Make Democracy Actually Matter

Re-printed with permission from Richard Weald

Make Democracy Actually Matter

Elections Canada says that “Voting does not require a lot of time or effort – in other words, it is one of the easiest ways to have a say in how your society is governed.” I just want to express how totally I disagree with this in the light of our latest federal election.
Voting should probably be one of the hardest things for you to do. To understand issues, do your own research and to really make an informed decision, a person has to spend hundreds of hours learning, reading , listening— whatever. Being informed is hard and it takes a lot of effort. When (if) you go out and vote in the next election, please make sure you know what you are really doing when you put a mark next to someone’s name. Don’t do it because that’s what your parents do, or what your friends do, or because that’s what someone else told you to do. Don’t do it because you feel guilty about not voting or because you have a vague affinity for particular party and their buzz words— do it because you have real conviction and you actually believe in something. Continue reading

Corporate tax cuts: Big costs but no job creation

By David Macdonald
Today the CCPA released a study that I authored which examines and debunks one of the biggest contentions of this campaign, that corporate tax cuts create jobs. One of the key reasons cited by the Conservatives for continued corporate tax cuts is that they are needed to encourage job growth.
To examine this contention, I took Canada’s biggest public companies, those on the S&P/TSX Composite and tracked them over the past decade to see how their taxes and profits changed. At the same time, I also tracked how many employees they had and therefore the number of jobs they created. These are the companies that benefit the most from corporate tax cuts because they declare the largest profits.
There were 198 companies that had data from 2000 through 2009. What readers should find shocking is just how dramatic the transformation in corporate taxation has been in the past decade. The effective tax rate for these successful companies has been cut in half. Imagine if, as an individual, your personal income taxes had been cut in half over the past decade. Well, that’s what happened in corporate Canada.


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