Burger King and Tim Hortons’ proposed merger ignited calls for more government involvement in failed corporate welfare programs. Happily, a few voices, mainly Republicans, pointed to the real issue that needs addressing: ineffective corporate taxation policies that’s nudging companies to relocate abroad, and causing them to retain significant cash outside the USA.
Public servants, like government ministers, don’t get fired for incompetence and waste. The current poster child of waste and ineffectiveness is former Ontario Premier Dalton McGuinty who along with his rogues slapped a half billion dollar bill on taxpayers to win seats in Ontario’s recent elections. In the process they broke the law by deleting emails. Will they account for the wasting funds and their illegal acts?
After my brother returned from studying at Harvard, and I graduated from Massachusetts Institute of Technology (MIT), my dad warned me to be careful lest I become an educated fool. He stressed that such a person loses touch with reality readily, tends to be ignorant, arrogant, egotistical, and usually alienates people.
Individual Canadians and Canadian Governments took on more debt during the recession. Interest rates have been at historic lows, and can only go up. Will individuals be able to service debt at higher interest rates?