SECTION: What is the FCP all about

LEVEL 2 SECTION: What are the policies of the FCP?
                                The FCP Contract with Ontario

LEVEL 3 SECTION: What is the optimum?

LEVEL 4 SECTION: What Maximum Point?

YOU WERE READING:

...would have enormous positive implications for society.

...greatly improve the economic environment...

WHAT IMPLICATIONS?
WHAT ECONOMIC ENVIRONMENT?

The implications of having an agreed strategy which determines the amount of investment in government would have many implications:

• We could tax people less (and increase their standard of living), and

• we could increase government revenue, and

• we could spend more money in programs for the needy, and

• we could boost the economy to its highest possible level,

all at the same time!

We could probably avoid periods of recession and the nature of the western economy could change considerably for the better.

Such economic strategy has not been tried because economists and politicians have different views and priorities. No economic policy has the confidence of all parties. 

Such economic strategy would work best when adopted by all levels of government at the same time, or otherwise the efforts of one level of government (e.g. in reducing expenses) could be invalidated by another level of government using the occasion (tax relief) to raise its expenses.

Up to now no government has come up with a clear strategy to test a whole set of economic parameters at the same time. In addition, governments did not have the confidence (nor the political will) to wait for several years to see the effects of a new economic policy.

Industrialized economies are so resilient that they continue to thrive even when governed according to short-term, conflicting strategies. If and when people will understand the economic impact of investment in government and agree to establishing a target, even if the target were not precise, the improvement on the condition of the poor and on the economy as a whole would be unprecedented.