Thursday, October 16, 2008

Corporate Tax Cuts and More Imperialism

The Harper-cons and the Liberal rump agree on many things. Corporate tax cuts that will contribute absolutely nothing to the economy will pass, as will any of Harper's plans to back up any of the USA's future imperialist fantasies.

Now that he's been safely, if needlessly re-elected, Harper is back to form, stealing policies he derided, and putting "the troops" (tm) back into combat now that there's no election and Stephen Harper electoral fortunes that their deaths could jeopardize. Harper can also sign-on for any further US American imperialist fantasies, and he can also break his promise about 2011 if he chooses, because the Liberals are all up on such murderous nonsense.

3 comments:

Stephen Gordon said...

What's wrong with corporate tax cuts?

thwap said...

As I've said elsewhere (often in discussion with you): In a political-economic system where corporate decisions include strong worker/union participation on employment, introduction of new technology, wages, and where governments have real regulatory power, corporate tax cuts can mean genuine investment in production.

Here in Canada, they'll mean profit-taking and empty financialization, with no net gain for the society.

You can explain to me Canada's falling productivity after decades of tax-cuts.

Stephen Gordon said...

How do you know that productivity wouldn't be worse without those corporate tax cuts?

(And for crying out loud, can you please please please shut down the comment moderation? Typing out those damn code thingies twice over is a royal pain.)