I spotted a headline on my CBC News feed this afternoon that said: “People in highly taxed countries better off: report“. Naturally I clicked the link. The article discusses a report that determined quality of life is substantially better in developed countries with higher tax rates.
From CBC News (article link):
People who live in countries with higher taxes enjoy lower rates of poverty, have more equal income distribution, more economic security for workers and can expect to live longer, suggests a new study from a left-leaning think tank.
Written by two Toronto tax law professors for the Canadian Centre for Policy Alternatives, the report released Wednesday, is blunt.
“Tax cuts are disastrous for the well-being of a nation’s citizens,” say authors Neil Brooks and Thaddeus Hwong.
This article comes at a good time, as I’m hearing all sorts of people discussing private vs. public health care in Canada.
I don’t understand how people here can support the idea of private healthcare – it leads to gain for a very, very small portion of society and pain to everyone else. I guess everyone dreams of being rich more than they dream of being sick. Thoughts?