Raptors Forum | Toronto Raptors Forums & Message Boards - View Single Post - RF Election!
Thread: RF Election!
View Single Post
Old 04-15-2011, 01:25 PM   #85 (permalink)

giant steps
'trane's Avatar
Join Date: Dec 2007
Posts: 15,190

you are arguing for trickle-down economics and the reagan philosophy of tax breaks. the reality of this is that those breaks do not trickle down. they are absorbed as profit, and we have seen it time and time again. take a look at the aftermath of the financial bailouts, which is essentially the same thing - money given by government to save troubled institutions. and once they recover they pay out huge bonuses and nothing goes back into the economy except as conspicuous consumption by the same people that took home the increases.

this is not to say that the bailouts were unnecessary, nor that corporate taxes should be excessively high. rather it suggests that we need to strike a balance there, and as individuals are getting hammered and marginalized people are really suffering at increasing rates, now is not the time to be giving corporate execs more take home pay.

the ndp plan of tax breaks for hiring new employees is an attempt at getting to the bottom of that - giving tax breaks for things that actually do create jobs and redistribute wealth. simply giving that break on gross revenues is wrong-headed, and with serious consequences. i will add that i am not campaigning for the ndp and do not plan to vote tfor them this year. i am merely rebutting your opposition to what they proposed earlier in this thread.

just remember, benzo, that with the financial values that you vote for comes social values too. that's where the insidiousness of the cpc platform lies. and i don't mean soft social values like gay marriage, i mean hard social values like the foundational ecenomic elements of our most vulnerable community members.
'trane is offline   Boss Key Wife Key