There are not only two choices!

We should repair the broken tax structure. 

As noted in numerous comments on the Globe site, tax law is way too complicated. I like proposals like the following:

"Tax 20% on all income or profits."

Income, dividends, small business profits, interest income, corporate profits, profit on selling your house, off shore profits, cash transaction profits, family trust profits, capital gains...all profits or income.

Then, the successful entrepreneur or salaried worker would not be penalized for making more. The retired senior would not take a bigger hit on their GICs. It would allow small businesses to grow into bigger ones. Perhaps even some offshore money would come back to Canada. I believe GDP would rise. 

But most importantly, it would be fair.

Not sure how the numbers would land, but I suspect the tax intake would be close to current numbers. If there is a short fall, decrease services or use a consumption or energy tax.