Referendum on Tax Hikes: Difference between revisions

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It reminds me of Warren Buffett’s half-joking idea to “end the deficit in five minutes” by disqualifying lawmakers from re-election if the federal deficit exceeds 3% of GDP. Even if taken as satire, ideas like these highlight creative ways to add checks and balances to fiscal policy.
It reminds me of Warren Buffett’s idea to “end the deficit in five minutes” by disqualifying lawmakers from re-election if the federal deficit exceeds 3% of GDP. Even if originally offered tongue-in-cheek, proposals like these spark creative thinking about how to build stronger checks and balances into fiscal policy.
 


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Revision as of 2025-08-23T21:36:08

Interesting reel from Mario Zelaya about Pierre Poilievre’s pledge to introduce a **Taxpayer Protection Act** that would require any new tax or tax increase to be approved by a national referendum—not just by politicians. His framing: taxpayers should have a direct say, and any new spending should be offset by cuts elsewhere.

This is actually genius. I wish this was done 25 years ago. #taxhike #pierrepoilievre #conservatives #canada

It reminds me of Warren Buffett’s idea to “end the deficit in five minutes” by disqualifying lawmakers from re-election if the federal deficit exceeds 3% of GDP. Even if originally offered tongue-in-cheek, proposals like these spark creative thinking about how to build stronger checks and balances into fiscal policy.


See also