Another Form of Taxation

I had a conversation with someone a few days ago, and he was really glad interest rates were not going up. I didn’t say anything at the time, because I wanted to check my facts before responding, and possibly putting my foot in my mouth.

Many of us have money invested with financial institutions, including of course, the banks. Short term investments, such as GIC’s, savings accounts, etc. are paying very low interest rates, and I often wished they would go up a little to show a bit of a good return.