My own fault. I knew that it would be drivel and I read it anyway.

1) All taxes are taxes on the people, regardless of where you put the tax. There is only one place to pay in the end. It all gets passed to us.

2) If companies werent allowed to outsource then there would be more jobs in BC but a loptop would still cost $2000. It would benefit some at the expense of everyone. Not all that different from your spin on the banks is it

3) Quantitative easing doesnt really impact a bank. The spread stays the same. The largest impact in on those with consumer debt (almost everyone) and small business that have difficulty getting good terms on loans.

Great read... some rational reading for a change.

I think Donald Trump said it best recently... if he was president he would put a 25% tax on all Chinese imports. An equalizer tax for their currency manipulation... keep the American currency rules based and penalize those with an import tax that use a debased currency to subsidize their economic growth.

Quantitative easing is essentially a tax on people that save money... by devaluing the dollar through printing more quantity of it the inflated volume of currency makes the real value of the saving depreciate over time in actual purchasing power. In its current form using the 'free money' to buy up financial instruments it is essentially a bail out to the financial sector (private US Fed bailing out partner banks with the public's currency)... if it was used to bridge government budget deficits it could be argued that it benefits the general public, but in its current form it is essentially a financial sector bailout at the expense of anyone with savings accounts.

Born in BC... if they devalue the currency 20% then wouldn't your real debt depreciate by that much as well... isn't that the point of quantitative easing? The risk is too much money in the economy causing higher inflation to maintain a real return on investment after the debasing of currency values is factored in.

Born in BC is wrong. There is not "one taxpayer". The taxes we cut for corporations flows largely to foreign companies which take the money and run.
Remember tariffs? Yes, they worked and jobs were created in Canada...good, well-paid manufacturing jobs.
A $2000 laptop computer? Maybe that would be a fair price considering the environmental damage of manufacturing these things from toxic materials, then casually discarding them when a new model comes along.
Globalisation is collapsing as nations (now called "economies") fight a currency war with the US devaluing the Yankee buck.

Born in BC's point number one is totally correct. ALL taxes are eventually borne by the individual citizen/consumer. Taxing Banks, who can easily create the means of payment with the push of a button on their computer's keyboard, will be no more of a solution than taxing Corporations. In each case the cost of the tax levied will only be recovered from the public in higher prices for the 'product' they're offering.

His point number two on outsourcing is correct as far as it goes. Which is, unfortunately, not far enough.

Outsourcing to sweat-shop countries has the same financial effect as increasing productivity through displacing labour with technology in this or any other country. The "costs of production" are not distributed as 'incomes' to anyone in the SAME cycle of production that sees the finished product come onto the market.

The only difference being that with technological advancement those "costs" may have been, at some time in the PAST, distributed as 'incomes' here, whereas with outsourcing they never were.

Regardless, both are ALLOCATED charges coming forward into prices at the point of final retail for which no 'money' exists in the hands of the general public to meet. Unless, of course, we do as we are now doing, and run up further debt in some way or another to meet those prices.

We do this at present by having the Government run a deficit as it tries to stimulus spend new money into the economy.

If this doesn't induce inflation now, it is certain to later on, since this new money still enters the economy as debt which will have to be repaid in future, and can only be done so at the expense of further debt then. The idea that any economy can "grow" its way out of this, (by "capturing export markets"), is ludicrous.

The solution, the ONLY solution that will enable us to preserve what's still left of our fast eroding "Freedoms", is to properly relate TOTAL PRODUCTION to TOTAL CONSUMPTION in the economy as a whole over each and every SAME fiscal period, and relate that to 'money' flowing into the hands of the general public.

We can do this easily through a change to the way retail prices of goods and services are currently fixed and paid for. We can do it WITHOUT ANY INCREASE IN TAXATION, or the need to nationalise any industry, or penalise merchants or manufacturers or workers in any way whatsoever. What it would do is to allow CONSUMER DEMAND, where it genuinely exists and is capable of satiation, to be made fully EFFECTIVE DEMAND. At present, this cannot happen. Consumers cannot fully liquidate the TOTAL costs of production through retail prices, taken overall, from TOTAL incomes which are only a PART (or not at all, in the case of outsourcing), of those costs. Those incomes need to be augmented, and in a way which does not entail the creation of further costs by increasing debt.

This can be done by what amounts to ongoing "macro-economic" accounting adjustments carried out periodically by the Bank of Canada to properly relate the rate that prices are being generated with that by which incomes are in the economy as a whole.

Those "adjustments" can take the form of a "dividend" distributed to each of us as citizens ~ either directly, and/or through a compensation of retail prices, i.e., a "rebate" effectively lowering all goods and services prices ~ which could be thought of as a Sales Tax in reverse.

Lots of long winded hot air to simply tell us that we the taxpayers are being raped by our own governments and business.

Speaking of outsourcing BC's oilpatch in the north east is run mainly by Albertans, no surprise, who work in BC and take the money out of BC. They are not even forced to get BC licence plates. In Fort Nelson one can see trucks driving around with BC Hydro written on them but with Alberta plates. What is that all about?

Future historians will indeed be astonished at the fact that our current society is essentially dictated to by an economic system that rewards greed for the sake of greed, business practices that would have made the Borgias blush, wholesale environmental destruction in the name of profits, and the passive acquiessence to all of the above by the populace.

Born in BC comments finally hit the mark but I am sure the leftwinger's eyes will glaze over when you tell them Corporation's do not pay tax, people do. The answer is to simply pay the civil servants, teachers and prof's more money then I am sure everything will be fine.

"Fascism should more properly be called corporatism because it is the merger of state and corporate power." -- Benito Mussolini

The flesh and blood person has become a second class citizen to the corporation.

Swadeshi (Google it) may be the answer.

**Predominant opinions are generally the opinions of the generation that is vanishing** Benjamin Disraeli.

We B.C er's pay how much in carbon tax?
Only to fill our landfill with disposable crap from China. Just what is Canada going to do with those big companies that choose to "out-source" (rather than re-invest) the wealth that they have amassed from the land and labour of British Columbians and Canadians. We need labour work also! Not just 8 bucks an hour work either. Just who is going to buy all those 30 thousand cars, half a million dollar homes, in the North! You will have rebellion on your hands in the near future. England is doing it. France did. Maybe it's Canada's turn!

"Fascism should more properly be called corporatism because it is the merger of state and corporate power." -- Benito Mussolini

The flesh and blood person has become a second class citizen to the corporation.

Swadeshi (Google it) may be the answer.

Swadeshi, from what I've read from Google-ing it, seems to be a romantic attempt to turn back the clock to a time "when all craft was handicraft".

It may have held certain promise in a subjected India whose chief value to the British Empire was as a captive dumping ground for mass-produced British manufactures. Ones that couldn't all be sold in Britain at the cost of their making, let alone a profit.

Yet through some convoluted financial legerdemain strikingly similar to that of modern "globalism", could somehow be flogged off in India for a fraction of that cost, and still enable the manufacturer to show a profit.

Here, in our times, Swadeshi would likely only turn out to be another effort to confuse people by substituting "means" for "ends".

The desired "end" is to access goods and services flowing in ever more bountiful plenty from modern, technologically advanced industry.

Not turn the whole population back into "drudges" that have to labour hard and long, taking ten hours to turn out some product by primitive methods that a modern machine could make in ten seconds.

Just so we can say EVERYONE now has a "job". And we have some moral excuse to then give them an income.

Surely, we're beyond that? Or are we?

Fascism, Communism, and Swadeshi, all are based on the "workhouse" State ~ in descending order of "effciency".