The government should tax capital gains as income, starting with gains on employee stock options, providing an exemption for founders shares of start ups going public. Them moving on to capital gains on principle residences, allowing for limited and tightly controlled mortgage interest deductibility. And finally moving on to regular capital gains, providing a life time exemption of say $1,000,000. The government should also allow corporations to deduct dividends from their taxable income and tax dividends fully, as income,  in the hands of recipients. Finally, the government should also raise the GST back to 7%, moving it to 6% on August 1st of this year and 7% on August first on next year. Why should the government do this, because running deficits is dishonest? We should pay for todays government today and not stick it to the next generation with unsustainable debt.