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TaxCap guru
Peter MacDonald has provided the following synopsis of what
TaxCap
proposes:
During each Election each Party should be
expected to bid to the Electorate the Cost of Annual Expenses of
their Government should they win the Election, and that.Bid must
be expressed as a percentage of a past year's
Gross Domestic Product (GDP). The terms here used are
for a National Government, but the principles work for any
Government, Governmental body or Ministry.
Should the successful Candidate for
Government exceed their party's
TaxCap
without new Consent of the Electorate, an Election will be
triggered.
 Peter
M reminds us that Government Income can only be
derived from three sources: {Taxes, Borrowing, and Printing
Money}. He notes that Borrowing is
"Taxing the Unborn". We have already noted that
Printing Money is immediate theft by the Printer of the
Currency from the pockets of all those holding existing
Currency
notes, and would be called Counterfeiting if it wasn't being
done with the prerequisite co-opting of the indebted Government.
See
Bear Sterns Takeover by Federal Reserve Partner, JP
Morgan
To be grounded in reality, a Currency has to
be a proxy or share of something of intrinsic value. In
view of the dangers of returning to the
Gold Standard - the gold in
Fort Knox has already been confiscated by
Foreign Lenders to collateralize the US National Debt - the
use of a past year's
Gross Domestic Product (GDP) as a base by which to normalize
the incomprehensible numbers in a National Budget offers a great
deal of service to every thinking person.
Had
TaxCap been in place thirty
years ago,
Liberal PM Pierre Trudeau and his Assigns would never have
been able to drag Canadians into the morass of Debt we have yet
to get our Country out of, and we would not be being interfered
with in our own Self Government by
Foreign Lenders ..
For more, see
TaxCap |
From the desk of Peter MacDonald
Many people seem to agree, our system of
government needs some overhauling. The purpose of this site is
to draw your attention to some ideas which I think are worth
consideration. If enough people want these changes to happen,
then they will, for politicians follow the wishes of the people.
But if you do nothing then nothing will happen. Enough said.
If you know of other sites which contain constructive ideas and
should be added to this list, please let me know. So, what
is TAXCAP?
"TaxCap" is a method of limiting Government Spending and
Taxes, to make governments fiscally accountable in absolute
terms on penalty of triggering an Election.. A
"TaxCap" system will work at the Federal, City, or
Provincial Level
The
TaxCap Ratio is defined as the Total Government spending
expressed as a percentage of a specified past year's
Gross Domestic Product, likely that of the the year
immediately prior to the Election.
Of all of the editorials and articles written
, Noel Wright summed TAXCAP up the best...here are some of his
comments.
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"TAXCAP
would set the maximum allowable taxation plus borrowing (i.e., deferred
taxation) as a percentage of the Gross Provincial Product -- the value of all
goods and services produced in the province.
It would be set either by regular
referendums or in accordance with the promise of the winning party at the last
election. It would be written into the Constitution, which would require any
government exceeding its TAXCAP percentage to resign immediately and call a new
election......"
Noel Wright, North Shore News, April 20, 1997
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Here are some others
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"The taxes they choose"......that people should be asked directly the level of
taxes they are willing to support, and that total spending should be adjusted to
meet this figure, not the other way around -- is a sound one."
GLOBE & MAIL - Editorial, January 12, 1994 |
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"The best economic ideas are the simplest, like
Macdonald's. They cut through complicated theory to a solution that works...."
"The tax limit proposal must be adopted - at the federal,
provincial and municipal levels."
"Reining in tax increases", THE FINANCIAL POST Editorial
(January 13, 1994)
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If you agree with the material presented in this Website
Write to your MP and MLA
Send a letter to The Editor of the local newspaper
Call a radio talk show host Post a message on a newsgroup
Setup up a WEB Page
And say you support "TAXCAP"
Updated March 14, 1999
E-mail Peter B. Macdonald
This Web Site is LOCATED IN VANCOUVER, B. C. CANADA
Peter MacDonald,
former President of the
BC Conservative Party
THE WORDING OF TAXCAP
-THE official DOCUMENT
AN EXECUTIVE
SUMMARY - for you executive types
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"TAXCAP", Noel Wright, THE NORTH SHORE NEWS, 1997-04-20
"Peter's purse-string principles" PURSE strings are the only leash strong
enough to control government, says a man who is arguably one of the best
opposition leaders B.C. never yet had.
Meet Vancouver entrepreneur Peter Macdonald who stepped down this weekend after
five years as leader of the longtime seatless B.C. Conservative Party. Not
exactly the kind of job that wins you instant political fame. But Peter brought
to it a pragmatic approach that had much more to do with political realities
than with Tory ideology.
Following Social Credit's ignominious collapse he found himself appalled
by the prospect of 60% or more of badly divided anti-socialist voters being
indefinitely subjugated to 40% or less of united NDP supporters. Nothing new in
that sentiment, of course. Peter, however, started doing something about it in
two highly practical ways, one of which could one day become his lasting legacy
to B.C. -- and to Canada itself.
Surveying the squabbling Liberals, the handful of rebel Reformers and the
death watch Socreds, he conceived the also moribund B.C. Tories -- whose
political noses were currently at least cleaner than any of the others -- as a
catalyst for uniting B.C.'s antisocialist majority. To this end he held a series
of monthly "Conservative Forums" to which all and sundry on the right and centre
of the B.C. political spectrum were invited.
Alone, Liberal leader Gordon Campbell shunned these anti-socialist brainstorming
sessions.
The ultimate unity goal was not reached during Peter's watch, of course.
But when it finally is, the seeds he sowed during the mid-'90s should not go
unrecognized. Peter Macdonald's big ace-in-the-hole, however, puts him in a
political class of his own. He is the inventor of TAXCAP, a policy giving voters
complete control over government's use of their money -- and, by extension, over
how government uses (or misuses) that money. It is also beautiful in its
simplicity. Here's how it works.
TAXCAP would set the maximum allowable taxation plus borrowing (i.e.,
deferred taxation) as a percentage of the Gross Provincial Product -- the value
of all goods and services produced in the province. It would be set either by
regular referendums or in accordance with the promise of the winning party at
the last election. It would be written into the Constitution, which would
require any government exceeding its TAXCAP percentage to resign immediately and
call a new election.
In 1969 the B.C. tax-to-GPP ratio was 11.5%. Today it's over 21%. Peter calls
for it to be reduced, as an initial target, to 15%.
In short, politicians raised on the spend-and-be-damned system would be
dragged, kicking and screaming, into a world where voters who pay the piper call
the tune -- not every four or five years, but every day.
But although TAXCAP is primarily about saving you tax dollars, Peter
points out other beneficial effects. With government forced to watch every
single dollar daily, it is much less likely to squander money on its own
ideological agenda -- including such things as the pork-barrel funding of
political supporters and the iniquitous threat to free speech launched via the
NDP's "Human Rights Commission."
In short, TAXCAP -- at both the provincial and national levels -- would
return control to the voters far in excess of anything referendum and recall
legislation could provide.
No wonder no establishment politicians even want to think about TAXCAP...
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