Quote:
Originally Posted by calgarygeologist
After thinking about consumption tax vs income tax I think I would be all for a consumption tax replacing income tax.
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A large consumption tax replacing income tax+PST won't fly becase:
1) people will have strong tendency not to spend at all.
2) people will buy from neighboring provinces such as BC or SK.
3) many expenditures generally don't fall under a consumption tax regime, eg. rent, insurance payments, bank fees etc.
4) it's not fair to people with no AB income such as new immigrants from other countries or other Canadian provinces
5) it strongly discourage tourists to spend in AB