Another Ooops

I see in an article by Patrick Brethour in the Globe and Mail that “Since the early days of the pandemic, the federal Liberal government has pointed to rock-bottom interest rates as a key reason why their spend-in-all-directions fiscal approach will not drive Canada into a debt wall …[and] … In the fall economic statement,Continue reading “Another Ooops”

It is time (2)

Yesterday, I said that despite his many and manifest failures as a leader and as a person, Canadians remain likely to vote for Prime Minister Justin Trudeau’s Liberal Party because: They are, broadly and generally, satisfied with the way he has tried to help Canadians through the COVID-19 pandemic ~ mainly by by spending lotsContinue reading “It is time (2)”

The carbon tax, again

Well, the carbon tax is back in the news again, isn’t it? Almost three years ago I wrote about the utility of a carbon tax and I compared it to the familiar “sin taxes” that governments levy on e.g. alcohol and tobacco and, in some places, on activities like prostitution and gambling. A few monthsContinue reading “The carbon tax, again”

Disappointed, not surprised

I am disappointed but not surprised at the appointment of Michael Sabia as Deputy Minister of Finance. His ideas, as enunciated in an essay he wrote fo the Globe and Mail back in March, seems wholly aligned with the wooly, silk-stocking socialist views of Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland. I’m disappointedContinue reading “Disappointed, not surprised”

Long term care or long term storage?

Some of us need long term care for our elderly relatives … it’s a legitimate need, not everyone can be cared for, adequately, at home, not even with some specialist support like a live-in caregiver … … and successive governments have made the existing (previous?) live-in-caregiver programme more and more difficult to access for thoseContinue reading “Long term care or long term storage?”

A very conservative idea (2)

I have written, more than once, in favour of some sort of guaranteed annual income based on a negative income tax system. I have called it a very conservative idea because it has been advanced by e.g. Friedrich Hayek and Milton Friedman … … and while I know that many so-called conservatives oppose the ideaContinue reading “A very conservative idea (2)”

A very Conservative idea

I have discussed the notion of a universal basic income several times. I always focus on a negative income tax ~ an idea proposed, mainly, by the Nobel Prize-winning conservative economist Milton Friedman. As explained by the Sloan School of Management at the famous Massachusetts Institute of Technology, “This structure is designed so that peopleContinue reading “A very Conservative idea”

Some thoughts on taxes

My first and, I believe, the most important thing to understand about taxes is: there is only one taxpayer; it is you and me and individuals like us. Corporations do not pay taxes ~ they pass every single penny of the taxes assessed to them on to us, their customers. You and I and yourContinue reading “Some thoughts on taxes”

The Argentina of the North

Almost three weeks ago, I quoted Professor Jack Mintz who said “Creditors eventually will want Canadian governments to have sustainable fiscal plans. If not, they will downgrade our debt, leading to higher interest rates. This has already happened to Alberta, which has the lowest debt-to-GDP ratio of all the provinces but also the second highestContinue reading “The Argentina of the North”

Boring, but vital

There are few things more boring than discussions of tax reform. Once a year, or so, most of us grumble about how complicated the tax system is ~ I have commented on Rita Trichur’s idea about that, by the way ~ but then we forget it. Jack Mintz, writing in the Financial Post, says thatContinue reading “Boring, but vital”