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Waterloo must Improve electron procedures Some of the problems in the Waterloo municipal eletionareanextetuionofthepertniatsivetsocietyms 1itmsmammgedinthelatsthurrherofyears Inour mtit,therehasgenemllybetmtootnushePplratsis onhaanrightstindtatlittleerrtplttmigotttheduty that accompanies my right. Iti_ligshleeitixen'isrighttoaustaballotin the municipal election and at the some time, it is orsrrete'shtytotttarktheha1lotiryhutingthm'r port ofthe1994 Prudential Run for K-W Hospital as an assodate sponsor. For the fourth txmteeittive year, we have surpassed our goal and are pleased to announaswehaveraiaedover$60,000.. The funds raised from the 12th annual Prudential Runwi1lbedireetedtothehospitahpqrhiatrieand mental health services. . Without the continued support of companies such as the Waterloo Chronicle, we would not be able to achieve the success that we continue to have each forwardtGorkiurkith wGgaindejtry. Prudentlal 1e,,t,,te.ye) On behalf of the 1994 Ptu nti Run committee and the Board of Covet-mm of the Kitdtener-Waterloo Hospital Foundation, I would like to express our sin- cere thanks to the Waterloo Chronicle for your sup- ment reduced a ample in their hat budget last Febru- ary: they reduced the exemption for business entertainment expenses from 80 per cent to 50 per cent and eliminated the $100,000 capital gains tax exemption However, many tax loopholes exist that permit wealthy arrporations and individuals to amid theirfairghareottaxes.C1asingrnastoftheteloop. hok-uldmionlymdutethedtgitieitwouldmahe theridtparahtrersharedit, Ofcuune, the moon governments don’t implement thasekindoftneatumothatthtirflpita1ftighe Douglas McCready, in his Chronicle column last week, says we cannot collect more dollars irmn tax expenditures without driving investment from the atuntzyHnothermrde,ifwethmtgivetlterithpeo Ctmadtthaattdaptthletn. Ith0ttrtnottheperb lem we're conditioned to think it is. Unlike Third W0ddtmrtinu,whiehhtwertoeltaubuttoadhere to the conditions imposed on them by the foreign (indudirteCanadiap)htidVheirdettthetlani diangovernmentdoeshsveachoiceofhowwdesl with our debt problem Butrrummldneverkmwitfrrmtthedeuhrteria in our media. It's become a'fimgrne allusion that oursuvermnentmustreininitsspendingtogetthe dehtunderaoettml.Theeeareotheroptionu.'Nekxs ealsrtartingplateistoattaahighinureatratmand taxlsresWrtotheridt,whiehtethereauaed94per amt0ttheinaeaaeinourdthtintu1ase20ritrs Furthermore, the free trade agreements which force us to maintain these and other policies must also go. With regard to interest rates, the government needs to begin with two main policy actions. First, the House of Commons should instruct the Bank of Canada governor to lower the Bank's interest rate and abandon monetarist theories. Second, the govem- mentneedstoborrowmoremoneyfromtheBankof Canada rather than than the private market, whose rates of interest it has no control over, anyway. ourgrrvernment and thtrhigamxxations whooon- trol it say that borrowing more from the Bank of Canada would be inflationary, since it essentially amounts to creating money. But creating money is 'tilltmttirtgmtmey,whetheriestheBanktfCanada ortheaBCwhodoiK.Thededgiorttoborrmriso mudttnoretruntheprivateeetrethantrmnthegmr. emmaot'g own bank is purely ideological: it assumes that borrowing from the free market maintains a htatuml"interetstrate,regard1etmofthethetthatthe tnetry.mar.k?tiyxmmtliet0yryhwh!PU Gettir1gtidofuytstyterytyemnfituryaitsthe next losses: m rttrateiedft; the Ishepl 82m- Alternatives to debt hysteria Once again, thank you for your support and we look (Cl t Devdopment OtBeer " Hospital Foundation JothMcCabe choice of candidate in a precise manner so that the need for interpretation would be eliminated. Whenllirstvotedaslreasll,itwasnetxssaryfor the voter to mark an "X" in the appropriate place, using the pencil supplied in the polling booth. If the ballot was marked in any other manner, the ballot was void and would not be counted. If we are to continue this method of voting, the cor- rect procedure should be advertised in the local papers, displayed at the polling station and verbally explained to everyone casting a ballot. Another problem as I see it, is that there are too many polling stations. The people manning these sta- tions have too little to do and because of human nature, are less alert and probably less accurate than if they were busy. An alternative to this would be to develop a com- puter program and a custom keyboard that would be the ultimate in simplicity and show on a screen exactly for whom the person was voting and if OK, press "VON' and the pm would be complete and counted instantly. We have thrde years to implement impmwementa, so let’s get at it and eliminate these awkward situa- Mare Xueneb works (br Waterloo’s Global Commu- nity Centre, which is currently Mtring public work- shops on the links between Canadian and Third World debt I don't deny that some foreign investment would flee Canada if we implemented fairer tax and interest rate measures. But we have to do it if we want any control over our future.As David Olive, the editor of the Globe a Mail's Report on Business magazine, put it: "there comes a point when' a nation's finances should be managed principally in the interests of say, its 1.6 million unemployed persons, rather than the thrill-seeking, 2Nsomething phone jockeys who popu- late the currency trading pits, whose whims are unfathomable in any case' (October 1993). Which brings me to my last point The ability ofoor- poeationts to move wherever they like whenever they like has handcuffed governments into giving them what they want. But weren't the very agreements that ensured the mobility ofcapital - the Canada-US Free’l‘radeAgreement,NAFl‘A,andGA'lT-negod- ated to reduce government intervention in the own- omy? It seems that, to be competitive, governments needtoamtinuegivingbigtaxbreautowealthycor. porations and individuals so they can compete with othergovernmentswhodothesame!’l‘hisisthekind ofeconomiclogicthatptueinthisdebtmessinthe fimtp1aasifmsaregoingtotahkthemalcaussof our debt, the Canada-US Free Trade Agreement, NAFTA, and GATT must all be repealed or signifi. mntly renegotiated Whilethemediadebatecmdnuetofocusonhowto eutaxialpitmtr'tncutourdeht,the moresubstan- tiveanirwer0eeuewhete.Weneedtothihthefbcuis totherealcauaesofourdebt-andthefairestwnysto reduce it. ple who employ us what they want, they'll leave. The samereaaoningisuaedtokeepinterestrateshigh. since foreign investors won't invest in Canadian bends if they can get a higher rate of return else- Letters policy Ihsthtmboaratit_mnstt-totts"diter. Tut6rthiiieHttitttarstsaddr-rtdtkms m.ret*erart1"il1t-itbiHaaxtmr.Nottrtiigrtsd ktt-ilttretn*liNdarsiittteamitidomtius .' thehhtttraht waWWa. Walter Boehmer Wata'loo r..- ottErt mam-w was -/ PLU§ 'Our 620d Year' " William St. West, Watettoo g '6' -.. '70."?! Z: i27 /i",i:i,':,ii3 MAM WE PAY 'ililr'(:(iiji,ii:),,,i, iEiiiil WATERLOO mm. NEWSDAY, mm 21. I”. - PAGE , E "JUST DOLLS a"'"'.- Nowo-s-uyst2Nooe4p.m.tmtiltatrtstmms 2 John St. W.. Wa_teHttlt_trtprq & my 578-9200 BEAM BEDDING May this comingi year be a time of happiness joy and asking peace for you, WE PAY 1fouRtte, DEDUCTIBLE ALL Insurance Companies" 743-321 9 an