Tax cuts kick debt down the road

It’s called debt, and the B.C. Liberals have doubled it in the last decade or so.

Re: Why cut taxes for the rich? (B.C. Views, Feb. 25).

I’m a senior with a defined-benefit pension plan and income splitting. I’m using the tax free saving accounts. I get a seniors’ discount on my property tax. I can defer my property tax if I want and some point I may. I’m not wealthy, but comfortable.

Both the federal Conservatives and B.C. Liberals have reduced income taxes for me. Why would I disagree with their policies? We are the privileged generation — you may enjoy the same privileges, in retirement, while they last.

Why the concern? Only because we have grandchildren who will be paying for the privileges and lifestyle that the B.C. Liberals and Conservatives think we deserve (for votes), with borrowed government money.

It’s called debt, and the B.C. Liberals have doubled it in the last decade or so.

Bring back Premier Ralph Klein from Alberta, in 20 years. By then I may be gone, and the grandchildren will be working to pay the interest on the debts. There will likely be riots, as there were in Greece.

Greece — still at 173 per cent debt to GDP after four years of austerity — too late for them to get out their own mess. My TFSA will suffer a bit when they default.

As my Grade 11 math teacher said, ”you can pay me now, or pay me later.”

“Pay me later” sounds pretty good to the privileged generation. Hope you can join up soon — while it lasts.

Phil Harrison, Comox

Just Posted

Saanich Peninsula Alert launches today

Existing subscribers already moved to new system

Local cadets gain acceptance to RMC

Military careers one step closer

New Star Cinema project approved

Cameo development gets unanimous council thumbs up

Stelly’s sidewalk gets green light

Federal funding brings project to fruition

Witnesses sought for alleged drunk driver crash in Sidney

Crash happened June 16 on East Saanich Rd. and Canora Dr.

Victoria Ska and Reggae Fest fills harbour with music

Music festival wraps with free party Sunday at Ship Point

5 fun things to do this weekend in Greater Victoria

Victoria Ska and Reggae Fest, Ride Don’t Hide, Cordova Bay Day and more

Blue Jays closer Roberto Osuna suspended for 75 games

23-year-old pitcher faces assault charge

How the Gorge Canada Day Picnic grew from a basement idea to a single-day event with 10,000 visitors

‘We’re going to need more food,’ among lessons from first Gorge Canada Day Picnic

Vancouver Canucks tab Quinn Hughes with No. 7 overall pick in NHL draft

University of Michigan standout was second defenceman picked in first round

Jogger spent two weeks in U.S. detention centre after accidentally crossing B.C. border

Cedella Roman, 19, crossed the border while out for a run

B.C. woman with severely disabled son keeps getting parking tickets

‘There has to be something they could do’

Man brandishes axe during robbery

Mounties were able to locate the suspect within two hours of the incident

‘Creep off’ reporting system aims to track street harassment in Metro Vancouver

Text-based hotline launches to collect public reports on where and when harassment occurs

Most Read