Raising taxes could avoid dumping the debt burden on younger generations – but don’t hold your breath

Deputy Prime Minister and Minister of Finance Chrystia Freeland joins Prime Minister Justin Trudeau as they participate in a virtual discussion from Ottawa on Monday, May 3, 2021, with seniors from Residence Memphremagog in Magog, Quebec. Sean Kilpatrick/The Canadian Press Mea culpa. A recent column that warned that Canadians are dumping the fiscal burdens for consumption spending on younger generations gave short shrift to another option: raising taxes.

That column argued that the government’s plan to send a $500 payment this August to seniors aged 75 and up – a pre-election lure financed by debt – is a symbol […]

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