The Bank of Canada will raise interest rates by a quarter-point for a second straight meeting to 5.00% on July 12 following a five-month pause earlier this year and then hold well into 2024, according to a majority of economists polled by Reuters.
I still don’t follow. Again, what would compel the people to give these bodies power over taxes when you say that taxes are universally unpopular?
In a similar vein, murder is universally unpopular, but then to think that the people will give power to the police to kill whoever they want, no questions asked… Why would they do that?
It is not undemocratic when done democratically, but you have failed to fill in the missing link that explains why the democracy would approve of such a thing. Without that, it very much would require a undemocratic seizure of power to make happen.
I still don’t follow. Again, what would compel the people to give these bodies power over taxes when you say that taxes are universally unpopular?
In a similar vein, murder is universally unpopular, but then to think that the people will give power to the police to kill whoever they want, no questions asked… Why would they do that?
It is not undemocratic when done democratically, but you have failed to fill in the missing link that explains why the democracy would approve of such a thing. Without that, it very much would require a undemocratic seizure of power to make happen.