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Times are tough, we are in a economic downturn. Solution: Lower Taxes.
Times are great, we are in an economic upturn. Solution: Lower Taxes.
This from our level headed and supposedly fully rational Canadian minister of Finance.
“It has become obvious that Canada was well prepared for the crisis that hit us a year ago — paying down debt in good times, maintaining a prudent financial system and reducing taxes as the U.S. entered into recession in early 2008, to provide both a short-term gain and a long-term advantage,” Flaherty said in remarks prepared for delivery to the Brampton, Ont., Board of Trade.”
What the hell Jim? Is Keynesian Economic Theory a bit of a stretch for you? Or is it something else?
From the budget brought down by Jimbo Flaherty and his Neo-Conservative party.
“Corporate taxes will also be cut — by $14.1 billion over the next five years.
The corporate income tax rate drops by an additional percentage point to 19.5 per cent in 2008, falling in steps to 15 per cent by 2012. By that time, Canada will have the lowest corporate tax rate among the major industrialized economies, the government said.”
It is simply ludicrous. The government needs to raise taxes when times are good so it has the room to cut taxes when times are bad. The current Canadian Government has had but one solution on the issue of taxes: Cut, Cut, Cut, and then cut some more. That friends, is retarded. I mean sure, we all love our tax breaks, but defunding the government so it must cut valuable social services amazingly short sighted.
The business cycle must be regulated by the government for the benefit of the people of Canada. Unfortunately that means tax increasing during the good times, get over it tax-whiners, as it is necessary.
bleatmop
Mystro
Dead Wild Roses 
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