tag:blogger.com,1999:blog-7141615629701321642.post7871762834748047488..comments2024-01-07T08:41:13.864-05:00Comments on C A I T I - O N L I N E: Note to Ignatieff: How a tax increase could be stimulativeBrent Fullardhttp://www.blogger.com/profile/08515599756822506137noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-7141615629701321642.post-86388025415141565162009-04-16T08:16:00.000-04:002009-04-16T08:16:00.000-04:00".....ahem, that's why they call it "STIMULUS", na...".....ahem, that's why they call it "STIMULUS", namely providing financial incentives to do what you might not otherwise be stimulated to do, all other things held equal."<br /><br />"Stimulus" or not, financial incentives are absolutely useless if you don't have a job or may be in the unfortunate position of losing it. The government can offer to pay 75% of your bill, but if you don't have the resources to pay the other 25%, the program is moot.<br /><br />The rest of your point is that a tax increase, phased in or not, will provide an incentive to buy. What happens after the your "grace period" expires and the GST is back at full force of 6%? A consumption tax during hard fiscal times would only serve to penalize retailers and consumers further.<br /><br />I might suggest that you read my responses more diligently and correlate your thoughts before answering.Mr. Lornehttps://www.blogger.com/profile/13520591510834267209noreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-16789967430360431852009-04-15T15:28:00.000-04:002009-04-15T15:28:00.000-04:00Leeky Sweek:
"Also, if something is going to go u...Leeky Sweek:<br /><br />"Also, if something is going to go up in the future, you suggest people would buy that today. Might be tough to do in a recession."<br /><br />Your second kick at the can makes even leas sense than your first attempt.<br /><br />"Might be tough to do in a recession".....ahem, that's why they call it "STIMULUS", namely providing financial incentives to do what you might not otherwise be stimulated to do, all other things held equal.<br /><br />The avoidance by consumers of a disincentive to consumption(i.e. my proposed phased increase in the GST) can be every bit as stimulative as the presence of a carrot (i.e Flaherty's thingy).<br /><br />For anyone to argue otherwise, defies logiocal rational thinking and would require one to reject the very fundamentals of how eonomies work and how people behave.<br /><br />Sheesh! <br /><br />Brent FullardFilliblusterhttps://www.blogger.com/profile/06563618107971013947noreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-2699940468057316962009-04-15T14:43:00.000-04:002009-04-15T14:43:00.000-04:00Anonymous 1:37:
So it's government to the rescue?...Anonymous 1:37:<br /><br />So it's government to the rescue? So taxpayers pay for a day care system whether they need it or not under the assumption that you could have made more money. That's fair, make everyone pay so you can work more.<br /><br />Doesn't sound like you tried very hard to find that daycare provider, even for off-hours.Larry the Satellite Guynoreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-34555858260834860462009-04-15T14:31:00.000-04:002009-04-15T14:31:00.000-04:00Jim Flaherty's "thingy" as you call it is a tax cr...Jim Flaherty's "thingy" as you call it is a tax credit...the antithesis of a tax increase. And some people, who have money are taking advantage of it. Those who have to be careful due to layoffs, etc. obviously will not partake. <br /><br />Also, if something is going to go up in the future, you suggest people would buy that today. Might be tough to do in a recession.<br /><br />Oh yeah...SHEESH!Mr. Lornehttps://www.blogger.com/profile/13520591510834267209noreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-5534389476803633962009-04-15T13:41:00.000-04:002009-04-15T13:41:00.000-04:00Leeky Sweek:
Well I guess that means you don't kn...Leeky Sweek:<br /><br />Well I guess that means you don't know what you are talking about or you didn't read the post.<br /><br />What is being proposed here is a PHASED IN increase in the GST.<br /><br />You are trying to tell me that wouldn't stimulate the economy and consumer consumption?<br /><br />If that's your argument then you better tell the Government of England , who are doing that very thing in effect, or Jim Flaherty, whose 15% Home Owner Rebate Thingy is nothing more than that.<br /><br />Get with the program, if the price of something is on the verge of going up.....then you CONSUME TODAY.....sheesh!<br /><br />Brent FullardFilliblusterhttps://www.blogger.com/profile/06563618107971013947noreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-18966417477533436942009-04-15T13:38:00.000-04:002009-04-15T13:38:00.000-04:00In time of recession, a tax cut also doesn't stimu...In time of recession, a tax cut also doesn't stimulate spending.Big Winniehttps://www.blogger.com/profile/18396077232214728401noreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-84284808207863518352009-04-15T13:37:00.000-04:002009-04-15T13:37:00.000-04:00I could have paid a lot more in taxes in the last ...I could have paid a lot more in taxes in the last 15 years if there had been a childcare system in place. I had crazy hours, but could make good money, but simply couldn't get reliable, reasonable daycare for those hours, so I had to leave that industry. Now, 15 years later, (I haven't needed daycare for the past 5 years anyway) I've made half of what I could have, paid far fewer taxes and bought a lot fewer goods and services. To say that providing services (spending) would not have increased the $$$ for the rest of Canada by my increased earning capacity is just stupid. Of course you can stimulate the economy for long term sustainable growth with an injection of funds. If you can't see that, your scope is far too narrow.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-21230318459506256402009-04-15T13:23:00.000-04:002009-04-15T13:23:00.000-04:00A tax increase never stimulates an economy. It's ...A tax increase never stimulates an economy. It's like a bucket of water on a fire.<br /><br />Harper should have stuck to a Conservative budget, with tax cuts as an incentive. You need to give those who make wealth in this country the chance to do it, not give it away to an institution (government) that does not itself create wealth.<br /><br />No can "spend" their way out of financial difficulties, not even governments.Mr. Lornehttps://www.blogger.com/profile/13520591510834267209noreply@blogger.com