Corporate tax cuts are not working

Corporate tax cuts are not working

taxslave

No Party Affiliation

#151

Re: Corporate tax cuts are not working

Feb 7th, 2012

Quote: Originally Posted by mentalfloss

Mark's Work Wearhouse pulls Caterpillar-brand boots from London, Ont. stores

A national clothing chain has pulled Caterpillar-brand boots from its London, Ontario stores, after the heavy-equipment giant shut down their electro-motive facility in the city.

Mark's Work Wearhouse says it is showing support for the hundreds of workers who have lost their jobs at Caterpillar's electro-motive facility

The retailer announced the move on its Facebook page Saturday, just shortly after the U.S.-based company revealed its plans to close the plant following a labour dispute.

--

That's either really funny or down right stupid. Caterpillar does not manufacture boots. The boots are made in CHina or Vietnam and just pay a royalty for the trademark.
Mow if they quit carrying the boots to protest child labor in China I could understand it.

Cannuck

No Party Affiliation

#152

Re: Corporate tax cuts are not working

Feb 7th, 2012

Quote: Originally Posted by taxslave

... and just pay a royalty for the trademark.

Which benefits Cat. Smart move by Marks

mentalfloss

No Party Affiliation

#153

Re: Corporate tax cuts are not working

Feb 7th, 2012

Quote: Originally Posted by Walter

Good marketing move. Bloody capitalists.

It's interesting that you support some "capitalist" initiatives and not others.

Monkey want a chiquita banana?

captain morgan

Bloc Québécois

#154

Re: Corporate tax cuts are not working

Feb 7th, 2012

Quote: Originally Posted by mentalfloss

it's interesting that you support some "capitalist" initiatives and not others.

s-a-r-c-a-s-m

Last edited by captain morgan; Feb 7th, 2012 at 09:06 AM..

mentalfloss

No Party Affiliation

#155

Re: Corporate tax cuts are not working

Feb 7th, 2012

[QUOTE=captain morgan;1543983][QUOTE=mentalfloss;1543980]It's interesting that you support some "capitalist" initiatives and not others.

QUOTE]

S-A-R-C-A-S-M

QUOTE]

I-N-T-E-R-N-E-T

winniethepooh

#156

Re: Corporate tax cuts are not working

Feb 7th, 2012

Quote: Originally Posted by mentalfloss

Of course.

And the government knew that they would take the tax breaks and run.

Really, how so... (what money actually)

Quote: Originally Posted by CDNBear

Me neither, but I heard it was in the neighbourhood of $5 million delivered in 2008, by none other than Harper himself.

The 5 million was a tax break for the purchasers of the equipment, not the company. The company got tax breaks implmented in the 2008 budget for capital investments which effected other companies, not just EMD.

Caterpillar didn't own the company when the capital investment tax breaks (which all parties voted for) were implemented, and besides (and sorry if this is repetition) EMD was never a Canadian owned company. Maybe the Canada investment act needs to be revisited in order to determine how Canadian gov't can stop the sale of one U.S., company to another.

The U.S. gov't is replacing it's old engines but under Obama's law, they must be made in the U.S. If Caterpillar knew this before they bought EMD, it would explain why they bought it with the express purpose of moving. I'm not sure when the made in U.S. requirement was passed.

captain morgan

Bloc Québécois

#157

Re: Corporate tax cuts are not working

Feb 7th, 2012

Quote: Originally Posted by mentalfloss

It's interesting that you support some "capitalist" initiatives and not others.

QUOTE]

S-A-R-C-A-S-M

QUOTE]

I-N-T-E-R-N-E-T

Sorry Flossy, I forgot.

You're still in the habit of using liquid paper on the screen, eh?.. Intuition and interpretation have never been your strong suit.

mentalfloss

No Party Affiliation

#158

Re: Corporate tax cuts are not working

Feb 7th, 2012

Quote: Originally Posted by captain morgan

Sorry Flossy, I forgot.

You're still in the habit of using liquid paper on the screen, eh?.. Intuition and interpretation have never been your strong suit.

You just stick to bumping my threads and we'll all have a good time, lol

captain morgan

Bloc Québécois

#159

Re: Corporate tax cuts are not working

Feb 7th, 2012

Atta boy MF... You keep on finding that silver lining!

DaSleeper

#160

Re: Corporate tax cuts are not working

Feb 7th, 2012

Quote: Originally Posted by captain morgan

Atta boy MF... You keep on finding that silver lining!

If nobody posts on his multiple threads...he bumps them himself...
I seem to recall he was the one complaining about Locutus posting all these threads about the OWS ...

But it's OK for him to post a lot more on Harper

Since he loves picture messages.....

captain morgan

Bloc Québécois

#161

Re: Corporate tax cuts are not working

Feb 7th, 2012

Too bad that he isn't prepared to defend a position... But that would require actually stating a position in the first place.

mentalfloss

No Party Affiliation

#162

Re: Corporate tax cuts are not working

Feb 7th, 2012

Quote: Originally Posted by captain morgan

Too bad that he isn't prepared to defend a position... But that would require actually stating a position in the first place.

To the letter, you have not succeeded in discrediting my claim that corporate tax cuts are not helping the economy.

CDNBear

#163

Re: Corporate tax cuts are not working

Feb 7th, 2012

Quote: Originally Posted by winniethepooh

The 5 million was a tax break for the purchasers of the equipment, not the company. The company got tax breaks implmented in the 2008 budget for capital investments which effected other companies, not just EMD.

Ya, we established that already.

L Gilbert

No Party Affiliation

#164

Re: Corporate tax cuts are not working

Feb 7th, 2012

Quote: Originally Posted by mentalfloss

To the letter, you have not succeeded in discrediting my claim that corporate tax cuts are not helping the economy.

They generally do, but the effect is minimal. More money in rich pockets usually translates to them buying a little bit more stuff like toys and shares.

captain morgan

Bloc Québécois

#165

Re: Corporate tax cuts are not working

Feb 7th, 2012

Quote: Originally Posted by L Gilbert

They generally do, but the effect is minimal. More money in rich pockets usually translates to them buying a little bit more stuff like toys and shares.

It's always tough to assess the effects on a comparative basis. By in large, I believe it's fair to suggest that the gvt is hoping to stimulate some activity in a sector/industry by changing the economics. Depending on what fiscal model(s) you happen to support, the move can be good, bad or indifferent and have a variety of affects in the short, medium and/or long term.

In the end, there are simply too many combinations of fiscal programs and possible outcomes for anyone to state (definitively) what works and what doesn't.

Liberalman

#166

Re: Corporate tax cuts are not working

Feb 12th, 2012

Quote: Originally Posted by TenPenny

Next thing you know, Canadian Tire will pull all Chinese-made goods off their shelves in favour of Canadian-made items.

Right. Like that would ever happen.

CAW lost the Caterpillar company for cheaper pastures and it was the CAW that fought GM many years ago for the right of union workers to have a choice on what foreign made car they drive to work and park on the GM lot as opposed to driving the company car.
We have to remember that CAW broke away from the UAW because of Canadian needs

L Gilbert

No Party Affiliation

#167

Re: Corporate tax cuts are not working

Feb 12th, 2012

Quote: Originally Posted by captain morgan

It's always tough to assess the effects on a comparative basis. By in large, I believe it's fair to suggest that the gvt is hoping to stimulate some activity in a sector/industry by changing the economics. Depending on what fiscal model(s) you happen to support, the move can be good, bad or indifferent and have a variety of affects in the short, medium and/or long term.

In the end, there are simply too many combinations of fiscal programs and possible outcomes for anyone to state (definitively) what works and what doesn't.

I agree. Some companies actually use the tax benefits towards productive issues. But, for instance, as we saw with DUHbama's padding corporations and companies, a lot of it went towards high-position bonuses and not much of anything else. Those bailouts weren't tax cuts, but the same effect occurs.
That's why I would much rather see research and development grants and stuff like that than see anyone messing with taxes. There are still problems with things like favoritism and other things, but the effects are more significant. And even then there are exceptions.

mentalfloss

No Party Affiliation

#168

Re: Corporate tax cuts are not working

Feb 17th, 2012

Canada's inflation more than expected in January

OTTAWA — Consumer prices rose more than anticipated in January as the annual inflation rate hit 2.5 per cent, Statistics Canada said Friday.

That was higher than the 2.3 per cent rate seen in December, a rate that economists polled by Bloomberg had predicted would remain last month.

Among some of the big drivers of inflation in January were price hikes of 4.2 per cent, year over year, for food, and 6.5 per cent for energy.

Within the energy category, gasoline prices were up 6.8 per cent from a year earlier, a smaller gap than the 7.6 per cent rise seen in December. Electricity prices were up 7.3 per cent; fuel oil costs soared 17.1 per cent from a year earlier' but natural gas prices were down 0.7 per cent.

Transportation costs overall were up 3.7 per cent in January from 12 months earlier. In addition to higher fuel costs, consumers paid 3.4 per cent more in vehicle-insurance premiums and passenger vehicles were priced 1.4 per cent higher.

Canada's inflation more than expected in January

petros

#169

Re: Corporate tax cuts are not working

Feb 17th, 2012

Quote:

Within the energy category, gasoline prices were up 6.8 per cent from a year
earlier, a smaller gap than the 7.6 per cent rise seen in December.
Electricity prices were up 7.3 per cent; fuel oil costs soared 17.1 per cent
from a year earlier' but natural gas prices were down 0.7 per cent.

Blame the polar bears.

mentalfloss

No Party Affiliation

#170

Re: Corporate tax cuts are not working

Feb 17th, 2012

Quote: Originally Posted by petros

Blame the polar bears.

It's supply and demand.

petros

#171

Re: Corporate tax cuts are not working

Feb 17th, 2012

Really?....Who is cutting supply to raise prices?

mentalfloss

No Party Affiliation

#172

Re: Corporate tax cuts are not working

Feb 17th, 2012

Quote: Originally Posted by petros

Really....who is cutting supply to raise prices

Limited resources.

There's only so much dino blood in the ground. And as we take out more, prices go up!

An unfortunate fact you have to live with.

petros

#173

Re: Corporate tax cuts are not working

Feb 17th, 2012

Really? How so?

mentalfloss

No Party Affiliation

#174

Re: Corporate tax cuts are not working

Feb 17th, 2012

Quote: Originally Posted by petros

Really? How so?

If it's too complicated for you to understand, maybe you should just stay in the special room.

petros

#175

Re: Corporate tax cuts are not working

Feb 17th, 2012

Oh come on flossy, you can do better than that. Explain these shortages that are driving inflation. Are you sure my electricty rates didn't go up to save polar bears by to building carbon capture systems on my power plants to increase oil extraction?

captain morgan

Bloc Québécois

#176

Re: Corporate tax cuts are not working

Feb 17th, 2012

Quote: Originally Posted by petros

Oh come on flossy, you can do better than that.

You really think so?

petros

#177

Re: Corporate tax cuts are not working

Feb 17th, 2012

One can hope.

P.S. Did you know polar bears are omnivores?

mentalfloss

No Party Affiliation

#178

Re: Corporate tax cuts are not working

Feb 17th, 2012

petros

#179

Re: Corporate tax cuts are not working

Feb 17th, 2012

Save the polar gingers!

captain morgan

Bloc Québécois

#180

Re: Corporate tax cuts are not working

Feb 17th, 2012

Quote: Originally Posted by petros

One can hope.

P.S. Did you know polar bears are omnivores?

Interesting... I hear that ruffage is very good for you.

One might even make the argument that global warming will offer them a veritable buffet of vegetarian options.

Hmmm.. Interesting, non?

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