However, trickle down economics, the idea that wealth at the top trickles down to all of us, has proven to be an abject failure for all except the wealthy, judging by record-high unemployment rates, deficits, etc. It is for this reason that I was very pleased to read Linda McQuaig's column this morning in The Star, in which she gives high praise to Andrea Horwath for getting the topic of taxation back on the agenda.
She does observe however, that it would be an easier battle had she a billionaire or two on her side championing the cause, as does Obama in the U.S. in the person of Warren Buffet.
I hope you will take the opportunity to read the entire piece.
Every government needs money to do its obligation and serve its citizens. The government needs money to maintain peace and order in its territory.
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