Economist praises consumption taxes ahead of Sask. budget
No one wants to pay taxes. But if you have to fork over your cash to the government, it’s probably best to do so in the form of consumption taxes.
That was the message from Carlton University economist Ian Lee during a Tuesday appearance on Gormley.
His comments came in response to a Facebook video released Monday by Saskatchewan Premier Brad Wall, in which he hinted at a move to more consumption taxes ahead of Wednesday’s provincial budget.
Lee said a review of 30-plus years of research by academics and central bank economists shows things like sales taxes and sin taxes are the least harmful to economic growth, as compared to traditional taxes on personal and corporate income.