Esq Posted January 16, 2011 Report Posted January 16, 2011 An example here would be to leave the rate the same but put the funds directly to debt reduction once the deficit is paid off. Since that deficit most likely represents corporate profits. Quote
Esq Posted January 16, 2011 Report Posted January 16, 2011 In addition to selected tax credits/deductions, they need to emphasize specific sectors of employment, as well as corporate benefits like medical, and post secondary training benefits - that might otherwise fall into the government cost burden. Corporate taxes should not be reduced but instead benefits should be given until the deficit is removed and responsible fiscally prudent management of finances is assured. the $750000000000 of debt needs to be removed, and this will take drastic measures. I really like the SP plan to do rapid paydown and budget restructuring to provide for a balanced budget, and a goal of $50000000000-$100000000000 of debt paydown per year as a goal. This provides for the debt to be removed in about 8 to 15 years. The Conservatives instead have huge earmarks going to the United States, and that money doesn't stay in Canada. Likewise they don't support quantitative easing, and this could reduce the debt by $10 billion or more per year in this climate. Also a high dollar means - a high debt, since debt in Canadian dollars, appreciatees with the Canadian dollar. .62 vs 1.10 is a 50% difference in the value of the debt. This means that since 0.62 dollar you could say that the public debt has more than doubled. Rapid printing inceasing the overall money supply by about 50 billion per year will allow the dollar to deflate - while paying down the debt. This will also insulate and stengthen the Canadian economy. The Conservatives seem to have the opposite in mind, allowing slow appreciation, interest rate movement upward, and about 5% increase in federal debt each year - more than the grown rate, almost double the actual growth rate. Lowering Corporate taxes at the same time, while good - will not be good overall, until the other criteria for sound economic policy are met 1. a non deficit yeilding federal budget 2. a short to mid term -10 to 20 year paydown of the debt. (9 to 14 years is ideal for future needs) 3. promotion for employment growth 4. increased growth rate in non core locations (non urban growth) 5. diversification of economic support - centered on domestic needs and major export markets with low supply. Quote
Esq Posted January 16, 2011 Report Posted January 16, 2011 bear in mind oil is bought in US dollars... and it is Canada major market.. a lower dolalr means more return on oil on conversion. Quote
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