“Whenever you find yourself on the side of the majority, it is time to reform (or pause and reflect).”
― Mark Twain
“This is social infrastructure that will drive jobs and growth. This is feminist economic policy. This is smart economic policy,” Freeland said.
I know observations and facts don't mix too well with religion, but I’ll point this out anyways.
I don't have a large database of taxes collected (revenues) relative to income in Canada, but the movement of money is universal across boards. Expectations of social taxation to spur economic growth are usually met with surprise and disdain when future revenues collected fail to reach lofty expectations. These loft expectations are sold to those ignorant of history and the capital formation process. Money adapts, reacts, and moves away from confiscation without adequate reward.
The mobility of money is the reason why total revenues as a percentage of GDP (income) is range bound between 13-20%. After 20%, money starts to disappear and have a negative effect on future capital formation and economic growth. This is why nations that attempt to tax their weight to prosperity tend to fail. Students of history know how they fail.
S&P 500 (LCSCAI ), Gold (Gold) & Annual Total Revenus As % GDP (TRGDPR)
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Market-driven money flow, trend, and intermarket analysis is provided by an Access Key.