For as long as I can remember, Ontario and Canada have been described by
numerous publications as perennial laggards in measures of business
productivity improvement when compared to the USA, our most important trading
partner.
How much business productivity, and its resulting gains in
jobs and prosperity, have been lost due
to government-imposed tax and regulatory burdens is anybody’s guess.
How do our political leaders, tax authorities and regulators
justify imposing these overheads?
Clearly, huge levels of taxation, both direct and deferred,
are needed to fund our unwieldy public bureaucracies and their payment
obligations. With respect to regulations, who are their trying to protect but ourselves
from ….. ourselves (go figure)?
How can Ontario ever expect to host successful businesses,
with their attending growth in jobs and overall prosperity, when our governments
insist upon restraining our Citizen Entrepreneurs with the state-mandated, command & control equivalent of a choke
chain?
While I doubt that it is possible to accurately measure how
much this “choke chain” is restraining the creativity, energy and
investing within Ontario’s businesses, a
quick “gut check” will surely lead most of us to the conclusion: “Too much” !
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