I don’t usually agree with the CD Howe Institute, but
Other circumstances, however, are well within Canadian policy makers’ scope. Canadian living standards are stagnating. Weak capital investment is hurting productivity and incomes. Canadian businesses tend to stay small. Canadian governments rely relatively heavily on personal income taxes, with high rates that apply at relatively low income levels
The problem is, the Howe institute isn’t going to look at the logical alternative, which is punitive taxation on non-productive wealth, like real estate, finance and, well, cash hoarding in general.
I don’t usually agree with the CD Howe Institute, but
isn’t wrong.
The problem is, the Howe institute isn’t going to look at the logical alternative, which is punitive taxation on non-productive wealth, like real estate, finance and, well, cash hoarding in general.
They’re sooooo close, though.