Quote:
Originally Posted by Locke
I find it particularly funny when people point to the antique Tax Rates that the top earners were required to pay in the 75% range in the early 1900s.
Yeah, because at that time moving your money or your offices to Venezuela or Ireland wasnt a viable alternative while today, it most certainly is.
Now, we can yell at clouds for the unfairness of it all, or we can accept this new reality and roll with it.
Again, the remonstrating about the artificially low taxes in Alberta due to Oil Revenue, theres value to that statement, but we also lowered taxes to bring in investment dollars.
Look at all the companies that relocated their Toronto Head Offices to Calgary.
We dont own these companies and they dont owe us, if you make the environment undesirable they can and will either fold up shop or leave and now you get nothing.
Its a fairly simple concept.
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My two cents: There are other ways to attract investment rather than just low taxes: infrastructure, human capital (creative, educated workforce), political stability, etc. Relying too heavily on low taxes to attract investment runs the risk of a race to the bottom.