Quote:
Originally Posted by Bunk
I’d do these things immediately:
Introduce a 5-7% HST
Introduce a 5cent/litre provincial gas tax increase
Cancel plans for further corporate tax cuts
Work with the feds to Introduce a 5cent/litre federal gas tax increase, with revenues to oil-economy regions to soften revenue shocks
Prepare for short term financing and other measures to keep some firms afloat.
Medium term - dedicate provincial and federal revenue to targeted diversification efforts.
Avoid big public sector cuts, which would undermine diversification efforts and would themselves cause further unemployment challenges.
Have large scale infrastructure stimulus that will have economic impact and have utility in diversification.
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Sound economic decisions is a luxury we can't afford.
Have you considered investing the wealth of future generations in a volatile and dying industry instead?