If You Were the Finance Minister

The provincial government is giving us the opportunity to balance its budget. This is normally the responsibility of the finance minister but now we can voice our opinions as well.
What a great idea. Unfortunately what I really want to see are the live results of everyone’s inputs because it’s not like they don’t have that data already. Maybe they’ll post it up later with the final numbers but I doubt it. Governments are not known to be transparent.

Even if you don’t submit your ideas you can learn how we’re being taxed, and where those tax dollars are being used on. I’m surprised how much of the pie health and education take up. Health supports the old, and education supports the young, no wonder the working age people are getting taxed so much. Perhaps we should look at alternatives to health and education in Canada. Right now it seems like the waiting list for just about anything is too long. Other developed nations like Switzerland for example, has a 2 tiered health care program so people can either wait for a long time to have an operation, or pay money for quicker treatment. I work at a post-secondary private school. Our students have higher rates of employment than traditional universities, despite students paying the same amount of tuition to graduate. More solutions like these will take the stress off our public system and boost the economy by creating supply where there is actually demand. But what’s good for the economy doesn’t necessarily benefit everyone. I doubt current health and education workers want to lose their jobs. I hope we can find a happy medium to balance the books. In the meantime, save, invest, and continue to take control of your own money.

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01/14/2012 9:28 am

Knowing where all of that tax money goes is so important. I live in the states and I wish more people realized how expensive all of these wars have become.

Liquid Independence
01/14/2012 10:42 am

For sure. I'm not a big fan of undeclared wars myself. US tax payers simply can't afford to continue to have troops in 130 different countries and trying to police the world by themselves. I hope whoever wins this year's presidential election will do something about overseas spending and the national debt.

01/15/2012 9:38 am

I agree that we are being taxed to the nines too. I'm a bit apprehensive about how the repayment of the HST thing is going to play out.

Health and education certainly take up a big piece of the budget pie.

Liquid Independence
01/15/2012 9:54 am

Yeah, the whole HST thing raises many questions. $1.6 Billion back to the feds.