Quote:
Originally Posted by Flash Walken
I think this is somewhat out of touch with the realities in Alberta.
Alberta has the richest rich and the poorest poor in the country; the most unequal populace in the country. Giving tax breaks or excluding things like groceries doesn't address that the province needs to elevate more people out of the category of 'poor' to improve the economy. Instead of eeking out a living, these people need to be buying ipads, vehicles etc., rather than generic Mac and cheese.
any way you slice it, the least impactful method of increasing tax revenue is by doing it on the absolute highest income earners. Taxing business and consumption creates artificial drags on the economy. I am not even suggesting raising income tax on anyone who earns less than 300k a year. It impacts essentially no one in the province, but vastly improves the provincial budget situation.
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I guess this is where we differ. I'm pretty sure that I disagree that people who are struggling to make ends meet should be out buying vehicles and iPads. I mean we might have differing views on the working poor, but buying a bunch of depreciating crap is exactly what should be taxed. These are luxury items (no matter how commonplace they are today).