Occupy Wallstreet

[Professor S]

Originally Posted by Typhoid

The reason we in Canada probably have/need a smaller corporate tax rate (I'm currently trying to find the rate itself) is because we have 1/10th the population, therefore we have (let's assume) 1/10th the corporations. Being that corporations do indeed actually create jobs with some form of wealth in a centralized location (A city, opposed to rural people with rural jobs), we want to entice more of them to come here. The way you do that is to lower taxes. And I can see them lowering it a little more in Canada, with the talk of raising American corprorate tax rates, because then some corporations will surely (I assume is the goal) come north and set up here, and hire Canadians.

So why does it make sense for Canada to lower taxes to attract jobs, but when American companies complain about high corporate taxes it's:

And on the other hand, the business owners getting all "well maybe I'll just close my business down and then fire 150 people. Let's see what that does." Very fucking mature, rich Dempublicrats. "If you raise my taxes, I'll quit!".

That is the new American way. Fuck all that "American ingenuity and stick-to-it-ivness". Now it's good 'ol fashioned "American taking your ball and going home."

Logically, it makes sense for Canada to have low taxes to attract businesses. Logically, it makes sense for America to lower taxes to attract businesses. I fail to see why what is good for the goose fails to be good for the gander.