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enragedchowder @lemmy.ca
Posts 0
Comments 44
Television
  • Just got a used Vizio and I have the same problem. 100% of the time I’m using my Apple TV on one input, but as soon as I turn it off it switches to smart cast. Except it can’t even find my wifi network, so all it does is give me a screen saying it can’t connect. Why can’t it just stay on the input I set it to??

  • Chinese economy expected to have slipped into deflation as recovery falters
  • I’m not even sure what you’re taking about it. But from the worker/anti capitalist perspective, deflation is even worse. The working class, who holds huge amounts of debt like student loans, ends up paying more as the value of money decreases. Imagine all of your student debts increasing in real value over time, on top of the already existing interest rate.

  • Sweet tea
  • It literally doesn’t. The price is the same either way. Reduced demand from the higher tax makes it so producers will lower prices. This is really basic microeconomics.

    From Wikipedia: “tax burden does not depend on where the revenue is collected, but on the price elasticity of demand and price elasticity of supply”

    https://en.m.wikipedia.org/wiki/Tax_incidence

  • Sweet tea
  • It doesn’t make a difference which side you tax. If consumers are taxed then corporations will still feel it through reduced demand for their product. If corporations are taxed, consumers will still feel it through increased prices. The tax burden does not depend on who is taxed, but rather how elastic supply and demand are.

  • Bank of Canada to raise rates 25 basis points on July 12, possibly the last: Reuters poll | Reuters
  • Okay, so first of all, they currently have the power to raise and lower interest rates without the people’s approval. This isn’t some undemocratic seizure of power.

    Secondly, I don’t think they should have carte blanche to raise and lower every tax. It could be within some range of the federally set tax rate, e.g 2.5 points above or below.

    It’s merely an idea, as people often complain about the BoC only having “one lever”.

  • Bank of Canada to raise rates 25 basis points on July 12, possibly the last: Reuters poll | Reuters
  • Because people don’t want higher taxes. Raising taxes is always politically unpopular even if for a valid reason. Politicians often do the opposite, e.g Trudeaus grocery rebate just puts more money into circulation and contributes to inflation. The BoC can operate autonomously from the federal government and could conceivably raise taxes when a politician would not have the political capital to do so.

  • Bank of Canada to raise rates 25 basis points on July 12, possibly the last: Reuters poll | Reuters
  • I agree that it’s unfortunate the central bank can only change interest rates. At the same time, fiscal policy often runs in the opposite direction. I wouldn’t be opposed to giving BoC some control over taxation, within a limited margin. It would give them one more tool so to speak.