Quote:
Originally Posted by Slava
Right. Those "other guys" can afford it. I've seen this argument for years with the corporate taxes, income taxes and basically everything else. I'm just a little bit jaded because at some point there has to be a better solution.
(IMO that is a pure consumption tax, but we've been over that on this board a number of times)
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The better solution is the one used by almost every state in the developed world - a progressive income tax. The flat tax was only viable in the first place because of energy royalties. Now that it looks like the government of this province has finally come to its senses and is trying to develop a revenue base that doesn't really on energy royalties, we'll just have to join the rest of the world and restore progressive income tax. The flat tax was a bad idea to begin with, driven by ideology rather than prudent fiscal management.