Brexit is just the beginning. The EU is in the process of coming apart driven by an under reported banking crisis, sovereign debt and the incompetence of handling the refugee crisis. And the impact will be felt in the currency, stock and bond markets.
If we’re going to take on more debt even when times are good, there better be a good reason tied to making the economy more productive. Pet projects and special interests don’t cut it.
In 2008, California’s Corporate Ethics created and financed the plan to – in their own words – “land-lock the tar sands” so it would be forced to sell at a sharp discount. With the aid of Canadian groups like the Green Party, the BC NDP, Leadnow and Tides Canada – they’ve succeeded. Canadian oil sells for $12 while the US gets $56 per barrel costing our government billions.
Adrienne Clarkson’s $100,000 Expense Account Reminds Us
We pay taxes when we work. We pay taxes when we spend or invest the money left over. Of course, it’s the price we pay for “civilization.’ You know, things like the $5 million temporary ice rink at the Parliament Buildings or the $2.2 billion on the Phoenix Pay System that the Auditor General calls an unimaginable failure.
It doesn’t matter which political party you support. It doesn’t matter if you’re on the left or right. Higher interest rates are going to cost taxpayers, consumers and home owners.
The biggest obstacle to businesses surviving and thriving? Government. The combined tax and regulatory burden on small business is astounding.