One Cent Tax
A form of taxation that applies one cent to every item being purchased. From a computer to a Big Mac, a one cent tax is introduced which will then be applied to funding green (or health related)initiatives. Initiatives such as bike lanes in urban centres or helping to finance our health care system. Overall, a one cent tax is not seen as a huge financial gain but if applied to everything then the financial gain can be substantial. The general public will also not see a one cent tax as hugely detrimental to their pocketbook. As inflation continues, a one cent tax can be raised according to our economic situation. A strong economy can handle a ten cents tax while a poorer economy would benefit from a one cent tax