(December 27, 2009 at 1:24 am)Pippy Wrote: but business tax is very, very low. Over here in Canada they have taken a page from the Americans and pay about 2% income tax. With offshore tax evasion, and free trade loop holes, corps pay a lot less tax than individuals. I would say increase business tax, or at least force them to comply to the current rate like they do the citizens.
But that would be a tight little idea, I like it. It doesn't create money out of nothing, which mars most peoples economic solutions.
All of these modern economic wonders, like globalization, did mean more top end. But we the little guy got no extra money, no extra savings, and no incentive or profit. It could be cheaper to make things on a global scale, but that has only gone to make the ceo and policy makers much richer.
The same old problem with consolidation of wealth.
That low? That's insanely low... No wonder the government needs monetary bribes from special interest groups to fund things...
Here the lowest tax bracket is 18% going up to 33% and businesses pay around 23%.
So here it would be effective, lower business tax to 18% while increasing the minimum wage significantly and making a mandatory increase to all wages and salaries with the remaining amount saved in lower taxation. The government wouldn't be losing too much money, businesses wouldn't notice much of a hit in their book and minimum wage earners get a significant boost with a small increase to the rest of the workforce.
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