Taxation levels are very complicated for Canadian citizens. I believe that Canada will economically break free when taxation levels become less onerous.
Government regulation hits our pocketbooks as surely as taxes do, but there is little information available about its cost. At a time when deficit spending is out of favour, and there is little appetite for tax increases, this lack of accountability makes regulation a tempting way for governments to achieve their goals without increasing their spending. Between 1975 and 1999, over 117,000 new federal and provincial regulations were enacted, an average of 4,700 every year. Over this twenty-four year period, federal and provincial governments have published over 505,000 pages of regulations contained in volumes that measure 10 stories when stacked.
The cost of complying with government regulation totaled an estimated $103 billion in 1997. The cost of regulatory compliance is borne largely by consumers since business pass on much of the cost of regulatory compliance as higher prices for goods and services. In 1997, regulatory compliance cost individual Canadians approximately $13,700 per family of four. The embedded cost of regulatory compliance exceeds spending on every item except shelter in Canadian households' after tax budgets.
One of the consequences of regulation not captured by measuring its direct cost (administration and compliance) is the severe limits it can impose on people's freedom to make their own choices based on their individual circumstances and tolerance for risk. Government regulation also dampens innovation, delays development of products, stifles entrepreneurship, restricts competition, and slows growth of productivity.
For example, today, taxes are im...
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...otle’s economic theory suggests that individuals’ rights and freedoms should take priority over the state’s needs in all but a few situations. This is known as the individualism notion. He argued that an individual’s property should have priority over state ownership for the economic well-being of the state. Supporters contend that an individual should have freedom over economic and political endeavours.
In conclusion, I am a proponent of Aristotle’s economic theory because I believe in individualism. I believe that Canada will break free economically if taxation levels were to become less onerous. In Canada, our systems are continuously being eroded. Canada is one of the most over-regulated and over-governed nations on the face of the earth. The amount of regulations in Canada is huge. When people are regulated to death, they cannot be regarded as a free people.
Tentative Thesis: I plan to argue that the transition from the Keynesian based unemployment insurance to the neoliberal employment insurance has had a negative impact on workers in Canada.
...ther through income tax or GST, as they are all ultimate benefactors of socially optimal policy. Thus, the tax would be reinvested in benefiting Canadians.
Justification for intervention for economic regulatory efforts arises out of alleged inability of the marketplace to deal with particular structural problems. Of course, details of any program often reflect political force, not reasoned argument. Yet thoughtful justification is still needed when programs are evaluated.[1]
...n of their cabinet, while others may choose to create a new political path without consulting the views of their party. Mellon thinks that the Canadian government is under dictatorial scrutiny, whereas Barker contradicts this belief. The idea of a prime-ministerial government is certainly an over exaggeration of the current state of Canada. There are too many outside and inside forces that can control the powers the Prime Minister of Canada. Furthermore, there are several outside sources that indicate a good government in Canada. The United Nations annually places Canada at the top, or near the top of the list of the world’s best countries in which to live. These outcomes are not consistent with the idea of a one ruler power. Canada is not ruled by one person’s ideas, suggestions, and decisions, but by government approved and provincially manipulated decisions.
Canada and the United States are the largest trade partners in the world. It is the result of the geographical position of two countries and the free trade between two countries. It should be a great thing for the economies of both countries, but since the North American Free Trade Agreement was signed, American businesses almost took over the Canadian economy. When the American companies started to make more business in Canada, it brought more jobs and money to the country in the short-term. But as a long-term effect Canadians became even more depended on the U.S. as the American companies started dominating Canadian companies in Canada. Also, today Canadian manufacturers have little protection from the government when ch...
Newman, Garfield et al. Canada A Nation Unfolding. Toronto: Mc Graw – Hill Ryerson Limited, 2000.
...ne; it is welded into my personality that I need to have some power and authority in order to be content. I would, therefore, resent being regarded as economically equal to others in all situations, because that would mean that regardless of how hard I worked and how successful I became at my job, I would be, in the eyes of the government, equal to all others, even those who worked at the least of their capacities and showed no resolve whatsoever to make something greater of themselves. Therefore, after studying what it means to live in a command economy, I have decided that life spent as a citizen in a centrally planned economy would be predominantly disadvantageous, with the sparse sprinkling of advantages few and distant and clouded from being fully beneficial by the supremacy of a government that exercises control even into the personal lives of each individual.
People outside of Canada are baffled at how Canada ended up in such a state of affairs. Canada as a country has a lot going for it. A high GNP, and high per capita income in international terms. It is ranked at the top of the...
Canada’s economic troubles is not unique. Although, Canada is enjoying a period of relative economic growth, and the level of unemployment is at its lowest level since April 1976 at 6.8% in January 2001 (Tam). However, these 6.8% still mean 1.1 million people jobless. McQuaig argues that combating the unemployment should be the number one national economic policy, at times at the expense of the corporate and governmental financial institutions and currency speculators. The fiscal conservatism of Bank of Canada under Gordon Thiessen, the bank’s governor, and anti-inflationism which have become, it seems, the idée fixe for most state financiers became a source of tremendous political apathy, hindering the capacity of elected officials to carry through on their more progressive and egalitarian campaign promises.
Stevenson, Garth. "Canadian Federalism: The Myth of the Status Quo." Reinventing Canada: Politics of the 21st Century. Ed. M. Janine Brodie and Linda Trimble. Toronto: Prentice Hall, 2003. 204-14. Print.
Mark A.R. Kleiman. “How To Regulate and How Not to.” Web log post. Room for Debate. New York Times, 10 Dec.2009. Web 22 Oct.2013.
Each policy has its own importance and individual purpose but we see Regulatory as the most important. Regulatory effects next to every American and the goal of Regulatory policies is to protect Americans from next to everything. Unlike costly Redistributive policies, or small scale Distributive policies Regulatory policies stand out as the ones that do the most good for the largest amount of Americans.
Lipsey, Richard G.. "Will there be a Canadian-American Free Trade Association? ." The World Economy 9 (2008): 218-238.
...nguage, and religion all make up Canada’s human face, but also front how the cultural accommodation will continue with the risk of losing Canada’s main traditions. Faultlines again come into perspective within demographic issues, especially with newcomers/old-timers, aboriginal population expansions, and French/English language. The core/periphery model is also represented. The end of the chapter places a focus on Canada’s economic face as well, dealing with stresses inside the global economy as well as its strong dependency on the U.S markets (Bone, 169) especially with the stimulating global recession. Canada’s economic structure leans on the relative share of activity in the primary (natural resource extraction), secondary (raw material assembly), tertiary (sale/exchange of goods and services), and quaternary (decision-making) sectors of the economy (Bone, 166).
O DODSON, Edward. “Canada: an idea that must survive”. Online at: http://www.uni.ca/livreouvert/dodson_e.html , consulted on February 9, 2004.