Quote:
Originally Posted by Regorium
The answer is actually really clear. The "rich" actually want and demand basically zero levels of public service aside from existing in a stable first world society. They will fly to the US for health care, use the 407, private schools, hire a nanny or two so they don't use child care and so forth, yet they are charged the most. On the other hand, the people that use the system the most, pay the least. If you're asking whose fault it is for the government running record deficits, it's actually the middle and lower class demanding services that their taxes (if they pay any) don't cover.
If you look at a Scandinavian country, they have a VAT of 20-25% in order to offer the levels of service we want. Consider that the tax rates on "the rich" in those countries is actually quite similar to Canada. The difference is the 20% in GST (or whatever lower # that makes it equivalent to a VAT) that we don't charge here.
What's the solution? I'm not sure, but your crusade against the rich may be misplaced.
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Before this becomes a talking point. All of Europe has a very high VAT rates
of +19%. Greece for example is 24%, Hungary is 27%, Sweden is 25%, Finland 24%, UK 20%, etc.
The Scandinavian countries have higher income tax rates than the rest of Europe.