Tax Changes
Luke Peters
All citizens of eCanada please note, there is currently a motion to increase income tax rates to 15% and reduce import tax rates to 30% in the Grain Industry.
If this motion is successful, votes will follow similarly for the other 3 raw materials that we have within our great nation; also income taxes in the manufacturing industry will be raised to 15% on a proposal.
http://www.erepublik.com/en/Canada/law/58085 - Grain tax change proposal
http://ecanada.cc/forums/viewtopic.php?p=165576#p165576 - Congress discussion topic
Comments
Failing Congress Failing at Economic and Monetary Policy
Get ready for:
Cheaper goods (Yes!)
International Competition(No!)
Lower Wages(No,No!)
Shuttered Companies-Fewer Jobs(No,No,No!)
Higher Income Tax - Less "Take Home Pay" (No,No,No,No!)
So, in the end, YES, stuff will cost less, but there will be fewer companies, so more competition for better paying jobs, so you will likely earn less and be taxed more on those earnings. Oh, and everytime you buy something from a foreign company, that money leaves Canada and goes to pay foreign workers wages
So, everythings cheaper, but your poorer, so what have you gained
Let the Fail Minister etemenblahblah know what you think and demand they get a real economist in there for the next presidential term
Shut up thief, nobody cares about what you think