How do you think the prime minister
feels when the premier of ontario
raises taxes, when he's trying
to lower them? and will the prime
minister take action against this
premier who is under-minding the
authority of the federal govt. with
127,00 people unemployed in one day
in ontario you'd think the
last thing they would do is look
for way's to raise taxes...
its not difficult to figure out how
to turn things around, but as usual
our politicians panic and come up
with stupid idea's on how to
save the economy. so here's my
idea; freeze bank interest rates at
.05% for 15 years on everything:
lines of credit, car loans,
mortgages, and all other loan types
(this means on everything.).next
reduce car ins to no higher than
800$ per person. cut income tax by
35 to 40 %,change the gst and pst
to a gas tax rebate of $450. given
to all ins motorist. so if you own
say 9 cars you get 450. if you own
one car you get 450. this is for
ten years. each year they reduce
this amount by $50. dollars till
its gone.return the .07 cent tax on
everything. in this way the economy
will become stronger. and will give
both the gov't of canada and
the big three ten years to come up
with lasting alternatives to keep
things going. desperate times
require desperate measures. so far
all they have done is try to get
people motivated to buy cars and
that's not good enough now is
it... and if i run for prime
minister, all the other politicians
would be looking for their copy of
the yellow pages to protect their
butt from my boot and it would
serve them right for dusting off
chairs with their unused
brains..perhaps we are in this mess
because they have been sitting on
em for too long. what do you think?
and do you think we should lynch
the premier of ontario?????
sorry type o 5% not ,05%.
driving some of those ins companys
out of business is a good idea glad
you thought of it.after all they
are such honest companies who pay
out all those claims in such a
timely fashion.... and as far as
projected deficit, lets face facts
we always had it even when mr
martin waved his magic wand and
poof it was gone overnight, right
guess again... as for lynching well
ya that was rant to add tone to
message,now; for over 40 years the
gov't has had this deficit.
and has done little to change it.
the economy is in a very bad way.
why? people do not have extra money
to spend why? is it the taxes being
too high, car ins too high, bank
interest rates too high? certainly
looks that way. the best way to get
the economy moving is people
spending money, you can not spend
what you do not have...raising
taxes is not the answer.so i
offered a few idea's, you were
quick to shoot them down but you
did not offer any alternatives so
your dumber then you think i am.
putting money back in the workers
pocket would help pay off his
mortguage, buy a car , and other
things besides.you must look for
ways to put the money back into the
workers pocket and not just keep
raising taxes all the time and
moving the numbers from one page to
another does nothing. ok so
here's a new idea; place all
politians on un-empolyment for the
first year-term of office and
freeze all of their assets for that
year so all they get is the 38
weeks of un-employment for the year
no excutive jets or limo's
they just drive their own cars to
work.and no expense accounts. look
at it this way they will keep
raising taxes it will not change
till some-one steps up and says
enough is enough how many of us
just shrug our shoulders and say
eh; what are you going to do. maybe
i'm stepping up, maybe
i'm just pointing out that its
time to step up. they don't
know unless you tell them in ways
they understand...now; maybe you
will understand this more clearly.
rant is good to clean the soul.
Wow, you've spent some time on this.
Umm, no, we should not lynch the Premier of Ontario. Nor can the Federal government act in any way against him, since the provincial government has the sole constitutional power to act in their sphere of interest.
Now, on to the rest of your 'ideas'.
Your first idea is to lower interest rates to zero (in effect) for 15 yrs. If you had any knowledge of economics (or even just an awareness of the way the world works), you'd understand that the effect of that would be to drive investment from the country totally. Why should I, as an investor,
loan money at zero interest when I could get a much higher rate of return anywhere else in the world? The answer is I wouldn't. So your 'plan' would result in the country having no investment, no new jobs, for 15 yrs. Yeah,
good idea.
In addition, your plan would decimate the incomes of elderly Canadians who rely on their RRSPs to see them through their retirement years. That includes
Canada Pension and other union and company pension plans as well, all of whom rely at least partially on interest income directly or indirectly.
Car insurance?
Car insurance, like all insurance, is based on the cost of claims. Whether private or public insurance, the principal is the same. So if we lock rates at a certain level, we ensure that companies will lose money, or they have to limit claims in some way. Do the first and you will instantly drive insurance companies out of business. Do the second, and it's the motorists who pay. Would you like to have your $20,000
car wrecked by someone else and only receive $10,000 insurance?
Frankly, why you'd even include
car insurance in this rant is beyond me.
Cut income tax by 30-40%. Oh and somehow turn the gst and pst into a rebate? GREAT idea. The province of Ontario is projecting a massive deficit, as is the federal government. Other provinces less so. How do you plan on paying for all this? Remember, you froze interest rates, so nobody anywhere will be loaning the government the money. A government has only two options to pay for it's services. It can tax, or it can borrow. Since you have eliminated borrowing as an option, dropping taxes as well means the government will be bankrupt within hours of these laws taking effect. Literally hours, since the
banks would immediately close any lines of credit or loan facilities (they don't work for nothing, nor should they).
As I said, you've spent some time thinking on this, but you need to spend a LOT more time in learning about basic economics. Grade school economics.
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