HARPER: Forget the debt!

[Battletoads]

Shocking. I'm shocked. Literally shocked. I mean, who would have thunk that the Con's reckless tax giveaways and gambling on natural resource prices would result in an unslayable deficit. Certainly not me.

[cybercoma]

What did they destroy, by cutting the public sector and attacking the deficit.

The only fiscal capacity that's being destroyed is you and your I'll trying to put the kibosh on oil sands exports which would be a large boost to tax revenues and the economy.

What's worse is the economy didn't need stimulating in the first place.

Stop trolling, blueblood.

[cybercoma]

For the record, since you don't seem to know at all, the Conservatives claim they have "cut taxes over 140 times since 2006, reducing the overall tax burden to its lowest level in nearly 50 years."

So tell me again why Canada can't afford anything?

[Boges]

Shocking. I'm shocked. Literally shocked. I mean, who would have thunk that the Con's reckless tax giveaways and gambling on natural resource prices would result in an unslayable deficit. Certainly not me.

Yeah that's why there's a large deficit. Not a result of the economic meltdown or anything.

[jacee]

The only fiscal capacity that's being destroyed is you and your I'll trying to put the kibosh on oil sands exports which would be a large boost to tax revenues and the economy.

Short term gain, long term pain.

Canadians have clued in that oil sands development, as currently conceived, is all about privatizing profits and "socializing" costs ... a fancy way of saying the rich get richer and the taxpayers pay the bill for environmental damage.

And clearly, Harper has decided to "socialize" Canada's debt far beyond his tenure.

[Smallc]

For the record, since you don't seem to know at all, the Conservatives claim they have "cut taxes over 140 times since 2006, reducing the overall tax burden to its lowest level in nearly 50 years."

And it was already lowered significantly under Chretien and Martin. Taxes are definitely low enough at the federal level now.

[CPCFTW]

And it was already lowered significantly under Chretien and Martin. Taxes are definitely low enough at the federal level now.

Maybe income taxes... Corporate taxes need to keep dropping, preferably to 0%.

[Smallc]

Corporate taxes have been more than halved federally. We need a way to collect revenue. 0% is unrealistic.

[blueblood]

Stop trolling, blueblood.

You first

[CPCFTW]

Corporate taxes have been more than halved federally. We need a way to collect revenue. 0% is unrealistic.

Corporate taxes account for 32B out of 209B total tax revenue. Personal income tax is 125B, and sales tax is 31B.

It's quite realistic if cutting corporate taxes induces any kind of growth in employment and wages (thereby increasing personal tax revenue and reducing social expenditures). Furthermore, with our progressive taxation, personal income tax revenue increases very quickly with wage growth.

[Smallc]

Taxes are better collected from a variety of sources. Corporate taxes are one of those sources, and are reliable.

[Sleipnir]

Some of the highest taxed countries in the world are also the happiest.

[login]

First off you have to cut the budget. Too many federal service employees which in turn cost many millions more for benefits and pensions.

Very little of the budget is actually required. If they just attacked the debt there would be collatoral earnings simply by removal of the debt.

Just make business pay for the services they need. The cost of doing business. Get rid of the paper and put it online.

Put the military to work like in Afghanistan back in Canada.

Self fund the prison system with prisonner labour.

These things are no brainers.

Meanwhile let people pay for the services they want.

Offload poverty services to the provinces except for self funded crown corps.

Offload the debt to the public, then earn income by imposing a "Canadian Tax" for all immigrants, and increase residency fees.

start killing off income tax from the bottom up by shaving off percentage.

The old way of doing business won't solve yesterdays problems.

Meanwhile inflate the Canadian dollar through printing after debt held in canadian dollars is all that is left to pay for any costs that arn't covered by donations and fees (that is pay off foreign currency debt first),

And a public bank managed by the government with high interest savings accounts for pensions accounts, that the interest can be tapped on retirement.

Further a wealth export tax at 40% when funds leaving the country in a tax year are larger than $20,000 ramped up to the 40% maximum 10% on the first 10k over 20% on the next 20k 30% on the next 30k and finally 40% on anythingover 60k over the 20k limit or more than 80k unless moved through approved merchant bank accounts where goods are coming into the country or for approved business applications or exceptional private circumstances. cash or goods.

One must realize the debt is monetary... not one of goods, Canada has plenty of goods.

Just kill the debt and the issue of the debt is gone.

It is not fair to extort money from the public for purposes of partisan self interest.

Edited October 28, 2012 by login

[cybercoma]

You know, it's frightening how many people think it's so simply just to axe federal service employees. It's as if they have absolutely no idea what these people do and even worse don't care.

[CPCFTW]

Taxes are better collected from a variety of sources. Corporate taxes are one of those sources, and are reliable.

Employment income tax is pretty much corporate tax anyway. Without employment income tax, private companies could pay much less and offer the same disposable income. Labour costs (and prices) could decrease tremendously with lower taxes.

[bleeding heart]

Employment income tax is pretty much corporate tax anyway. Without employment income tax, private companies could pay much less and offer the same disposable income. Labour costs (and prices) could decrease tremendously with lower taxes.

Yes, sell that one to the public at election time: "We're going to lower taxes...so the companies can pay you less..and you'll end up with the same income!"

That might make tents in the pants of a few ideologues, but most people would offer a great big middle finger to that bit of nonsense.

[Topaz]

To help Canadians get jobs and not brought in foreigners, the NDP, I heard say, they would like to bring in the apprenticeship and to get business to help create more jobs. Since business is seating on 1 Trillion dollars, thanks to corporate taxes, it would be nice he they did their job by hiring full-timers.

[login]

You know, it's frightening how many people think it's so simply just to axe federal service employees. It's as if they have absolutely no idea what these people do and even worse don't care.

This is just a cosmic teapot argument.

Of course 80+% of the federal service is unneeded.

They go to office buildings and do nothing constructive, waste office supplies and talk to people. The same as pretty much any other office worker.

Is there some mysterious mining operation going on underneath those buildings I'm not aware of?

Or are they the ones behind importing Chinese Slave Labour for mining operations in BC?

The Chinese would have done that themselves.

Lets look at some of these Job postings

Business Analyst, Analytic Environment Business Support

Bank of Canada

"WE AT THE BANK OF CANADA COUlD USE AN iDEA ON WHAT THE HECK IS GOING ON." Pulse, is tehre a pulse, it can't be happening.

"We need a second opinion on figuring out what planet Mr. Flaherty is on?"

Post Office Assistant

Canada Post Corporation

"People are too lazy to pick stuff up themselves"

"Canadian government won't buy sorting machines"

Senior Program Officer, Knowledge Translation

International Development Research Centre

"We arn't sure where we should spend money" Anyone unemployed able to lend a hand?

Administrative Support Receptionist (bilingual, one-year term) Farm Credit Canada

"Anyone speak farmer?"

Compensation and Benefits Advisor Department of Finance

"No you tell them" $53,308

Detachment Services Assistant 3 Royal Canadian Mounted Police (Civilian Staff)

"Cops don't do paperwork." $48,419

Field Epidemiologist Public Health Agency of Canada

Are they sick? 72,928 to $84,122

$114,225

Do doctors not exist for a reason?

Health Services Officer Royal Canadian Mounted Police (Civilian Staff) Vancouver

$178,833

someone to tell mountieshow to be healthy.....

Inuit Development Program Officer Aboriginal Affairs and Northern Development Canada Iqaluit

$74,512

Someone to develope and deliver programs...

Laboratory Chemist II Department of Health Longueuil

$54,786

Americans arn't good enoughfor food inspection anymore.

Transcription Services & Client Support Royal Canadian Mounted Police (Civilian Staff) Surrey

$53,308

mounties don't do paperwork

Decommissioning Field Specialist Atomic Energy of Canada Limited

Chalk River

must clean up research reactor and dispose of it where liberals are

Field Labourers (Inventory) Agriculture and Agri-Food Canada Brandon, Morden $20.74 per hour

I bet they could be paying mexicans less to bring in the crops:

Experience in the operation of farm equipment.

Experience working with crops

My gosh welfare folk could be put to task farming for less.

My gosh that is like 28 hours of work in a month to equal manitoba's welfare rate. They should channel direct from the provincial rolls. This is so close to being productive... of course this is "for research" how about you just grow the food instead and feed people with it? I think we understand how food grows, there are plenty of university students who will pay to do this 'research' stuff... + why is the federal government paying for research on seeds? Monsanto's probably already done it.

" Editor Canadian Security Intelligence Service

Ottawa

$73,100 - $88,950

"this one is funny, we must employ someone to edit our terrorism advisories" cause we can't peer review

This one is funny too

2013-03-29 Surveillant Canadian Security Intelligence Service Various Locations

Need spy, but posted no where specifically..

Edited October 29, 2012 by login

[dre]

Corporate taxes account for 32B out of 209B total tax revenue. Personal income tax is 125B, and sales tax is 31B.

It's quite realistic if cutting corporate taxes induces any kind of growth in employment and wages (thereby increasing personal tax revenue and reducing social expenditures). Furthermore, with our progressive taxation, personal income tax revenue increases very quickly with wage growth.

The problem is tax cuts have virtually nothing to do with economic growth. The reason that supply-side economics has been such an unmitigated failure is pretty simple. Corporations will only hire more workers if they think demand for their products is growing, and tax cuts for corporations do next to nothing in terms of increasing aggregated demand.

Anybody that actually runs a business should get this. If you hire new workers or manufacture more products simply because your taxes have been cut then you are an idiot, and your business wont last long.

To help Canadians get jobs and not brought in foreigners, the NDP, I heard say, they would like to bring in the apprenticeship and to get business to help create more jobs. Since business is seating on 1 Trillion dollars, thanks to corporate taxes, it would be nice he they did their job by hiring full-timers.

They WONT. Thats why supply-side economics has been such a failure. And why on earth would they? You hire new workers, produce more products, and build more facilities ONLY when you predict increased demand for your products/services. If thats not the case then you should NOT hire new workers whether you are taxed at a rate of 50% or 0%. It makes sense for businesses to just sit on this money. It was stupid for us to think they would do anything different. If you want to increase demand and growth then cut taxes for consumers not corporations.

[login]

The only flaw is that we don't need more crap.

The solution is just to make money and give it to poor people.

Then poor people who do need stuff will buy it. and you have that demand go up.

and then the unemployed(likely the poor people) won't need free money anymore.

Edited October 29, 2012 by login

[cybercoma]

The problem is tax cuts have virtually nothing to do with economic growth. The reason that supply-side economics has been such an unmitigated failure is pretty simple. Corporations will only hire more workers if they think demand for their products is growing, and tax cuts for corporations do next to nothing in terms of increasing aggregated demand.

Anybody that actually runs a business should get this. If you hire new workers or manufacture more products simply because your taxes have been cut then you are an idiot, and your business wont last long.

They WONT. Thats why supply-side economics has been such a failure. And why on earth would they? You hire new workers, produce more products, and build more facilities ONLY when you predict increased demand for your products/services. If thats not the case then you should NOT hire new workers whether you are taxed at a rate of 50% or 0%. It makes sense for businesses to just sit on this money. It was stupid for us to think they would do anything different. If you want to increase demand and growth then cut taxes for consumers not corporations.

The irony about all of these supply-side champions on the forum is that supply-side economics was meant as a way to increase government revenue so they could fund federal programs.

Step 1: Cut corporate taxes

Step 2: Economy grows

Step 3: Collect more revenues|

Except, what as happened is that the cut in corporate taxes has put more of a burden on the middle class, kllling aggregate demand. That means the economy doesn't grow and companies don't know where to invest because demand is dead. So they sit on their piles of money waiting for the people without money to start spending.

Great system.~

Edited October 29, 2012 by cybercoma

[blueblood]

The irony about all of these supply-side champions on the forum is that supply-side economics was meant as a way to increase government revenue so they could fund federal programs.

Step 1: Cut corporate taxes

Step 2: Economy grows

Step 3: Collect more revenues|

Except, what as happened is that the cut in corporate taxes has put more of a burden on the middle class, kllling aggregate demand. That means the economy doesn't grow and companies don't know where to invest because demand is dead. So they sit on their piles of

money waiting for the people without money to start spending.

Great system.~

We are only sitting on piles of money because of all the unpredictability there is in the world right now. Nobody in their right mind is making decisions like hiring anybody because nobody knows what the regulatory regime will be like in a few years and the economic situation of Europe and the USA.

One only needs to look at how well cutting rates in Canada has gone in improving our economy. When there was stability and rate cuts happened, businesses grew more and hired more. One could also look what happened in the oil patch when stelmach raised rates and wall dropped his.

If you put the screws to the corporations by jacking up the rates, they take their business elsewhere, ask stelmach. Unfortunately many people in the USA are going to learn his lesson the hard way when unfortunately Obama gets re elected. Why people want to go with the Chavez style economy is beyond me.

[blueblood]

The only flaw is that we don't need more crap.

The solution is just to make money and give it to poor people.

Then poor people who do need stuff will buy it. and you have that demand go up.

and then the unemployed(likely the poor people) won't need free money anymore.

Ask Mugabe what happened when he tried that. One million dollar bank notes anyone?

[login]

The vital missing link blueblood is that you get the people you pay to do productive work.

This step allows the economy to realign itself to meet everyones needs rather than waste production and luxury.

Edited October 30, 2012 by login

[PIK]

The irony about all of these supply-side champions on the forum is that supply-side economics was meant as a way to increase government revenue so they could fund federal programs.

Step 1: Cut corporate taxes

Step 2: Economy grows

Step 3: Collect more revenues|

Except, what as happened is that the cut in corporate taxes has put more of a burden on the middle class, kllling aggregate demand. That means the economy doesn't grow and companies don't know where to invest because demand is dead. So they sit on their piles of money waiting for the people without money to start spending.

Great system.~

Notice last week in the papers a chinese airplane part company lost their contracts, because they could not keep up. The company moved it's business to Ireland, a country with one of the lowest coporate taxes in the world.