theFallGuy
BBQ Sketti and IPAs
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- Nov 26, 2008
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Wow, someone could write a post entitled "What Frank Miniter [the author] doesn't want you to know about the differences between the U.S. Congress and Canadian Parliament."
Or "What Frank Miniter doesn't want you to know about Canadian banking regulations."
If Obama tried to adopt the financial regulations here that they have there, Forbes would crucify him.
To achieve this the Harper government did something you might more expect to see in the private sector. Clement made history in Canada by tying bonuses of senior bureaucrats to the success of government-wide objectives for reducing expenditures. Get this, about 40% of the bureaucrats bonuses were linked to a Deficit Reduction Action Plan. Yeah, bureaucrats got bigger bonuses when they proposed ways to make bigger cuts.
Clement explained, Forty percent of this at-risk pay for senior managers was based on how much they contributed to the target of least $4 billion a year in permanent savings. This is just part of how were changing the attitude of government officials from spending enablers to cost containers.
Corporations do not pay taxes, the consumer/customer pays their taxes.
I think we all understand what is being said here. But serious question, if corporate taxes were reduced to zero tomorrow, how much of the corporate windfall would go back to the consumers in the form of large scale price reductions? How much would go to further enrich shareholders?
I think we all understand what is being said here. But serious question, if corporate taxes were reduced to zero tomorrow, how much of the corporate windfall would go back to the consumers in the form of large scale price reductions? How much would go to further enrich shareholders?