37
Poilievre calls two-month GST break inflationary, says Tories will vote against it
(ca.finance.yahoo.com)
this post was submitted on 28 Nov 2024
37 points (91.1% liked)
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You know what might actually be effective? Stop taxing cash-only transactions for a few months. Keep taxing anything using electronic payment or credit cards.
That way, you kickstart the local economies and people stop spending as much on foreign products.
A lot of small businesses don't take cash. It's actually more effort than it's worth. It's so easy these days to get a credit card payment setup, and you don't have to worry about people trying to rob you for the contents of the register anymore.
And in most rural areas of Canada, mail order is basically how you get most stuff anyway. The local economies are gone. It's too late. None of that is going to come back in a few months.
What they're doing here, specifically targeting things like payments at restaurants, is about the best bet possible at helping local economies. But two months is far too little to make a meaningful difference. Any benefit will be lost to the administrative costs of tracking all the paperwork.
I haven't had a single issue paying with cash in a city and there hasn't been a single business that I have went to that has been cash free. And I'm not looking for wether they take cash or not.