Quote:
Originally Posted by blankall
A problem I see with raising taxes is that a lot of businesses, particularly small businesses, are already hurting. Another issue is that tax hikes often get passed to the consumer. So you can actually make inflation worse by increasing taxes.
Then again, I guess raising interest rates affects any business already in debt.
Unfortunately, once again, I don't think there's any pain free way out of this.
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That's the logical conclusion. It's not like the BoC or all the experts who know how the systems work want us to suffer. It's not as if they have secret levers that could fix this they aren't pulling. Can you criticize timing or size of moves? Sure. But the general solution is always going to be the same.