Quote:
Originally Posted by CliffFletcher
The GST was implemented because sales taxes are a highly reliable way to generate government revenue. And Harper being a smart guy who understood Canada’s looming demographic headwinds, cutting the GST was irresponsible pandering.
If we don’t want our public health care system to collapse altogether, at some point we’re going to have to restore the GST to at least 7 per cent. Probably higher. The Nordic countries that Canadians like to compare themselves with for their social welfare (and expect the same level of public services) have 20-25 per sent VATS.
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And huge payroll taxes. Places like Sweden and Germany have 20-30% payroll taxes vs. Canada's 7-8%.