Indexing capital gains is warranted, so inflationary increases in price are not taxed.
Versus paid $72.5 million for 2007-2008 and will pay inflationary increases over the next three years.
But the effect is to shift the responsibility for financing any inflationary increases in medical costs to the future retirees.
No one would want the Fed to engage in an inflationary increase in the money supply.
But the law did not provide for an inflationary increase in the taxpayers' payments to the fund; the checkoff has remained at $1.
The central bank has already raised interest rates four times this year so as to forestall the possibility of inflationary increases.
Indexing capital gains so that inflationary increases are not taxed is the proper solution.
A new provincial health plan, was also launched with plans to invest over $154 million in addition to regular inflationary increases over four years.
By 2007, citing inflationary increases in infrastructure construction costs, the proposed capital costs had risen to $165 million.
The inflationary increase is 31%, based on Eurostat data and the harmonised index of consumer prices.