Quote:
Originally Posted by Flash Walken
Well 'the economy' has been drizzling ####s for nearly a decade now. Maybe that's a sign?
Somehow I feel I could never provide you with enough evidence to satiate you. This idea that tax breaks to corporations increases economic output is an ideological fantasy that hasn't produced any fruit.
For nearly 30 years, Canada and the US have been playing a game of beggar thy neighbour with nothing to show for it. There should be mountains of evidence to the contrary but instead we have record low wages, record amounts of personal debt, record provincial deficits and a sluggish economy.
By comparison, we have reams of evidence that high corporate tax rates and profound public services grow the economy.
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LOL that's hilarious. There's plenty of evidence that low corporate tax rates are a huge factor behind North America leading the world in economic growth over the past several decades.
However, why not just take a look at Canada.
Alberta has had the lowest corporate tax rate over the past decade. Alberta has had the strongest economy over the past decade.
Alberta leads the country in investment dollars. Alberta has increased investment in the province every year outside of the year Stelmach increased taxes/royalties on oil and gas, which saw investment plummeting by billions.
We've seen multiple head offices relocate to Alberta because of tax treatments, including CP rail and Imperial Oil. We saw Burger King relocate to Canada just this year because of corporate taxes. Pretending that tax rates do not effect investment and economic growth is one of the craziest claims I've read on here.
Take your assumption to the extreme Flash, why not just tax everything 100% ? What's the optimal level of taxation if, as you say "high corporate tax rates and profound public services grow the economy" ?