To the editor:
After decades of corporate tax cuts, the figures are in.
It seems that tax has little influence on the job rate. The market place is solely governed by the law of supply and demand.
If the price of oil becomes high enough to reduce demand, the price will fall. A war in Libya threatens the supply and the price shoots up.
Similarly a corporation will only produce the number of widgets that can be sold, for a price the consumer is willing to pay.
If you are still in doubt, the tax rate was 40 per cent 20 years ago. Soon it will be 15 per cent.
Has anyone seen a massive drop in either the unemployment rate or prices in the last 20 years?
So what does a corporation do with the rebate?
First, it increases the "performance" bonuses for its executives, which incidentally have nothing to do with performance. If there is any left over, they pass it on to shareholders.
As it is already producing the maximum number of widgets, it does not hire more people.
In other words, they take from the poor and give to the rich. Of course, the corporations are the major donors to the conservative party.
Incidentally, most aviation experts agree that by the time we buy fighter jets, they will be obsolete. War will be waged by unmanned drone aircraft, which cost less than a shack in Vancouver.
Please do not buy into [Stephen] Harper's rhetoric regarding tax rates and fighter jets and federal prisons. He knows that if he repeats a lie often enough it will be believed. He already has demonstrated a total disregard for democracy even with a minority government.
Folks, you ain't seen anything yet if he ever gets a majority.
Cecile Pratt
100 Mile House