The Canadian Tax Debate (Follow Up)
Day 483, 01:15
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Published in Canada 
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by
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by SensibleVoices
(PS - This article would not make any sense unless you read the previous one. Please read it here and comment.)
My recent article stirred up a healthy debate about taxes in eCanada. Citizens came forward with differing views both for and against the changes that were proposed.
I sincerely thank all those who participated actively in the debate. It was a learning experience which lead to a better understanding of the issue. This kind of discussion between citizens is highly encouraged, it gives our government officials (who are pretty aloof at times) a feel of what the people are talking about.
In this article, I've summarized all the discussions we had over the previous article. These discussions were held in the comments, the eCanada forums and IRC.
I have decided to list the pros and cons of the CBTS based on the dialog we had.
Pros
-The common man gets more of his paycheck. This will boost consumerism which is good for the economy.
- A richer person gets taxed more, since he/she buys more and higher Q products. This is the closest thing we can have to a Progressive Income Tax in the present in-game mechanics.
- Favors the new/poor players by taxing them less and allowing them to progress quickly in the game. This may even help retain new players who usually leave in a few days due to the slow pace of things.
Cons
- The enormity of our current budget. It requires a lot of money to run the CAF and buy Defense Systems and Hospitals. This money has to be derived from income taxes as they are a more stable source of revenue to the government.(As pointed out by Derakor, Rearden and Yonsil)
- Since a majority of taxes would be Sales Taxes, this may lead to the emergence of a black markets, where trading is done off the government radar, through donations, hence escaping taxes.
- “... problem with only VAT tax is the disincentive to consume at higher levels. There needs to be an incentive to get up to the higher echelons.”, James Haskanyne (couldn't phrase it better than him). CBTS is unfair towards the rich guys who worked very hard to make their money and reach where they are.
Also pointed out in the article was the unevenness of Income Taxes in different kinds of companies. It should be noted that the Minister of Finance, Alexander Rearden participated in this discussion and failed to give a clear reason as to why the taxes are uneven.
I urge my fellow Canadians to actively participate in this debate and others on the forums. Your comments and input could lead to huge changes in how our country runs. You do not have to be in politics to make a difference. You can start right here.
Thanks for reading and supporting me with your generous comments.
I owe it all to you.
Make the Right Choice!
The Sensible Voice
My recent article stirred up a healthy debate about taxes in eCanada. Citizens came forward with differing views both for and against the changes that were proposed.
I sincerely thank all those who participated actively in the debate. It was a learning experience which lead to a better understanding of the issue. This kind of discussion between citizens is highly encouraged, it gives our government officials (who are pretty aloof at times) a feel of what the people are talking about.
In this article, I've summarized all the discussions we had over the previous article. These discussions were held in the comments, the eCanada forums and IRC.
I have decided to list the pros and cons of the CBTS based on the dialog we had.
Pros
-The common man gets more of his paycheck. This will boost consumerism which is good for the economy.
- A richer person gets taxed more, since he/she buys more and higher Q products. This is the closest thing we can have to a Progressive Income Tax in the present in-game mechanics.
- Favors the new/poor players by taxing them less and allowing them to progress quickly in the game. This may even help retain new players who usually leave in a few days due to the slow pace of things.
Cons
- The enormity of our current budget. It requires a lot of money to run the CAF and buy Defense Systems and Hospitals. This money has to be derived from income taxes as they are a more stable source of revenue to the government.(As pointed out by Derakor, Rearden and Yonsil)
- Since a majority of taxes would be Sales Taxes, this may lead to the emergence of a black markets, where trading is done off the government radar, through donations, hence escaping taxes.
- “... problem with only VAT tax is the disincentive to consume at higher levels. There needs to be an incentive to get up to the higher echelons.”, James Haskanyne (couldn't phrase it better than him). CBTS is unfair towards the rich guys who worked very hard to make their money and reach where they are.
Also pointed out in the article was the unevenness of Income Taxes in different kinds of companies. It should be noted that the Minister of Finance, Alexander Rearden participated in this discussion and failed to give a clear reason as to why the taxes are uneven.
I urge my fellow Canadians to actively participate in this debate and others on the forums. Your comments and input could lead to huge changes in how our country runs. You do not have to be in politics to make a difference. You can start right here.
Thanks for reading and supporting me with your generous comments.
I owe it all to you.
Make the Right Choice!
The Sensible Voice
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Comments
voted
Good presentation of points, I look forward to following opposition to both the pro's and con's of the argument.
Great journalism. Voted for both and subscribed.
Um what are you talking about I didn't explain why taxes are different for different industries.
I explained why I would like the taxes for each individual that way, to achieve certain goals in those industries.
So this is BAD research, I made about 20 posts in the 7 page thread, so a little over 1/7 posts debating the taxes was from me. Most of those 20 were addressing the reasoning by behind each tax change.
Furthermore, this article doesn't state that we enjoy some of the cheapest goods IN THE WORLD
we also have some of the lowest import taxes IN THE WORLD, the only nation with lower is the United Stats and they have an economy 4 times ours in size and thus the capacity to absorb the huge imports without making it impossible for a company to run.
Our income and VAT taxes, are relatively average compared to global standards. I think this is more than a fair trade between keeping goods cheap, companies running, the government being able to offer services to its citizens.
I really can't find such a discussion (7 pages) in the Forums, maybe it's in the congressional discussion area and I don't have access to it.
A link would be appreciated.
I appreciate the shift towards lower Import Tarrifs, Mr. Rearden.
@Alex, this article is just a follow up of a previous article of mine. The previous article just talks about moving towards a consumption based taxing system.
In a future article I may discuss about this, when I have a better understanding of the subject.
My apologies, I overreacted.
Yes the discussion is in congress, I thought you were a congressmen which is why I was thought this was an attack on me.
lol... I'm more popular than some congressmen I guess.
Something needs to be done about more transperancy in congress.
No hard feelings Alex...
Why did you send me a link to this ?
I don't care about your country.
BTW, the only solution for Canada is a merge with France, because alone, well, you suxxe hard.
I agree on this article
Citizen should be able to read (and only to read) the congress discussions unless they are extremely sensitive which could be under their own topic. It would be interesting to read what congressmen are saying and thinking and how decisions advance.
btw, House prices are ridiculous after import tax was raised.