Well, yes, young Canadians are going to pay, that's true.

But the Globe's diagnosis isn't a bit off.

The problem: taxes are at a 60 year low, but it is politically impossible to have an adult conversation about (a) the level of public sector goods and services we expect; and (b) the corresponding level of taxation.

We have choked spending so ferociously that the production of public sector goods and services - above all physical infrastructure - is crazily far below optimal.

We have artificially suppressed public sector demand to such an extent that now, $1 in public infrastructure expenditure on transit typically yields $12 in private sector economic benefit.  That ratio is almost certainly an all-time historic high.

But because it is politically impossible to raise $1 in tax, the private sector foregoes $12 in income.

Insane.

Taxes are way too low to pay for the public infrastructure appropriate for our economy.

It is choking growth.

Cutting the GST was wildly irresponsible.