When I read my friend David Tran’s blog which focused on the issue of America thinking about increasing the taxation rate on the upper class, this is what I thought.

The great thing about capitalist economy is, what you give is what you get. Survival of the Fittest. While from a philanthropic point of view, it might seem appropriate to extensively tax the richest for wealth redistribution amongst society, the whole essence of capitalism is lost. It is an incentive-driven economy, and taking that away  by  increasing the tax rate is only going to make the economy inefficient.

High taxation can have a daunting effect on the public. The fact that the government is taking away a huge portion of something that consumes one’s blood and tears can sometime be hard to accept. I am an international student and the amount of provincial tax, and the product taxes scares me from considering a permanent residence in BC. It seems to me that I almost would not want to be successful if the government comes and takes almost 40% of my income away. The effort just does not seem justified even after all the free medical bills.