Making Money Minute with Ron Hiebert - Old School Economics

Current economic thinking is to narrow the tax base as much as possible and get fewer and fewer people to pay more and more. And secondly, the solution to everything involves spending lavishly and not fiscal restraint. I am obviously showing my age here, but I can remember not too far back when most nations pushed for policies that expanded the tax base. They created economic conditions that allowed its citizens to earn more, causing the tax base to expand - not shrink. They also had the discipline to cut spending to match the revenue coming in. If we want a sustainable economy, we are going to have to get back to those strategies that made us a success in the first place. For more information listen to our Making Money podcast with Ron Hiebert and Graham Hicks at letsmakemoney.ca or CFCW.com.