Current Events > Justin Trudeau says that Canada won't follow the US on tax cuts

(+) Yeah! (+)

Why can't this guy be our President.

In a speech to the World Economic Forum:

"Too many corporations have put the pursuit of profit before the well-being of their workers but that approach won't cut it any more," Mr. Trudeau told the elite gathering at the chic ski resort of Davos. "We are in a new age of doing business you need to give back."

"People have been taken advantage of, losing their jobs and their livelihoods," he said. "All the while, companies avoid taxes and boost record profits with one hand, while slashing benefits with the other."

"We should ask ourselves do we want to live in a world where the wealthy hide in their gated enclaves, while those around them struggle?"

"Asking the wealthy to pay a little more and giving more benefits to those who really need it has resulted in growth that has benefited everyone, that is truly lifting all boats,"

Trudeau says the right things but he's useless. I say this having been very positive about his election as prime minister. He's a let down.

His dad was the shit tho
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CanuckCowboy posted...

Trudeau says the right things but he's useless. I say this having been very positive about his election as prime minister. He's a let down.

His dad was the shit tho

He (pierre) made significant contributions to canadian society, such as the salmon arm salute!
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He's not wrong but he has no edge.

To rich people all he is saying is "Putting your businsess/interests and wealth in Canada is a waste of money."

Why would you "Give back society" in Canada with high taxes and the government down your back if you can go to places all over the world and make bank?

Like it or not the rich have all the power and hold the cards. Going "Hey! You can't hold all the cards at this table" just makes people go to another table.

Just ask Grard Depardieu
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Metro2 posted...

"We should ask ourselves do we want to live in a world where the wealthy hide in their gated enclaves, while those around them struggle?"

And I dunno Mr barely held a job before becoming PM... Did you discuss it with yer buddy the Aga khan on yer vacation to his private sanctuary?
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Loving Trudeau so far. I like that he is taking his time on making massive changes, since it takes a lot of research to know for sure how to properly implement these changes.

Going back on his promise to do election reform definitely stings though.
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NES4EVER posted...

CanuckCowboy posted...

Trudeau says the right things but he's useless. I say this having been very positive about his election as prime minister. He's a let down.

His dad was the shit tho

He (pierre) made significant contributions to canadian society, such as the salmon arm salute!

Exactly!

Also "just watch me".

Pierre was great.
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Jeff AKA Snoopy posted...

Loving Trudeau so far. I like that he is taking his time on making massive changes, since it takes a lot of research to know for sure how to properly implement these changes.

Going back on his promise to do election reform definitely stings though.

His tax reform was either so incompetent or such a blatant lie it was painful.
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please don't hail Justin Trudeau as though he's some shining beacon of progressive policy

he takes a selfie with a member of a marginalized group, big whoop
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The way to have companies give back is by allowing them to retain more of their earnings. Because of the Trump tax cuts, Apple is bringing back hundreds of billions of dollars, paying tens of billions in additional taxes, and they're investing $350 billion to $500 billion in building a brand new state of the art campus over the next five years. They'll be hiring 20,000+ highly paid employees at that new site, which will funnel hundreds of millions of dollars in tax revenue per year into that location and the surrounding areas.

It's a win-win situation. Companies keep more of what is theirs, and communities receive more tax revenue.

Other companies are following along with increasing compensation and benefits. Just search for "Trump tax cuts" in the search bar and you'll see. Trudeau has no idea what he's talking about, and he's just peddling dog-whistle rhetoric to the crowd that loves virtue signaling. In reality, you can't expect companies (big or small) to plant and integrate themselves into your community if you shaft them through tax law.
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It isn't shafting anyone when you have tax law that is fair.

Here's the truth of the matter. Corporations are only going to "help" anyone as long as they can justify it as the price for looking good. If they can cut costs without getting negative press, of course they are going to do it. They aren't beholden to anything beyond their share holders and investors. Hell, they aren't even beholden to their employee's, as they are just replaceable cogs in a machine.

People in the US have grown up with this fear of government. They were founded on the principals that government is just a necessary evil and to fear any part of that government having too much power. So, instead, a bunch of people are now convinced that corporations will "have your back", as opposed to the government. Don't get me wrong, you shouldn't just blindly trust either group to always do what is objectively "right", but the only ones that are beholden to ANYBODY is government officials, since at least we get a vote on them.

As a Canadian, I definitely fucking trust the government to take care of me if I cannot for some time more than I do a corporation.That is their job, it is not the job of corporations.
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There's a lot of assertions in your post, Jeff. Assertions not backed by data or any type of evidence. I provided specific examples that you could easily verify via a quick search. The evidence on hand is showing that the Trump tax cuts have been successful in revitalizing the economy and prompting substantial investment from top companies. That investment is a commitment for the long term, especially in the case of companies like Apple that are bringing back hundreds of billions and looking to invest hundreds of billions.

So clearly we're doing something right and we'll be enjoying the fruit of all of that labor while you keep asserting things without evidence.
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*Cue mass exodus of Canadian HQs into the USA*
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UnfairRepresent posted...

Why would you "Give back society" in Canada with high taxes and the government down your back if you can go to places all over the world and make bank?

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I voted for and still like Trudeau, but I wish he fucked around a little bit less.
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Cpt_Pineapple posted...

he's just not ready

Nice hair though
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Spooking posted...

Metro2 posted...

"People have been taken advantage of, losing their jobs and their livelihoods," he said.

Maybe you tax them too much?

Or the fact that he likes to tout how Canadians are ready to join in combating climate change, as if he's compartmentalizing how that would rob many of his own countrymen their jobs and livelihood, considering how big oil is in certain areas of Canada.

TheGleamEyes posted...

Spooking posted...

Metro2 posted...

"People have been taken advantage of, losing their jobs and their livelihoods," he said.

Maybe you tax them too much?

Or the fact that he likes to tout how Canadians are ready to join in combating climate change, as if he's compartmentalizing how that would rob many of his own countrymen their jobs and livelihood, considering how big oil is in certain areas of Canada.

We can instead pay for those who would lose jobs to be taught how to work in the renewable resource sector and put a lot of jobs into that.

Would we rather slow down on oil now and ease people into the whole "no more oil" left, or do we just keep going until those areas run out of oil and then they are screwed?
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Jeff AKA Snoopy posted...

TheGleamEyes posted...

Spooking posted...

Metro2 posted...

"People have been taken advantage of, losing their jobs and their livelihoods," he said.

Maybe you tax them too much?

Or the fact that he likes to tout how Canadians are ready to join in combating climate change, as if he's compartmentalizing how that would rob many of his own countrymen their jobs and livelihood, considering how big oil is in certain areas of Canada.

We can instead pay for those who would lose jobs to be taught how to work in the renewable resource sector and put a lot of jobs into that.

Would we rather slow down on oil now and ease people into the whole "no more oil" left, or do we just keep going until those areas run out of oil and then they are screwed?

We aren't running out of oil anytime soon. Have fun paying for the massive welfare state with wind power.
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Jeff AKA Snoopy posted...

As a Canadian, I definitely fucking trust the government to take care of me if I cannot for some time more than I do a corporation.That is their job, it is not the job of corporations.

The problem being they totes don't.
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I'm perfectly content with my taxes going up to even 15 percent total.

I grew up in Canada with my taxes in Manitoba at 14%. We did just fine. Then taxes went to 11% here in Saskatchewan and everyone lost their damn minds.

Would you rather have shit be taken care of, or pay 111 for something instead of 110.
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electricbugs2 posted...

I voted for and still like Trudeau, but I wish he fucked around a little bit less.

I voted for him but indifference is the best he deserves tbh
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Jeff AKA Snoopy posted...

I'm perfectly content with my taxes going up to even 15 percent total.

I grew up in Canada with my taxes in Manitoba at 14%. We did just fine. Then taxes went to 11% here in Saskatchewan and everyone lost their damn minds.

Would you rather have shit be taken care of, or pay 111 for something instead of 110.

Uhhhh.... Do you not realize income tax exists?

I'm good with taxing consumption tbh. But yer literally overlooking the majority of the tax you're paying
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CanuckCowboy posted...

Jeff AKA Snoopy posted...

I'm perfectly content with my taxes going up to even 15 percent total.

I grew up in Canada with my taxes in Manitoba at 14%. We did just fine. Then taxes went to 11% here in Saskatchewan and everyone lost their damn minds.

Would you rather have shit be taken care of, or pay 111 for something instead of 110.

Uhhhh.... Do you not realize income tax exists?

I'm good with taxing consumption tbh. But yer literally overlooking the majority of the tax you're paying

I'm trying to find what the rates were in Manitoba at the time as compared to now. I will totally give up the point if income taxes are way higher now... but considering PST and GST were higher back then, I'd be surprised if personal income taxes were super low
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Jeff AKA Snoopy posted...

We can instead pay for those who would lose jobs to be taught how to work in the renewable resource sector and put a lot of jobs into that.

Would we rather slow down on oil now and ease people into the whole "no more oil" left, or do we just keep going until those areas run out of oil and then they are screwed?

You do know Trudeau is the one that pushed Obama/Trump on building the Keystone XL pipeline? You ain't running out of oil anytime soon.

http://www.cbc.ca/news/politics/trudeau-cabinet-keystone-xl-1.3949754

"Trudeau said he has spoken to the new U.S. president twice, and on both occasions he pressed upon him Canada's steadfast support for the $8-billion project, which could carry more than 800,000 barrels of Alberta oil a day to refineries in Texas.

"I reiterated my support for the project. I've been on the record for many years supporting [Keystone XL] because it leads to economic growth and good jobs for Albertans," he told reporters assembled in Calgary for the federal cabinet retreat.

The prime minister said even if the transportation and energy sectors lessen dependence on fossil fuels, there will still be a demand for oil-based products years into the future."

Jeff AKA Snoopy posted...

I'm perfectly content with my taxes going up to even 15 percent total.

I grew up in Canada with my taxes in Manitoba at 14%. We did just fine. Then taxes went to 11% here in Saskatchewan and everyone lost their damn minds.

Would you rather have shit be taken care of, or pay 111 for something instead of 110.

No wonder he won't reduce the taxes. You guys have a low tax rate.

I'm taxed around 30% of my income for federal and state total.
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FLUFFYGERM posted...

Jeff AKA Snoopy posted...

I'm perfectly content with my taxes going up to even 15 percent total.

I grew up in Canada with my taxes in Manitoba at 14%. We did just fine. Then taxes went to 11% here in Saskatchewan and everyone lost their damn minds.

Would you rather have shit be taken care of, or pay 111 for something instead of 110.

No wonder he won't reduce the taxes. You guys have a low tax rate.

I'm taxed around 30% of my income for federal and state total.

Hes referring to sales tax, not income tax.
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