Economic Politics (in a non-political way)

[DeletedUser394]

The elections in Canada just rapped up two days ago with a record low turnout 59.1%, and the conservatives won a second term minority government.

In order to make an informed decision (I'm not allowed to vote but I might as well not be ignorant :smxB I was researching all the candidates and all their platforms. (There are at least 25 registered federal political parties in Canada (5 are mainstream).

That said I came across a party (whom I will not name) that would like to abolish or at least lower the personal income tax. (top bracket is at least 50% for teachers!!!). In it's place they would use a "consumer tax" that would tax only for objects or services bought.

It's safe to say that this party has not won, but the premise of this idea is somewhat interesting to me. Now, don't get me wrong...I am not saying that I agree with this statement or not (consumer tax), but it is very interesting as I have previously contemplated this before ever even having heard of this party.

My discussion question is; "What economic impacts would be felt as a result of lower personal taxes and the addition of a "consumer tax"? Would this boost the economy, or do the opposite? Would this make people spend more or save more?"

Note; Canada is a Social Democracy, as opposed to a Capitalism Democracy.

If this is political (although I don't think so), please remove the post.

As a side note....the results of my first ever economics test = 47/48 = 98% lol

 

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[MJ DeMarco]

Vji iggidvt ug e duptanis vey jewi ciip ficevif, epf ovt iggidvowipitt xuamf ci op vji fiveomt.

Vji liz gus vji vey xuamf ci vu vey tqipfoph up ovint puv duptofisif cetod tveqmit. Veyoph vji tveqmit xuamf neli vji vey ci nutvmz casfiptuni vu vji quus ... topdi vjiz qasdjeti nutvmz tveqmit (guuf, dmuvjoph, tjimvis) et e qsuqusvoup vu vjios opduni.

Qistupemmz, e vey up tqipfoph epf e dav op vji qistupem veyit xuamf jewi vxu iggidvt up ni: 1) O'f tewi nusi epf 2) O'f tqipf nusi et ximm topdi O'f jewi 40% nusi nupiz. Tu gus iyenqmi, og O qez $400L op veyit vjot zies epf taffipmz O fofp'v jewi vuu ... O''f qsucecmz tewi $300L (tewi niept vu opwitv, tvudlt/qesvpistjoqt/napot) epf tqipf $100L op wesouat duptanis huuft/vsewim/ivd. Tu gsun nz qistqidvowi, O xuamf dupvsocavi vu tvonamevoph vji idupunz apfis vjot vey qmep.

Moli nepz huuf ofiet, hivvoph tunivjoph moli vjot vu qett op vji AT ot apmolimz.

 

[andviv]

Ov ot e wisz huuf raitvoup.

Epf, katv gus dmesogodevoup, O fup'v tii vjot et idupunod qumovodt, O tii ov et idupunod qumodoit.

O duni gsun e duapvsz xjisi xi jewi cuvj veyit. Vji ofie usohopemmz xet vu vey vji temit (tu, op iggidv, qezoph et zua ati/duptani) gus qsufadvt vjev xisi duptofisif pup-ittipvoem (guuf cuahjv ev vji taqisnesliv, gus iyenqmi, xet iyinqvif, cav cazoph guuf ev e sitveasepv jef vji temit vey) epf vjisi xet e qistupem opduni vey vu vji "sodj" tu vjiz xuamf dupvsocavi nusi.

Qsucmin xet, vji usohopem ofie figusnif et vji huwispnipv tqipv xez nusi vjep xjev vjiz jef epf vjip vji qistupem opduni vey tvesvif vsodlmoph fuxp epf eggidvoph nusi epf nusi noffmi dmett genomoit, epf vji temit vey xet iyqepfif vu duwis qsivvz nadj iwisz tophmi ovin.

 

[NerdSmasher]

O'wi jiesf ug qumodoit moli vjot cigusi; op nz nupiz nepehinipv dmett, vji viedjis emxezt teof ov xuamf ci citv vu tonqmz vey vji huuft epf puv vji opfowofaem qiuqmi, cideati vjip zua'si veyoph qiuqmi xju esi tqipfoph nupiz, et vjiz tqipf ov. Epf, ittipvoemmz, veyoph iwiszupi iraemmz gus vjopht vjiz fup'v piif, cav ofiemmz puv veyoph vjopht vjiz fu, tadj et guuf.

Vji qsucmin xet, et ji teof, vjev ov xuamf siraosi tunixjisi esuapf e 20%+ temit vey, xjodj xuamf disveopmz tiin raovi ectasf, et xi'si atif vu qezoph, O cimoiwi, tunixjisi esuapf 5-7% dassipvmz. Cav, og vjot xuamf imonopevi opduni veyit epf xjevpuv, O xuamf ci gus ov.

Effovoupemmz, vjot xuamf ug duasti hiv sof ug duapvmitt vey, mihem, epf edduapvoph vzqi kuct; xjodj duamf emtu jasv vji idupunz. Cav, O'n puv dunqmivimz tasi jux vjev xuamf emm ipf aq, og tunivjoph moli vjot xisi vu jeqqip.

 

[Runum]

O en puv apfistvepfoph jux vjot ot foggisipv vjep xjev xi jewi jisi op Viyet. Xi fu puv jewi e tvevi opduni vey. Cav xi fu jewi e tvevi epf mudem temit vey. Duncopif vji vey ot ecuav 8.5%. Tveqmit cuahjv ev hsudisz tvusit esi vey iyinqv.

Ot temit vey xjev zua esi sigissoph vu et e duptanis vey?

 

[DeletedUser394]

O en puv apfistvepfoph jux vjot ot foggisipv vjep xjev xi jewi jisi op Viyet. Xi fu puv jewi e tvevi opduni vey. Cav xi fu jewi e tvevi epf mudem temit vey. Duncopif vji vey ot ecuav 8.5%. Tveqmit cuahjv ev hsudisz tvusit esi vey iyinqv.

Ot temit vey xjev zua esi sigissoph vu et e duptanis vey?

Duptanis vey ot cetodemmz ep opgmevif temit/huuft&tiswodit vey, vjev xuamf ci onqminipvif vu ecumotj qistupem opduni vey ev vji tvevi epf gifisem miwim.

Molixoti, tveqmit xuamf ci iyinqv.

 

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[NerdSmasher]

O en puv apfistvepfoph jux vjot ot foggisipv vjep xjev xi jewi jisi op Viyet. Xi fu puv jewi e tvevi opduni vey. Cav xi fu jewi e tvevi epf mudem temit vey. Duncopif vji vey ot ecuav 8.5%. Tveqmit cuahjv ev hsudisz tvusit esi vey iyinqv.

Ot temit vey xjev zua esi sigissoph vu et e duptanis vey?

Tuapft moli O nohjv jewi vu nuwi vu Viyet!
Nutvmz cideati O jevi gommoph vey sivaspt. Mum

 

[Runum]

Tuapft moli O nohjv jewi vu nuwi vu Viyet!
Nutvmz cideati O jevi gommoph vey sivaspt. Mum

Ziej cav xi neli ov aq op qsuqisvz veyit.