Quote:
Originally posted by tabasco85331
Raising taxes encourages existing business to move, but even more hurtful, new business never even entertain the thought of manufacturing or headquarters here.
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Canada dropped it's corporate tax rate to nearly zero and it did nothing to keep business here. It just meant they had one less lame excuse when leaving.
It's lack of investment in the very market that keeps them in heavy-duty profits. Canadian firms don't want to pay the "high" wages that we require to enable us to consume all the goods they make. Sometime, this might catch up with them...
(it did in 1929, 1958, 1982 and 1991...)