Cutting taxes on the wealthy doesn't guarantee they are going to invest in Canadian job creation. Many of them invest overseas or prefer to invest in the housing bubble. The tax incentives have to be more targeted/surgical. Why would any rational person invest in the TSX or a Canadian start up (more risky) when there are better returns in real estate and foreign markets?
Cutting the Canadian/provincial corporate income tax would make more sense than an income tax cut for the top bracket. But then you see major Canadian corporations outsourcing telephone support to India, Philippines, the Caribbean, etc as well.
Just wait until they have Pajeet doing your job for far less money and then you'll think about laissez faire capitalism differently. And even if you are untouchable, you can not have a functioning society with mass unemployment. The chronically unemployed are going to culturally enrich the employed with the trajectory that our country is going.
The problem with the left is that they place too much trust in government and the right places too much trust in corporations. Tyranny can arise from both the public and private sector. In fact the private sector gets their power from the state. We are the many. The wealthy are the few. The guns of the state are the only thing protecting them from us. That's why Trudeau wants to take away your guns btw.
Honestly, this budget doesn't seem too bad so far. A lot of money towards getting people back to work, and helping small businesses.
Cutting taxes on the wealthy doesn't guarantee they are going to invest in Canadian job creation. Many of them invest overseas or prefer to invest in the housing bubble. The tax incentives have to be more targeted/surgical. Why would any rational person invest in the TSX or a Canadian start up (more risky) when there are better returns in real estate and foreign markets?
Cutting the Canadian/provincial corporate income tax would make more sense than an income tax cut for the top bracket. But then you see major Canadian corporations outsourcing telephone support to India, Philippines, the Caribbean, etc as well.
Just wait until they have Pajeet doing your job for far less money and then you'll think about laissez faire capitalism differently. And even if you are untouchable, you can not have a functioning society with mass unemployment. The chronically unemployed are going to culturally enrich the employed with the trajectory that our country is going.
The problem with the left is that they place too much trust in government and the right places too much trust in corporations. Tyranny can arise from both the public and private sector. In fact the private sector gets their power from the state. We are the many. The wealthy are the few. The guns of the state are the only thing protecting them from us. That's why Trudeau wants to take away your guns btw.