Originally posted by Canmorite
Thanks. Those particular points are great. However, I watched the 8 min interview with him on CBC and was impressed, until he said he wanted to eliminate corporate income taxes because the US plans reduce their corporate tax, in order to increase re-investment. The money will be pushed to shareholders most likely, or saved. Which is great for me and the company I work for, but what about the social programs others depend on? Where will that additional money come from? What about the national debt?
Also, against a carbon tax because he said "show me a correlation between carbon tax and reduction of C02 emissions, I'll look at it, but I haven't seen anything so far." Nothing on reducing C02, the issue of it, etc. Just anti-tax. No one likes taxes and it's an easy position to take.
Also, not thrilled on Marijuana legalization. Probably a strong conservative, but I'm not sold.
So basically you want a politician that agrees with everything you agree with and disagrees with everything you disagree with. Unfortunately, you have to pick from a bunch of people who will differ from you in some regard. Just pick the one that's closest.
As for eliminating corporate tax - this is something that people don't understand very well, and it's not usually explained very well. The economy is of a certain size. The government needs to run services, so needs to extract money from the economic activities of its citizens in some capacity. Where that tax is extracted is a worthwhile discussion. If Peterson says, "I want to extract 18% of GDP from the economy in taxes" he can do it by putting it all on a consumption tax, or all on corporate taxes or whatever. It doesn't mean he thinks the overall taxes should be cut by the amount that corporations are currently taxed. He just thinks the tax burden should land in a different spot. The point is a good one: at the end of the day the people are the ones who are taxed, a corporate tax is just a vehicle to tax the underlying shareholders. You can tax those people with consumption taxes instead.
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