Tuesday

Tax cuts designed to produce growth

What a concept, eh?

The Chinese government did away with all rural taxes last year. In 2006, they are doubling the threshold for income tax.

We may see some minor tax breaks here in Canada (maybe a per cent or two), but I would never expect to see such drastic changes.

Many governments interfere so much with tariffs and subsidies; I think the whole world would be better off if we had a free market economy with more private enterprise and less interference from government.

There are many people in the world who do need a hand up, but that's what it should be. A hand up, not a hand out. I think we do need social services, but these services need to be more about educating and training people. Too many people don't take any action and just sit around expecting money to flow in to their bank every month without doing anything to earn it.

I think governments focus should be on training (e.g., tax breaks for university and college). Let business be ruled by supply and demand and those that survive and prosper will benefit by the trained workforce. Those businesses that can't survive on their own will step aside and those workers can re-train and be more productive in another business that is thriving on its own.

So, I guess the question is, are there any enonomists out there who really understand the concept of supply and demand who could run in the next election?

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