Why I don't like the 2007 Federal Budget
I am not a big fan of the federal budget that Mr. Flaherty presented on Monday. It is not libertarian enough for my tastes. The massive increases in spending, even if most of them are transfers to the provinces, simply grow the influence "the state" has over the lives of individual Canadians. There was clearly no attempt made whatsoever to curtail spending in any federal department, or to withdraw funding from programs that clearly aren't working so the money could be used more effectively to reduce taxes.
And the family friendly budget? Come on - it will reduce my tax bill by a whopping $620 a year. Considering my tax bill is many times larger than that, I would hope for something in the thousands of dollars per year if the government is serious about helping out families...
As I have stated previously, the true fiscal imbalance in this country was exactly what people claimed it was: The federal government was collecting too much revenue and the provinces were expected to provide services. The correct solution to this was for the federal government to reduce taxes drastically, cut transfers to the provinces and let the provincial governments increase taxes to provide the revenue. Alternatively, provinces could choose to reduce spending and not raise taxes.
The vast revenue machine that is the Canadian federal government is the single largest problem in this country. Because as a certain US president said - "Government is not the solution to our problems. Government is the problem."
What we need is more individual responsibility and less socialist intervention in the lives of individuals and business people.
Can someone please send Mr. Harper and Mr. Flaherty copies of the works of Hayek and von Mises?
And the family friendly budget? Come on - it will reduce my tax bill by a whopping $620 a year. Considering my tax bill is many times larger than that, I would hope for something in the thousands of dollars per year if the government is serious about helping out families...
As I have stated previously, the true fiscal imbalance in this country was exactly what people claimed it was: The federal government was collecting too much revenue and the provinces were expected to provide services. The correct solution to this was for the federal government to reduce taxes drastically, cut transfers to the provinces and let the provincial governments increase taxes to provide the revenue. Alternatively, provinces could choose to reduce spending and not raise taxes.
The vast revenue machine that is the Canadian federal government is the single largest problem in this country. Because as a certain US president said - "Government is not the solution to our problems. Government is the problem."
What we need is more individual responsibility and less socialist intervention in the lives of individuals and business people.
Can someone please send Mr. Harper and Mr. Flaherty copies of the works of Hayek and von Mises?
Labels: budget, fiscal imbalance, flaherty, harper, taxes
posted by Technical Bard | 23:19
1 Comments:
It's hard to disagree with you, but I'm pretty sure Mr. Flaherty is aware of Austrian economics. He was Mike Harris' finance minister after all. This budget is pure politics.
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