Comments on: Canada Proves Conservatives Wrong by Cutting Corporate Taxes By 30% and Still No Jobs

By: Bruce

Bruce — Sat, 08 Sep 2012 16:02:59 +0000

Giving the rich money is exactly that. Giving them money.
Follow me here: I own a business and I make widgets. There is enough demand for me to sell 10,000 widgets per month. You just gave me a tax break. How does this change the premise of my being able to sell only 10,000 widgets a month? Sure, I could use the tax break to lower my price creating demand for and extra 100 widgets a month,but, why would I do that to generate extra profit when you simply increased my profit with the tax break with NO ADDITIONAL EFFORT ON MY PART? Hell, I’m just gonna take that additional money and stick it in my Cayman account.
If you want to give business a break then give the money to the middle class first who will then give it to businesses anyways via the purchase of goods and services. Put the money on the consumer demand side where it belongs and we will drive demand ensuring that business will expand if they want this money.
This is the tragedy of the “Reagan Legacy” on the world. That somehow, through some mechanism unknown to any realistic economist, that giving the rich money will “drive demand” as if the rich are somehow immune for the human emotions of greed, corruption and desire and will use their money for the best possible benefit of all mankind.
Jesus, what sort of sucker falls for that? That trickle you feel from giving the money to the top first is the rich pissing on your head while they laugh all the way to the Caymans.

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By: Patrick

Patrick — Tue, 04 Sep 2012 19:55:24 +0000

Very well put Mip, you just saved me some time as I was about to post something similar.

A redditor also provided a great response to this article: www.reddit.com/r/politics...

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By: Bookkeeping

Bookkeeping — Tue, 04 Sep 2012 19:22:48 +0000

Great article Ray! Jobs in Canada, especially in the manufacturing sector, have been shipped off to other developing economies around the world. This is just one factor of the many affecting the Canadian economy. One remedy for increasing employment would be for more and more Canadians starting in their own business and creating jobs this way. Since Canadian tax law favours the entrepreneur a lot more than the employee, people starting their own business will not only see greater fortune, but open the doors to many more jobs for Canadians. One example of a great small business idea would be Bookkeeping. Many companies like this one have opened up and hiring more and more Canadians.

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By: A Walkaway

A Walkaway — Mon, 03 Sep 2012 21:29:58 +0000

Diesel has been more expensive than gasoline in this area for years. I’ve heard the Big Oil lies, but the fact is, it’s far less cheaper and easier to convert crude into diesel than into gasoline, and you get a lot more per barrel of oil (takes less energy to make to boot).

During the last crunch (70s), Big Oil tried to pull this stunt and got caught lying to Congress about the difference. It turned out that they figured they had the truck drivers (and trucking companies) over a barrel and were going to stick it to them. It backfired badly. They got away with it this time (so far), and that probably because so many of the representatives are in Big Oil’s pockets.

Two things could really drop the cost of fuel and reduce greenhouse gases… one is to slow down and have a national (enforced) speed limit of 60mph, the other is for people to switch to diesel and avoid gas guzzlers.

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By: Shiva (Moderator)

Shiva (Moderator) — Mon, 03 Sep 2012 21:07:17 +0000

not here. It always used to be cheaper but not for the last 4-5 years

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