Our governments are spending a lot of money addressing the problems caused by COVID-19, and they must be collecting less in taxes at the same time. How are they going to pay for this?
HOW ARE WE GOING TO PAY FOR THIS? We will have to pay; it's just a question of when and how?
I suggest that they consider a dedicated COVID-19 tax. This should be worked on by an all-party committee rather than just the party in power. We have seen how elected officials can work together in dealing with the pandemic, so let's see more working together going forward. If governments take this approach, they can provide us with a target of how much has to be paid off. We will also know exactly how much we are contributing each year, and the remaining balance. Eventually the balance has to reach zero and the dedicated tax should disappear.
I believe that this approach will lead to better acceptance of our responsibility to pay for this pandemic. You shouldn't hear the grumbling about another tax grab. Make this a project that we work on together just as we have worked toward containing this virus. Let's be transparent about this. There could even be a web site with daily updates.
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