Quote:
Originally posted by blackmercedes
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...)
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i've always wondered about this John, how well do the upper level employees do? Personally I think American business is back asswards as well I can't understand why CEO's of failing companies actually get pay raises.