Quote:
Originally Posted by MarchHare
No spin about it. Cutting the GST was bad fiscal policy. Every economist in the country said as much, but the government went ahead and did it anyway.
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You're missing the other half of the arguement being that economists in general agreed with consumption taxes as
opposed to income taxes. Meaning that Harper should have left the GST alone while cutting income taxes or capital gains taxes instead. Therefore consumption for consumption sake which is negative to long term economic growth is penalized, while savings and investment which are positives for long term economic growth are rewarded. Economist's did not generally have a unified opinion on whether 'leaving well enough alone' on both forms of taxation was optimal.