Sunday, March 18, 2007

Watch your pockets!

We already know that when a politician promises not to raise taxes - it shouldn't be taken seriously. But what if a politician wants to introduce a new tax and promises to raise it over time? The proposal is supported by all three opposition parties, so it looks like this time we may not get away with just a minor increase in tax rates.

The "carbon fees", proposed by the Liberals are often viewed as a tax that will only apply to big businesses. Not many realize that higher production costs will be eventually passed on to the consumers. Few understand that making production more expensive will damage Canadian industries, leaving hundreds of thousands without jobs. And - that these "carbon fees" for businesses, once accepted by the public, could eventually be applied to gasoline, electricity and home heating oil as well...

Remember - the "gun registry" was supposed to pay for itself, its startup cost was set to just $2 million. We know what happened next. Kyoto is going cost us $100 billion just in the first four years. Ladies and gentlemen, watch your pockets!

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