Making the rounds is a humourous attack on Stephen Harper and the Conservatives (but mostly Stephen Harper); it’s the aptly-named website shitharperdid.ca. It covers some of the same ground as my own list, but it does add a few new whoppers. The art work and slide show format are things I can’t compete with! đŸ™‚
Another interesting story examines the “corporate income tax cut = productivity” myth that I’ve been talking about. A Globe and Mail analysis found that, lo and behold, corporate income tax cuts in the last decade have not led to the land of milk and honey.
The key passage is the following:
[A]n analysis of Statistics Canada figures by The Globe and Mail reveals that the rate of investment in machinery and equipment has declined in lockstep with falling corporate tax rates over the past decade. At the same time, the analysis shows, businesses have added $83-billion to their cash reserves since the onset of the recession in 2008.
This conclusion isn’t new, of course. Many sources, including corporate entities like the TD Bank, have examined the disconnect between open-ended tax cuts and investment. Nevertheless, the neo-liberals keep holding onto the theory – such is the power of self-interest in trickle-down economics.
One of the interesting by-products of the current electoral debate is that the Liberals are leading the charge to raise the tax, even though they were the ones who started it under Chretien and Martin.
Edited on: Wednesday, April 20, 2011 5:22 PM
