Author Topic: Government Day-to-Day  (Read 13996 times)

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Offline MH

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Re: Government Day-to-Day
« Reply #195 on: February 10, 2020, 02:09:15 pm »
1. Well if you are a certain age, you won't be around to see a lot of things get paid off but that doesn't mean they shouldn't be paid off.
If the Port Mann is amortized over 30 years I won't be around to see it paid off but that is no excuse to stick 100% of the cost on future generations.

2. I'm OK with stuff being paid off over time as well but this debt to GDP nonsense is just to justify paying for stuff forever.
1. Infrastructure is used over time, though.  Maybe you buy cars for cash but not everyone does.  It's maybe a fair idea to pay a bit every year so that those who pay tax in that year pay for something being used in that year.

2. Sort of, but it's also a useful stat in that it tells us what % of our wealth we are paying on.