Quote:
Originally Posted by the_only_turek_fan
Do you have a better idea?
As I said earlier, we can't blow up the Rand formula.
BUT, why not we try and cut every OTHER tax/expense that businesses have in order to create jobs/keep jobs in AB.
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But there's no guarantee cutting taxes will mean more jobs. Companies can of course hoard that money, or pay it out to shareholders instead. It's not like Alberta has the highest corporate tax rate in the country either, it's one of the lowest in Canada even after the increase. Alberta also has a good established talent pool of workers, and no PST which can only help. It should in theory be more attractive than almost anywhere in Canada to start up a business. To me the minimum wage going to $15 would be a bigger issue to deterring business investment than the 2% incremental increase in corporate tax.
As to a better idea, I mean there's no one idea. I mentioned that low paying jobs aren't sustainable in an environment where cost of living is rising....so how do we reduce cost of living? If we did that those types of jobs could be more acceptable because they can provide a decent standard of living. But trying to reduce cost of living is a big task to undertake.