Quote:
Originally Posted by Sliver
I'd also pay more taxes for all people to have, say, dental coverage as part of our provincial healthcare.
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Nobody is getting any extra government services out of the tax increases being discussed though. As inflation has been rising the government debt is going to get more expensive. If rates go up by 4% that would require corporate taxes to double just to pay the interest on the existing federal debt. (1.2 trillion federal debt, ~50 billion federal corporate taxes) That doesn't include any new program spending (eg dental promises) nor does it include any of the bailouts that would be likely to go to people/companies that have overleveraged themselves.
Right now inflation is basically a tax on the purchasing power of people on fixed income, but I think it's very likely at least some of that will shift to actual taxes. Higher taxes for higher services is a different discussion, imo.