Quote:
Originally Posted by SebC
Universal benefits and progressive taxation, please.
GST rebate on new homes has many of the same issues. Only helps those who can afford homes, and helps those who can buy more expensive homes more.
I think dental (and pharmacare) should be universal, like hospital care and education are. Get the wealthy invested in the system.
EV rebate is different, that's a payment for a positive externality (or at at least it could be - if the carbon tax is adequate then an EV rebate may not be necessary).
Thank you, you just articulated exactly my point as to why this sort of tax cut is a bad way to help people.
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I'm not a big fan of the policy, but it should have broader effects on overall supply, which benefits everyone.
There would be some much better ways to implement a similar policy to drive desirable outcomes (ie. missing middle). Or only the first $500k should be exempt. But I also question if GST on housing makes sense to start with...pretty well every material and service involved in construction already charges GST, and labour is also taxed. At most it should be maybe 10-20% of the total price that gets charged GST