They are silent on everything with the exception of raising corporate and high income tax. Dix won't be nailed down on anything. There's been no need to disclose any policy when the Liberals are doing a fine job of selling the NDP to the electorate.Which is why they are so silent on their economic agenda.
http://thetyee.ca/Opinion/2012/02/27/BC ... ndex1.htmlConsider that the province's corporate-income tax rate, which stood at 16.5 per cent before the BC Liberals took power in 2001, today is just 10.0 per cent. Profitable corporations, however, pay even less than that.
Falcon's budget shows that corporate profits will surpass $24.7 billion in 2012, yet Victoria's corporate-income tax receipts will come in at less than $2.3 billion -- or a mere 9.1 per cent of profits.
Next year, in 2013, profits are expected to rise to $25.8 billion, but the province's take will drop to 7.9 per cent.
Karl Marx spread it already....
The flaw is that it would upend our economy which is based on consumption so it needs to be done gradually. I believe Harper is trying to do this gradually with the TFSA. The other flaw is that money needs to be less cash and more digital based for tracking purposes, which it generally is more and more.Your suggestion appears nothing short of brilliant! My only concern is that it sounds too good to be true and I'm thinking that I must be missing some massive fundamental flaw in it.
Sounds like an accounting nightmare...The way it should work is that all of our income should go directly into a TFSA account, and we're only charged a tax on it when we withdraw over a certain amount.
This way, it's progressive. Poor people are totally tax free (no consumption tax as well). Only people who consume over a certain amount are paying taxes.
I guess you have a short memory. Read my post. I said it's the perception (by the public and corporate community) more than any policies they enact. But when they start, it's a snowballing mess. Remember the 90s when they bailed out mills and whatnot in the interior? Hundreds of millions of $$. Great job guys.I don't think you know what you're talking about, Warren.
+1The short sightedness of people with regards to consumption taxes is absolutely incredible. Consumption destroys your savings, it's generally unnecessary, it destroys the environment, it diverts investment away from socially useful causes (imagine the billions spent on going to movies spent on a space program? or solving world hunger?), and creates jealousy between the rich and poor.
So, it looks like the NDP has a shot at this. What's your thoughts? Will they crush RE in BC with new landlord rules? By killing our economy?
(edit: I'm probably voting NDP btw, but for reasons other than the economy and RE .. Liberals are trying to kill our community for whatever bizarre reason)