New thoughts on the election

If I were the Liberals or the NDP, my economic plan would be to add the two points on the GST back, maybe another three to round it off, give one point to the cities to shut up Mayor Miller and set up a national infrastructure bank or fund similar to the one Hillary is proposing but one that involves standard banking practices and that eventually is privately owned and that relies on private financing and other unconventional methods of funding various infrastructure projects around the country through tolls and other user fees.
In the meantime, I would propose to flatten the tax rate, perhaps such as the Federation of Taxpayers was suggesting of 25% and 15%, or maybe even simply to one flat tax rate, and stop taxing investments, interest and savings as well as capital gains. Let’s see how that would be a great trade-off for Mr. Miller and the rest of them.
Bay Street will boom while the cities get lots of new money for various projects. But you have to agree to unconventional support and financing such as bond issues to pay for them. That would be something that the Liberals and New Democrats could run on if they were smart enough to do it. But I don’t think they are. Thank God!
If the Liberals proposed such a program, I would vote for them.
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The margins of luxury are getting harder to justify, especially for cars. With fuel and insurance costs the way they are, one day, everything will be standard. One day, we’ll be like the Germans. Everyone will drive a BMW.