Fogal says that the Canadian Action Party/Parti action Canadienne would replace the loss of GST revenue by simultaneously reinstating the statutory banking reserves which the Conservatives removed in 1991 when they brought in the G.S.T., and by using the statutory capacity of the Bank of Canada to fund federal projects at a near zero interest rate in the same proportion of use of the Bank of Canada in the 70's, which use the Conservatives and Liberals
also phased out by 1991.
“The GST is the cost to the taxpayer to pay for the Conservative party’s outrageous gift to the banking industry in 1991 to bail out the banks from their disastrous speculative activity,” noted Fogal.
“Proportional use of our own Bank of Canada to fund our infrastructure needs, and reinstating the 8% to 12% ratio requirement of deposits that private banks must hold with the Bank of Canada is a simple way to safeguard a productive economy and to free the consumer from the yoke of the GST.”
Contacts: William Krehm of Committee of Economic and Monetary Reform tel: 416 924 3964
Connie Fogal, Leader of CAP/PAC Tel: (604) 708 3372
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-- CANADIAN ACTION PARTY/PARTI ACTION CANADIENNE LEADER, CONSTANCE (Connie) FOGAL www.canadianactionparty.ca Telephone Connie Fogal at: 604 872 2128
[Proofreader's note: this article was edited for spelling and typos on December 3, 2005]
Note: www.canadianactionparty.ca

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RickW
Since your vote won't matter anyway, use it out of principle.
Most Canadians would rather get taxed when they spend, not before.
Love it or hate it, the GST is neccessary. In my mind it is clearly better than the system of taxation that it replaced.
Government spending unless changed will require the same or more revenues, so without the GST, they will tax us elsewhere. It is not going to be the corporations picking up the slack, so take one wild guess where the money is going to come from?
Now if the CAP tie this in with monetary reform and thus less needed taxation, then maybe they would get more ears. The presentation needs to be better.
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If there was ever a time for Canadians to become pushy - now is the time - for time is running out on this nation called Canada.
the European banks credibility for their brilliant creation, the Prize in Honour of
Alfred Nobel. Ironic that this is coming from CAP - I thought they'd be aware of
this purchased influence. The award is handed out on the same day at varying
venues. Alfred Nobel never wanted this award to exist. He knew it could be
manupulated to serve private interests in the way this joke of an award has
been.
Basically, it is a circle of neoclassical economists sitting in a circle padding each other on the shoulder. Now and then it is awarded to an outsider, to appear impartial, but most of the time it is an artificial support to the neoclassical market economy theory. Friedrich von Hayek and Milton Friedman, were among the early recipients for this very reason.
Some of the Nobel family members have been talking about a lawsuit against the use of the Nobel name, some years ago, but I don't know offhand whether they'd followed it up. It is still called the Nobel to the best of my knowledge, while poor Alfred is revolving in the grave, just as Adam Smith is for the misuse and fraudulent quotations of his words..
Ed Deak, Big lake, BC.
<a href="http://www.canadianactionparty.ca/PartyInfo/Policies.asp?A=12&B=1&C=0&D=0&Language=English">http://www.canadianactionparty.ca/PartyInfo/Policies.asp?A=12&B=1&C=0&D=0&Language=English</a><p>---<br>If I stand for my country today...will my country be here to stand for me tomorrow?
There's no point in talkig about politicians and parties without examining the economic theories they promote, or fight against.
Ed Deak.
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RickW
Since your vote won't matter anyway, use it out of principle.<<<
Thats right! split your vote on unelectable fringe groups! It Really won't matter then!
Arlo Gutherie Had it right! Thanks Arlo!
And friends, somewhere in Washington enshrined in some little folder, is a
study in black and white of my fingerprints. And the only reason I'm
singing you this song now is cause you may know somebody in a similar
situation, or you may be in a similar situation, and if your in a
situation like that there's only one thing you can do and that's walk into
the shrink wherever you are ,just walk in say "Shrink, You can get
anything you want, at Alice's restaurant.". And walk out. You know, if
one person, just one person does it they may think he's really sick and
they won't take him. And if two people, two people do it, in harmony,
they may think they're both faggots and they won't take either of them.
And three people do it, three, can you imagine, three people walking in
singin a bar of Alice's Restaurant and walking out. They may think it's an
organization. And can you, can you imagine fifty people a day,I said
fifty people a day walking in singin a bar of Alice's Restaurant and
walking out. And friends they may thinks it's a movement.
And that's what it is , the Alice's Restaurant Anti-Massacre Movement, and
all you got to do to join is sing it the next time it come's around on the
guitar.
Ionly takes one to START a movement
Naysayers are parade pissers
They gotta be pissin on EVERY bodys parade
Put it simply like - We can eliminate the GST and lower payroll taxes through monetary reform. By eliminating the usury on our national debt we can finance more while taking less. - or something along those lines. But lets face it, talking about monetary reform goes in most people's ears and out the other side. They don't want to hear it or are not ready to hear it. The Greens are also talking of monetary reform, and I most certainly will be, but it is not a major selling point for grabbing votes without giving it more sparkle if you will.
Most Canadians if you say "we will eliminate the GST" will think okay great but where is that revenue to be made up from? I think the Cons already see that most people would rather see a large and substantial decrease in payroll taxes before the reduction or elimination of the GST. For many they will see more money back that way.
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If there was ever a time for Canadians to become pushy - now is the time - for time is running out on this nation called Canada.