Don't matter how productive they are. If the company is loosing money it will soon go bankrupt and there will be no jobs. Unless you favor corporate bailouts.
Corporate tax cuts are not working
- Thread starter mentalfloss
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Don't matter how productive they are. If the company is loosing money it will soon go bankrupt and there will be no jobs. Unless you favor corporate bailouts.
Exactly.
Government should have the freedom to regulate these businesses or provide them incentives, but needs to be transparent to the taxpayers and general public that making a decision either way is in our interest, fiscally.
We're talking about Caterpillar here.
Funny. That is exactly what we said about previous Liberal governments.
So you're saying Caterpillar is too big to go bankrupt? Just like GM? And I forget the name of the one in Germany in the early 80s. How about Goldman Sachts?
I'm sure you'd like it to be, just like the CAW talking heads would like it to be about Cat, but we aren't and it isn't. We're talking about EMD. Because it's about EMD and it's parent Progress Rail.
Cat is a completely separate entity. That had no ties to EMD when EMD's customers were given a tax break.
My neighbour Henry thought he'd spur on the Canadian economy by giving his wife a larger allowance. Didn't work; she spent the increase on costume jewellry from Target stores in the States.
Giving corporate tax breaks is analogous.
Giving corporate tax breaks is analogous.
What he's saying is that Canada should have a 'special' set of rules for companies that are big... A set of rules probably along the lines that legislate that they be a virtual ATM for any national issues to kick in cash above and beyond what anyone should pay.
Ya know, something that will really encourage the big guys to invest billions of hard cash into the economy.
(note to MF: This is sarcasm in case you're confused)
... Unless Henry's wife was prepared to actually build the Target store in Canada and hire a few hundred people.
Then again, by MF's logic; Henry's wife should be punished for traveling to the US and spending money.
Caterpillar did not own EMD at the time the tax breaks were handed out.
Wouldn't that depend on how the tax breaks are structured?
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.
Mark's Work Wearhouse pulls Caterpillar-brand boots from London, Ont. stores - 680News
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.
Mark's Work Wearhouse pulls Caterpillar-brand boots from London, Ont. stores - 680News
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.
Right. Like that would ever happen.
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.
It's interesting that you support some "capitalist" initiatives and not others.
Monkey want a chiquita banana?
Really, how so... (what money actually)
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.
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.
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:roll:
Since he loves picture messages.....
