Tax cuts cost us in the long run

The level of taxation is always an issue at annual budget setting time, as well as in election campaigns.

Editor,

The level of taxation is always an issue at annual budget setting time, as well as in election campaigns.

A longer-term perspective on taxation levels in Canada was written a year ago in the UBC alumnae magazine (Trek) which reported research done by UBC public policy professor, Paul Kershaw.

He stated, that just ten years ago, taxes in Canada were $80 billion higher per year. “But, since 2000, we’ve prioritized tax cuts to pay ourselves first and foremost.”  The three major areas of cuts were in: individual income tax; down nearly $38 billion; sales tax slashed by nearly $19 billion; and corporate taxes dropped by $18 billion per year.

In B.C., Liberals, elected to government in 2001, have cut taxes as drastically as any other jurisdiction in Canada.

The facts cited above do much to explain the many obvious problems in our society: such as increasing child poverty, homelessness, high student debt, increasing use of food banks, lack of affordable child care, restricted education budgets, and high youth unemployment.

Lack of funding has resulted in cuts or delays in many other areas; such as rapid transit in cities, renewal of aged infrastructure, forest management, cultural and heritage programs, scientific research, national and provincial parks, to name a few.

Many of the consequences listed above actually create drags on the economy if not addressed. Social problems result in higher health, policing and corrections costs. Poor infrastructure results in slower transport and more accidents, for example.                                                                                   Not investing in environmental research and support reduces fisheries and forest productivity in the long run.

We have seen a strangling of many sectors of society, both provincially and nationally as a result of major tax cuts in recent years and we need to start getting back to a more balanced approach.

If we ignore, shortchange or postpone funding for social, economic and environmental problems today, the solutions become more expensive in the future.

Jeff Nicholson,

Revelstoke

 

 

Just Posted

Avalanche control scheduled today on Highway 1 east and west of Revelstoke

Avalanche control work is scheduled today for two different locations along Highway… Continue reading

Revy let’s talk: Christmas cheer, or not

It’s Christmas time in Revelstoke. It’s a time of celebration, lights are… Continue reading

Sagmoen mischief trial today

Trial starts at 9:30 a.m. in Vernon Law Courts

Snowfall warning issued for Highway 1 from east of Sicamous to Golden

Environment Canada says to expect 15-30 cm of snow by Thursday evening

Q and A with MLA Doug Clovechok for Columbia River Revelstoke

Columbia River Treaty, Three Valley Gap improvements, caribou, and invasive species were discussed

Cannabis gift ideas for this holiday season

Put the green in happy holidays, now that cannabis is legal in Canada

Similkameen gas station attendant has gun pulled on her

Keremeos gas station attendant tells story about man with gun coming to store

‘People talk about deep sadness:’ Scientists study climate change grief

Some call it environmental grief, some call it solastalgia — a word coined for a feeling of homesickness when home changes around you.

As protectors abandon Trump, investigation draws closer

Cohen was sentenced Wednesday to three years in prison for an array of crimes.

Senate delays start of sittings in new home, delaying start of broadcasts

The Senate and House of Commons are moving into temporary homes for the next decade as a result of long-planned and badly needed renovations to the Centre Block.

UK leader seeks EU lifeline after surviving confidence vote

EU leaders gather for a two-day summit, beginning Thursday, which will center on the Brexit negotiations.

Warrant issued for South Okanagan man facing manslaughter charges

Sylvain Modeste Demers is wanted on a warrant

Snowfall warning for Coquihalla, B.C. highways

It’s another wintry day for B.C. highways

French police try to catch attack suspect dead or alive

Local authorities increase death toll to three, including 13 wounded and five in serious condition

Most Read