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Debt servicing costs blamed on high rates and taxes
A Manitoba analysis by the Alternative Centre argues debt growth stems from high interest, not spending. It notes corporations pay little tax, consumers bear hidden taxes, and unemployment drains revenues. It cites Saskatchewan debt costs up 1000 percent in 10 years and a family of four paying $500 monthly in interest.
MENTIONED IN THIS ARTICLE
Centre For Policy Alternatives
British Columbia
E Alternative Centre
Alternative Centre
Canada
Bank of Canada