Canadian Honky-Tonk Bar Association

Rejoice, you have a voice, if you’re concerned about the destination, of this great nation,
We represent the hardhat, gunrack, achin’-back, over taxed, flag-wavin’, fun-lovin’ crowd!

Wednesday, January 19, 2005

15 years of stagnation

The Toronto-Dominion Bank found that there have been 15 years of economic stagnation in Canada. They did not just imply a certain course of action, they flat out said it, "Income growth would have fared far better were it not for rising tax burdens, which went from trimming back incomes in the 1970s to giving them a brush-cut thereafter." I'm not sure what else to say about this, how can anyone defend our massive tax burden? Tax freedom day in late June/July in this country is ridiculous. TD economist also said, "Normally, a rise in the tax burden would not automatically be associated with reduced economic well-being if it were used to finance more current services or to invest in the future, but this is not the case here." Martin is not even planning for any tax cuts. Maybe we should spend less time trying to have a nationalized day care system and do something for the good of the country.

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