Quote:
Originally Posted by snootchiebootchies
These are people that still believe in trickle-down economics.
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I love hearing people trot this line out. No I do not believe in trickle down economics. What I do believe is raising corporate tax during a time companies weren’t making money like they had before sent a lot of companies packing. When profits go down, you know what’s first to go? People’s jobs. As of January 25 percent vacancy in Calgary for offices.. Having a low corporate tax provincially gave a lot of big companies incentive to station head offices here etc. So shocker! That gives people jobs. No tax cuts do not immediately trickle down that new found savings in raises to employees. But it helps the company grow and keep their business here which keeps us employed. Not sure how this is so difficult for people to understand.