Estonia has a way Canada can implement better taxation policies to improve the economy and productivity

financialpost.com:

Despite an outlier report released by the International Monetary Fund earlier this month that suggested Canada will be a leader in economic growth next year — which had many Liberal MPs crowing that their “economic plans are working” — the overwhelming view of most suggests otherwise, especially when it comes to productivity.

Our federal government doesn’t want to reduce its spending and interest costs on the country’s debt are continuing to rise, so it has to look for ways to finance such spending. In plain English, if spending doesn’t materially decrease, then new sources of tax revenues need to arise.

That’s why it’s not surprising, although it is disturbing, that Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland have been hanging out with so-called think-tanks that promote a home equity tax to apparently solve housing affordability issues for youth. The idea is simple nonsense and has many problems, such as attacking seniors who may be house rich, but also cash poor.

In the past nine years since the Liberal government came to power, they have introduced a bevy of taxes to finance their out-of-control spending. Examples include the four per cent increased tax on the so-called wealthy in 2016; the revised “tax on split income” regime in 2018 that had — and continues to have — small-business owners square in its sights; the poorly thought-out Underused Housing Tax, which is estimated to raise paltry amounts of tax; a new luxury tax applied against the sale of certain automobiles, aircraft and boats (also estimated to raise a paltry amount of tax); adjustments to the Alternative Minimum Tax, which will, even after some recent amendments, greatly impact charitable donations); and, of course, the