i also think we should have a flat tax that doesnt penalize sucess.

I also do not believe in inheritance tax. Why should i pay tax on something my relatives paid tax on in the first place? Thats just wrong.

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quote:

Originally posted by jester Everything in this country is illegal.

"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery…" Winston Churchill

‎"If you have ten thousand regulations you destroy all respect for the law" - Winston Churchill

quote:

Originally posted by musicsnob_NOT The PC's did implement the GST and in fact it is a very good tax and much better than the one it REPLACED - it wasn't a new tax.

Good point.

It replaced the out-dated 13.5% Manufacturers’ Sales Tax (MST), which had been in effect since 1924. The MST was generally levied at a rate of 13.5%, but was also highly complex in that it was subject to no fewer than 22,000 special provisions and administrative arrangements.

http://canadianeconomy.gc.ca/englis...my/1991gst.html

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- rabbit.joker [funny¿rabbit] | www.rabbitjoker.com |www.ddtt.org

Dark Dirty Tech Tribal. | Hands in air (trance) and feet on the floor (house).

Just think of how much business will save by not having to pay as much GST on supplies and equipment etc.

Eventually in a competitive world, those savings will be passed on to the consumer.

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quote:

Originally posted by jester Everything in this country is illegal.

"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery…" Winston Churchill

‎"If you have ten thousand regulations you destroy all respect for the law" - Winston Churchill

quote:

Originally posted by Jayx1 Just think of how much business will save by not having to pay as much GST on supplies and equipment etc. Eventually in a competitive world, those savings will be passed on to the consumer.

GST is already refundable to the business, when they file their taxes. So no savings.

quote:

Originally posted by Jayx1 Just think of how much business will save by not having to pay as much GST on supplies and equipment etc.

Come on Jay! You own a business and know exactly how this works. The GST companies pay is washed with the GST they collect. Business will save nothing by having reduced GST.

___________________
- rabbit.joker [funny¿rabbit] | www.rabbitjoker.com |www.ddtt.org

Dark Dirty Tech Tribal. | Hands in air (trance) and feet on the floor (house).

quote:

Originally posted by rabbitjoker Decreasing consumption taxes does not change post-tax income.

im not talking about post-tax income... im talking about disposable income, different things.

quote:

You've left demand out of your analysis.

How would demand affect my analysis?


EDIT: Besides... what u really should be considering here is the possibility of increase in the budget defit, in debt, and the decrease in investment that could go into the healthcare, public education and other gov. programs. Inflation is not the worst thing that could happen

Last edited by Ub3rBreaker on Dec-01-2005 at 23:46

quote:

Originally posted by rabbitjoker Good point. It replaced the out-dated 13.5% Manufacturers’ Sales Tax (MST), which had been in effect since 1924. The MST was generally levied at a rate of 13.5%, but was also highly complex in that it was subject to no fewer than 22,000 special provisions and administrative arrangements. http://canadianeconomy.gc.ca/englis...my/1991gst.html

Wow, I never even knew that. I wonder how many other Canadians realize that the GST replaced a *higher* and insanely complex tax. Probably very few.

I do think that the Canadian government should eventually reduce consumption taxes, but not before eliminating income tax, paying off the national debt, and privatizing enough government institutions to eliminate the majority of government spending. Consumption taxes should go (to be replaced by a flat tax - haha, as if it would ever happen) but they should be the last thing to go.

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quote:

Originally posted by Orko GST is already refundable to the business, when they file their taxes. So no savings.

not always and not for everything

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quote:

Originally posted by jester Everything in this country is illegal.

"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery…" Winston Churchill

‎"If you have ten thousand regulations you destroy all respect for the law" - Winston Churchill

quote:

Originally posted by rabbitjoker Come on Jay! You own a business and know exactly how this works. The GST companies pay is washed with the GST they collect. Business will save nothing by having reduced GST.

You obviously never saw my GST bills.

___________________

quote:

Originally posted by jester Everything in this country is illegal.

"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery…" Winston Churchill

‎"If you have ten thousand regulations you destroy all respect for the law" - Winston Churchill