That bloated feeling from that extra helping of turkey, cranberries, dressing and mashed potatoes is common over the long weekend just past, but is Thanksgiving the bounty it was 10 or 20 years ago?
It likely is, even if it is more difficult to get all the fixings that go into that Thanksgiving feast. According to the Fraser Institute, Canadians are spending more on taxes – including income, payroll, sales, liquor and fuel taxes – than they are on basic necessities.
Almost half of the average family’s income go to taxes these days, according to the report, which you can read about here.
There’s more coming. The federal government last week announced a plan to impose carbon pricing on provinces that don’t set their own and set a floor price, setting off a storm among some provinces. You can read more here.
Opposition critics called it a tax grab and while the Liberals insisted it was revenue neutral with the taxes remaining in the provinces where they’re collected, it’s still money out of the taxpayers’ pockets, money that could maybe pay for the enhanced Canada Pension Plan that will be implemented in the future.
You can read more on that plan here.
While few would argue that more money in retirement is a good thing, is it prudent in an era when many families are struggling to make ends meet, even with both parents working?
We could argue the benefits or negative aspects of each plan, but right or wrong isn’t the issue, at least not for purposes of this contribution.
The point is that disposable income is shrinking with various decrees from various levels of government, along with other factors. In Ontario, for example, the cost of hydro is skyrocketing as has the price of a home, where $1-million for an average home isn’t shocking anymore.
Disposable income is obviously a factor that affects the golf industry, which has been criticized for years for everything from the time it takes to play, to lack of appeal to younger generations, to its strict adherence to long-standing traditions.
While many of those concerns are being poked, prodded, investigated and dealt with, do those internal issues, or factors that golf can control, have as much of an impact on the industry these days as external issues such as house and other prices, taxes and other matters beyond the industry’s control?
That’s this week’s question in the GNN Poll.
You can vote below or on the GNN home page and, as always, feel free to voice your opinion in the Comments section below.
Which of the following has more impact on the Canadian golf industry these days?
- External influences (Factors affecting disposable income, such as cost of housing, unemployment, taxes etc.) (83%)
- Internal issues (Factors it can control such as time it takes to play, appeal to youth, etc.) (17%)