Two per cent would get us out of debt

Art Seger’s letter on tax certainly would do the trick; but all hell would break loose.

Art Seger’s letter on tax certainly would do the trick; but all hell would break loose. How about two per cent on every dollar everyone takes in; with not one penny for expenses. No expenses would lower the cost of production.

Who would pay two per cent on any money received by anyone e.g. the boy that mows your lawn, the guy he buys his gas from, the auto manufacturer for the money he gets from the dealer, the dealer for what he sells the car for.

Totally inclusive, the bank president on his bonuses, politicians, realtors, welfare recipients. Even old age pensioners, at a high of $20,000 per year would only pay $400 per year; but no tax on their loaf of bread, their medication or anything. Tough, but in about one year Canada would be out of debt and one per cent would run the country well.

 

John A. Mc Donald

Duncan