b_b: Canada, the Cato institute's wet dream?! Who knew the Cato institute was for dramatically stricter bank regulation, universal health care, and higher marginal income tax rates? Notice in their story they leave these inconvenient facts out of their analysis. Universal health coverage takes tons of pressure and cost off business, tougher bank regulation has helped them avoid the calamities of the last four years, and their higher tax rates have prevented a lot of the wealth aggregation that harms spending here.
I don't think anyone here would argue with a flat 15% corporate income tax if that were really the rate. Our 35% nominal rate is not really our rate. With all the loopholes and deductions the average rate is something around 17%, except that some companies pay a lot and some get giant refunds (like GE getting $3B back a couple years ago). Its silly, and doesn't make sense.
Living in a border town, I do miss the days of the norther peso, however. Used to be worth making the trip across the border to go shopping :/
posted 4347 days ago