Quote:
Originally Posted by flamey_mcflame
The GST the Tories introduced.
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To replace the Manufacturers Sales Tax, which at the time was hurting Ontario and Quebec internationally for exports. The GST spread the tax base out and was also to go towards debt reduction, which it has since implemented (but taken credit by the Liberals).
Times were different then. Not sure if you were around for the staggering inflation rates happening globally but I lived through it. Global inflation came down luckily and has been pretty stable since.
I was never a fan of Mulroney, but the GST (and free trade) did in fact turn out OK. And I am equally OK with the GST reduction now to a more reasonable level.