Conservatives good for the Economy?

[greatshark]

I see people ignoring all of these issues that bijou raised and simply will vote for Harper because of the economy.

What I don't understand is that Harper claimed in the 2008 election campaign (the election he called himself and in doing so broke his election law) that there would be no deficit, even though all economists were claiming that Canada would be heading into deficit. Harper lied.

Harper has now run up the largest deficit in Canadian history.

Why do people want someone who follows the disatrous economic policies of the likes of George W Bush - that caused the global economic crisis?

Why do people still think that neo-con policies of deregulation and tax cuts to the corporations are good economic policy when you just have to look at the economic situation of the US and Ireland (which has the lowest corporate tax rate and foolishly followed the deregulation policies of the US).

 

[carvesg]

Because 99.9 % of people don't understand macro economics and what make an economy great . Even those who had macro economics courses tend to forget about it for short term gain if you are in business and specially if you get elected (Lobbies "The force is strong with them )

 

[badbadboy]

 

[Tugela]

They are not good for the economy, they are good for big business and rich people, which is not the same thing. They would have you believe that it is, but it is a lie. They don't really have a plausible plan for growing the economy, their plan is to make some people richer and hope that that somehow does something. Which is good for those people I'm sure, but not in everyone else's best interests.

As long as it is not done frivolously, whether government helps out the rich or helps out the poor makes no difference as far as the economy is concerned. Focusing on poor people without due consideration to how things will be paid for or how constructive that aid is is poor economics, but the same argument applies when the focus is on helping out the rich. In both cases the focus group will get richer, but if the focus is not prudent and constructive, in both cases it will damage the economy rather than grow it.

 

[Arcticknight]

Time and again, Harper talks about how the conservatives are the only party that is good for the economy. How any other party will ruin our economy. He says that the conservatives have helped the economy. It seems to be ignored that one of the major reasons that Canada survived the recession as well as we did was because of the regulations put on Canadian banks decades ago. They were regulated from performing the kind of shady deals that banks south of the border did which started the recession for the most part. In fact, Harper has done nothing but put this country so deep in debt. The national debt has never been this high. And for what? Projects that only happened mainly in ridings that are conservative. I dread what would happen to Canada if Harper got a majority. I would rather see a "coalition" then see him have a majority.

 

[InTheBum]

Do we really have a choice? I mean come on do we? Have we not been talking about the same freaking issues forever? I will be voting Liberal but are they the be all end all? I highly doubt it.

I won't be voting because the Bilderberg's already have a plan to destroy the world economy, implement martial law, destroy currencies, and wipe out 90% of the world population...

 

[InTheBum]

85% = 2%

When you realize that 2% of the people are paying 85% of the tax revenue gov't sees...you realize that the majority of the people in the economy are useless ticks...

 

[Rafa93210]

So how do you reconcile that statement with the statistics provided by Revenue Canada?

http://www.cra-arc.gc.ca/gncy/stts/gb08/pst/fnl/html/st2ca-eng.html

 

[chilli]

So how do you reconcile that statement with the statistics provided by Revenue Canada?

http://www.cra-arc.gc.ca/gncy/stts/gb08/pst/fnl/html/st2ca-eng.html

So 6 million Canadians earned over $500,000?

That doesn't seem right.

 

[HankQuinlan]

Most won't be people, most are larger corporations. The 250K> would be people and small business - - the 500K> would mostly be corporations - - This is lobbyists in action - a small political donation and ownership of the media gives you much less to pay in taxes.

The page leading to those tables says: "The reports contain Tables 1 to 12, which is the complete series. They use data from personal tax returns filed two years earlier. For example, the 2007 edition analyzes returns from the 2005 tax year, which had to be filed by the end of April 2006."

Doesn't this mean individuals, rather than corporations?

This chart seems to list corporate tax results, but I confess that I am not able to understand it:

http://www.cra-arc.gc.ca/gncy/stts/gb04/pst/t2/tbl1-eng.html

 

[bcneil]

The Cra table doesnt make a lot of sense, it must have businesses blended in?
Even in the smaller income brackets?

It says total returns filed just under 25 million.
Thats more than individuals that actually file, probably more than individuals and business returns as well.

 

[sonoman]

Short answer: 'No'.

As for corporate (and other) tax cuts, they're of no use unless the money saved is being reinvested in the economy (i.e. increasing capital stock, etc) - and that's not currently the case.