Wednesday, August 24, 2011

Firms have record $800 billion of cash but still won't hire

 A couple of great posts that face the issues and tell the truth about trickle down economics and how BC politics is in a Mess. The first is over at The Straight Goods, he speaks the truth without holding back and as a result, makes us think. This post certainly did this for me.  The second is an article that I saw through Accidental Deliberations another progressive blogger who posts some interesting ideas and does not hold back his punches. The article he references the title. Here an excerpt from his post

Tom Mills challenges the Cons to show any job creation whatsoever as a result of their non-stop corporate tax slashing:
The thing is, if corporate tax cuts really do create jobs, Flaherty should be able to demonstrate it by now with something a little more substantial than theories.
Canada's corporate tax rate has dropped incrementally from 22.1% in 2005-06 to 16.5% today. The government should be able to track what jobs this has created.
Show us the jobs, I'd say. And show us full-time industrial jobs, not part-time service ones. Private sector, not civil service.

Otherwise, maybe we should give trickle-up economics a try.

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