I actually agree with everything you said about the Throne Speech except the part about the GST.
I know it was the Tories who introduced the GST (and the Liberals who promised to scrap it) but consumption taxes are regressive. They fall disproportionately on the poor who spend a much higher portion of their income on consumption than do the rich who save or invest a lot more of their income.
The GST also creates a large administrative burden for merchants. This is again something that is more of a headache for small businesspeople and tradesmen than it is for large corporations. Just because every country seems to have a VAT or a GST doesn't mean that is the most equitable method of taxation.
Reducing the GST is a good start but I would prefer if it were eliminated entirely.
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I actually agree with everything you said about the Throne Speech except the part about the GST.
I know it was the Tories who introduced the GST (and the Liberals who promised to scrap it) but consumption taxes are regressive. They fall disproportionately on the poor who spend a much higher portion of their income on consumption than do the rich who save or invest a lot more of their income.
The GST also creates a large administrative burden for merchants. This is again something that is more of a headache for small businesspeople and tradesmen than it is for large corporations. Just because every country seems to have a VAT or a GST doesn't mean that is the most equitable method of taxation.
Reducing the GST is a good start but I would prefer if it were eliminated entirely.
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