The stupidest move anyone could make. More people spending, most of them charging it. How do you think we all got in this mess?
RUEZ
CKA Uber
Posts: 15102
Posted: Wed Dec 10, 2008 11:05 pm
herbie herbie:
The stupidest move anyone could make. More people spending, most of them charging it. How do you think we all got in this mess?
Don't you know by now? Haven't you been paying attention? It's the sub-prime mortgage scheme that started this whole thing. Not people buying stuff with their credit cards.
ShepherdsDog
CKA Uber
Posts: 42160
Posted: Wed Dec 10, 2008 11:13 pm
According to some, the coming credit card crunch will make the sub prime fiasco pale in comparison.
mtbr
Posted: Wed Dec 10, 2008 11:32 pm
herbie herbie:
The stupidest move anyone could make. More people spending, most of them charging it. How do you think we all got in this mess?
you must be living in a different mess
Sapio
Forum Elite
Posts: 1331
Posted: Thu Dec 11, 2008 12:54 am
Why do you have GST or income tax at all?
Canadaka
Site Admin
Posts: 9895
Posted: Thu Dec 11, 2008 1:04 am
I am not in favour of cutting the GST, I rather see money going into education and infrastructure.
ziggy
Posted: Thu Dec 11, 2008 1:08 am
Canadaka Canadaka:
I am not in favour of cutting the GST, I rather see money going into education and infrastructure.
I'm not either as i put it on my invoices,7% would be nicer then 5 for sure.
It is a fair tax though,hitting all Canadians equally.
HyperionTheEvil
Forum Super Elite
Posts: 2218
Posted: Thu Dec 11, 2008 1:15 am
Canadaka Canadaka:
I am not in favour of cutting the GST, I rather see money going into education and infrastructure.
I'd like to see fuding increases for those too
Get rid of Indian affairs, the CBC and funding for the 'arts'.
QED
HyperionTheEvil
Forum Super Elite
Posts: 2218
Posted: Thu Dec 11, 2008 1:16 am
herbie herbie:
The stupidest move anyone could make. More people spending, most of them charging it. How do you think we all got in this mess?
And the smartest move is keeping our taxes amongst the highest in tthe western world?
There's a reason why the NDP is always an 'also-ran'
Thanos
CKA Uber
Posts: 33561
Posted: Thu Dec 11, 2008 2:35 am
If they want to give Canadian businesses a good boost to carry them through the recession they should do a major cut in payroll taxes and CPP/EI contributions instead. I'd sooner see this instead of another GST cut.
sandorski
CKA Uber
Posts: 11362
Posted: Thu Dec 11, 2008 2:37 am
The cuts to the GST was pointless Political Theatre to begin with, but changing the rate at this time is just bad timing IMO. Wait for the Recession to end and GDP Growth to return, raise it back up, Cut Income Taxes appropriately as needed based off Surplusses.
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