Quote:
Originally Posted by Flash Walken
Until someone shows me just where this 'more efficient spending' will achieve an extra 200 billion dollars in infrastructure budgeting, I'm going to have to assume it's a pink elephant.
What was happening in the country when corporate tax rates were double what they are now? Was that money just going into a savings account?
It was obviously being spent somewhere, and now that that money is no longer being taken in by the government, it's foolish to think it's still being spent on infrastructure. Where is it being spent? Nowhere, because it doesn't exist anymore.
Historically, there was more money coming in and more money coming out in the 50s and 60s than there is today. The result of that is there is less new infrastructure and the stuff that already exists is crumbling, literally.
A sunny disposition for the future isn't going to deposit hundreds of billions of dollars into the federal treasury.
|
Shouldn't most infrastructure spending be done by the provincial and local governments? I hate the idea of the Federal government overtaxing and then handing the money back to the provinces conditionally.