Income Taxes v. Consumption Taxes
We interrupt the recent blathering to bring you some political pontificating.
There are competing views on how best to collect taxes from the citizens, and I’m going to advocate a generally unpopular method of taxation – consumption taxes.
You see, I strongly feel that there are any number of illicit activities that generate income and yet escape paying income taxes on their earning simply based on the fact that if they are already breaking criminal laws in their profession – what threat is the Canadian Tax Code?
My approach would be to repeal income taxes, administer a consumption tax on all goods and services provided in Canada, apply an import duty on goods imported to Canada so that even items purchased outside of Canada will still generate tax revenue for the government. Low and modest income Canadians can still receive tax rebates like the GST/HST credit and all income earners would pay taxes, even the pimps, drug-dealers and mobsters.
We interrupt the recent blathering to bring you some political pontificating.
There are competing views on how best to collect taxes from the citizens, and I’m going to advocate a generally unpopular method of taxation – consumption taxes.
You see, I strongly feel that there are any number of illicit activities that generate income and yet escape paying income taxes on their earning simply based on the fact that if they are already breaking criminal laws in their profession – what threat is the Canadian Tax Code?
My approach would be to repeal income taxes, administer a consumption tax on all goods and services provided in Canada, apply an import duty on goods imported to Canada so that even items purchased outside of Canada will still generate tax revenue for the government. Low and modest income Canadians can still receive tax rebates like the GST/HST credit and all income earners would pay taxes, even the pimps, drug-dealers and mobsters.
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