Quote:
Originally Posted by powderjunkie
Genuinely curious if you can elaborate on these issues?
|
This is just a few of the issues on my mind.
I can't fully support the NDP's economic direction. What the NDP is proposing is simplistic from what I have seen. Raise corporate taxes. Lower insurance rates.
What happens if corporate taxes are raised?
Why are insurance rates high? What happens if they are lowered?
I guess I just want these two things explained further in terms of why they reached the solution they are proposing and what impact they think it will have.
There are several reasons why insurance rates are increasing and it isn't simply because of inflation. Claims are more frequent and severe. Your car... your house... they are more expensive to replace compared to 10 years ago. Catastrophic events like wild fires are more frequent. Even if these events occur in the US for example, it still raises the cost of your insurance. Insurance companies get reinsurance to protect themselves to a degree. This reinsurance they are required to buy (regulation) is increasing in cost dramatically.
NDP's playbook is to tax the rich into submission with the expectation that they will gladly take it.
Of course, I could spend just as much time complaining about the UCP. UCP doesn't have the answers either. I won't even entertain UCP with them calling transgender children poo.