| | Sorbet said "can we expect with a Liberal majority?
1. Deficits: 2. Higher CPP premiums: 3. Higher EI premiums: 4. Legalized marijuana: 5.CO2 levy/tax: 6. No more military presence in Syria. 7. OAS returning to 65. " |
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1. Deficits or debt is necessary to move forward and create employment. Do you really think companies will be willing to take on infrastructure work and hire employees for free out of the goodness of their hearts? No... they need a contract and payment, but since we are currently in a technical recession and deficit situation already, money has to be borrowed by the Feds to do this. This results in more employment, more security, a larger tax base, more consumer spending, growth for other industries because of the increase in spending, and it snowballs from there.
2. The higher CPP premiums will come with an expansion to the CPP program. This is basically a retirement savings plan. The government can't use any of that money - it's all earmarked for the individual Canadians who contributed so that they have a guaranteed income in retirement. It's not a tax. It's not a fee. Expanded CPP will ensure higher payouts for low income earners and more stability to the fund, even though it is fully sustainable currently.
3. Higher EI premiums probably won't occur, but again, this is not supposed to be a tax. It is insurance against job loss. If you pay homeowner insurance premiums all your life and never have a claim, do you consider that a tax? Of course not - you consider it sound fiscal practice. Same with EI (unless the government raids the fund to "balance" the budget).
4. Legalized marijuana is a bad thing how? Does legalized alcohol lead to increased teen alcohol abuse? Does legalized tobacco lead to more teens smoking? Do either of these things lead to more organized crime? No to all three. What legalized vices do lead to is more regulated use of the substance in question and increased tax revenues for the government from its sale. Cannabis is not a gateway drug any more than tobacco or alcohol. And, unless you smoke 20 joints a day, it's no worse for you than tobacco which is full of carcinogenic chemicals while pot is not.
5. CO2 levy - what would be a good way to encourage business to develop sustainable energy alternatives? How about making it more expensive to pollute? Sure, it might cause prices of goods to increase a bit in the short term, but if we don't do something to get a handle on CO2 emissions, at some point in the not-too-distant future, none of that will matter anyway. If you have a better idea of how to give polluting industries an incentive to reduce carbon emissions, let's hear it. In the meantime, a shot to the wallet always works.
6. No more military in Syria. Why are we there in a combat role in the first place? Would anyone notice if we weren't (other than the families of the soldiers who won't be killed)? What ever happened to our support and peace keeper role on the world stage?
7. OAS returning to 65 is a bad thing how? Maybe with that expanded CPP, this will allow our seniors to be able to retire at 65 and open up more employment opportunities for our youth.
Edited by JR, 2015-10-20 13:44:56