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Originally Posted by Lurch
I'm going to make an attempt to actually talk policy on this thread - sorry in advance for missing the spirit of these threads!! Anyway, I read this morning that Harper wants to cut the GST to 5% within five years as opposed to cutting personal income tax as per the Liberals. Typically, economists, especially those more on the right, would say this is bad policy since a consumption tax is more economically efficient than an income tax. Since Harper no doubt knows this, it seems to me he is pushing the GST cut just to have a different policy than the Liberals - any thoughts?
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"Economically efficient" is the right term. There are probably a lot of other taxes he could cut to the same effect.
But voters have always hated the GST . . . .
The good thing about the GST is that no politician in his right mind would ever raise it . . . . unlike the myriad of other taxes that seem to rise all the time.
Cowperson