Quote:
Originally Posted by CaptainCrunch
Since most of the big corporations in Canada are based around energy production, I don't think your theory holds all that true.
For car manufacturers as an example maybe, but I'm not sure that it works on big ticket items.
I think there does have to be a balance on both, but if you can make it a friendly enough business environment to encourage organizations to expand their operations here or encourage international organzation to come here, there is a pretty good flow down in terms of employment and a stable business environment.
Just because you put a few extra bucks in a persons pocket doesn't mean that they're going to necessarily spend the money or spend it where you want to.
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It was kind of tongue in cheek, but at the same time, the point is we've been hearing this theory of "trickle down" for 30 years. Things aren't getting all that much better for the people who are supposed to be enjoying the warm trickling effect.
I'm no economist, I don't know the solution, but I know tired old canards like "tax breaks for corporations means everyone wins" aren't working.
I know in the States they bent over backwards for corporations and Wall Street, and then they taxpayers were bent over forwards by corporations and Wall Street.