I'm opening this blog on the very day that that we find out that there will be no electoral reform as promised.
Headline Today: "Trudeau government abandons promise of electoral reform." CBC News, Feb 1, 2017.
As tax paying voters, we are used to these reversals. That's why we get fed up and occasionally vote the incumbents out when we hear the new team promising reform.
Headline January 2016: "How the Liberal ‘revenue neutral’ tax plan could cost billions and push top talent south"
"That’s because delivering on the promise (of tax reform), intended to be “revenue neutral” is proving much more costly than envisioned when Justin Trudeau was elected prime minister on Oct. 19, 2015." Financial Post, Jan 15, 2016
Sometime before my original 2012 post (see the Thesis Page), I came across Edgar Feige’s Automated Payments Transaction APT tax model (see the Feige Page) which demonstrated that a potential revenue-neutral flat tax of 0.6% on financial transactions (0.3% on each side of the transaction) in the U.S. based on late 1990’s economic data, would eliminate all personal and corporate income, sales, excise, capital gains, import and export duties, gift and estate taxes. It would eliminate the U.S. Internal Revenue department and there would be no more annual tax filings.
OBJECTIVE: This blog and website is an attempt to gather the necessary Canadian data to plug into Edgar Feige’s model and see what the APT tax rate might be in Canada. After we find out, the next steps would be toward changing the Canadian Tax System into an automated micro-fee process based on the model; a task that is going to need a lot more expertise than I can provide, but perhaps some of you will have the ability to move this project along to completion. If you are already out there working on this and are well ahead of my attempt, please let me know, and I will join your effort.
As you may know, getting data from Canadian sources is very difficult. I will be making additions to the Data Page as I uncover more, but no doubt, I will need the help of insiders. Please take a look and if you know how to get, or can get the still missing data, please contribute either by email or use the blog comments to post and I will add your contribution to the file.
This is not a political blog. I have opened the comments but I am not looking for partisan argument unless of course you can show that Feige's model will not work in Canada. I'm looking for people who want to really reform our tax collection system.
I will moderate this blog and will not publish any spam or off topic comments. I should be able to approve your comments or respond to email daily unless I am travelling and out of reach of mobile or wifi.
Thanks in advance, Brian Ripley.