Comment 42062

By A Smith (anonymous) | Posted June 16, 2010 at 17:48:50

Undustrial, government can't give anything to people that haven't first taken from someone else, they have no money of their own. That being the case, the best way to promote innovation and productivity is to allow people to earn and spend the money that they have legally earned. Prior to WWI, Canada didn't even have an income tax, yet Hamilton's economy was a magnet for capital and workers right across the continent.

Today, Hamilton relies on government funded industries, social services, health care and education. These sectors of the economy all lack competition from the private sector and all of them are backed from failure by the power of the taxman. In other words, Hamilton's economy has become weak, coddled and uncompetitive. There is simply no need to become productive, so we don't.

If Hamilton would foster competition, by cutting taxes, reducing it's reliance on subsidies, we would begin to build leading companies. It is a choice, either embrace competition and get stronger or embrace safety and stay reliant on handouts.

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