The last couple of years have been interesting to me as we witness and participate in “the great inflate.”
What’s been particularly interesting to me is the degree in which various players including we, the public, are responsible for inflation.
My family was certainly part of the consumer spending portion of the equation due largely to boredom and an inability to spend the way we used to.
This year we’ve changed our habits, and after acknowledging that we’ve had a part in this mess, my family has curbed spending and increased our savings.
However, we’re just one family in Delta, where do our various levels of government land on inflation culpability?
The City of Delta, with a budget of $450 million for next year, including $85 million in new capital projects, carries far more responsibility for the reason our income does not stretch as far as it used to than my family does in a macro-sense.
This 7.5 per cent tax hike does nothing but perpetuate the inflationary cycle and is grossly irresponsible in my opinion.
It is time for the city, Metro Vancouver, the provincial and federal governments to lead by showing fiscal restraint to fight inflation.