some way into paying for more on defence – even though I object to belonging to NATO in the first place.
Routine_Soup2022 on
It’s not a net cost to start with. I’d love to hear an economist chime in on downstream effects to the economy of increasing defence production.
Second, this is probably a good case for something like war bonds if there’s a need for surge spending.
Third, let’s look at options for this spending which generate downstream benefits to other industries.
Fourth – only if necessary – make the case for tax increases.
RC7plat on
If we are going to start selling off natural resources to the world then I want a royalty to pay for the increase of defense spending.
Seems like a fair trade off to me.
Former-Physics-1831 on
Absolutely. The Peace Dividend is over. We are either going to need to significantly ramp down spending in other categories, increase revenue, or some combo of the two.
Cutting the GST was always a bad idea, restoring it would take a much needed chunk out of the deficit
sheps on
I’m okay with raising the GST/PST/HST overall but we should permanently expand the list of exempt essentials to mitigate the impact on the lower class, i.e. books, kids clothing/diapers/formula/etc, and hot/prepared food in grocery stores.
Corrupted_G_nome on
Im not happy about it, however I am much more against cutting funds to our already underfunded social programs.
Seems like the reasonable thing to do if we are going that way.
alexander1701 on
Sales taxes are regressive, hitting the poorest Canadians the hardest and disrupting the service industry, while barely impacting the wealthy. If we need tax increases, it should focus on property taxes to cool off the housing market a bit, capital gains taxes, and taxes on high income earners.
DavidsonWrath on
Delete all personal and corporate income tax and replace it with increased GST/HST and an LVT (land value tax). There are no loopholes, and the GST rebate already exists which can be increased for the lowest income people to pay for essentials.
This also eliminates a massive amount of admin work for individuals, corporations, and the CRA. All of which is time and energy that can be put to productive use instead.
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No. Canadians should sell all the property owned by the government in the US including that embassy built on prime Washington real estate, the $9 million condo in NYC and all the residences owned or rented by our consular staff in most states. What with their high salaries (their kids are mostly in private schools) and generous expense accounts, car leases, moving costs and such that would go a some way into paying for more on defence – even though I object to belonging to NATO in the first place.
It’s not a net cost to start with. I’d love to hear an economist chime in on downstream effects to the economy of increasing defence production.
Second, this is probably a good case for something like war bonds if there’s a need for surge spending.
Third, let’s look at options for this spending which generate downstream benefits to other industries.
Fourth – only if necessary – make the case for tax increases.
If we are going to start selling off natural resources to the world then I want a royalty to pay for the increase of defense spending.
Seems like a fair trade off to me.
Absolutely. The Peace Dividend is over. We are either going to need to significantly ramp down spending in other categories, increase revenue, or some combo of the two.
Cutting the GST was always a bad idea, restoring it would take a much needed chunk out of the deficit
I’m okay with raising the GST/PST/HST overall but we should permanently expand the list of exempt essentials to mitigate the impact on the lower class, i.e. books, kids clothing/diapers/formula/etc, and hot/prepared food in grocery stores.
Im not happy about it, however I am much more against cutting funds to our already underfunded social programs.
Seems like the reasonable thing to do if we are going that way.
Sales taxes are regressive, hitting the poorest Canadians the hardest and disrupting the service industry, while barely impacting the wealthy. If we need tax increases, it should focus on property taxes to cool off the housing market a bit, capital gains taxes, and taxes on high income earners.
Delete all personal and corporate income tax and replace it with increased GST/HST and an LVT (land value tax). There are no loopholes, and the GST rebate already exists which can be increased for the lowest income people to pay for essentials.
This also eliminates a massive amount of admin work for individuals, corporations, and the CRA. All of which is time and energy that can be put to productive use instead.