Quote:
Originally Posted by Senator Clay Davis
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.
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If it does not work after a reasonable time (~10 years), then raise them again. We can't be afraid to try different things and we can't be afraid to reverse course if they don't work.
Simply sitting back and being a naysayer (not you in particular) is not an acceptable solution.