With Conservative leadership hopeful Maxime Bernier recently resurrecting the widely discredited and tired trope of a rising tide lifting all boats, Star reader Salmon Lee of Mississauga offers all of us a timely dose of reality:
Tax cuts only help the rich
Re Maxime Bernier’s vision for Canada, May 8
Yet another politician selling the myth that the economy will grow with tax cuts. If Conservative leadership candidate Maxime Bernier’s economics are sound, we should have been experiencing strong economic growth over the past few years. With corporate tax revenues having been reduced by more than $20 billion annually, thanks to the generous tax cuts from the Harper and McGuinty governments, we should be seeing 3-per-cent growth and millions of well-paying jobs. Instead, we see bigger paycheques for CEOs, stagnant wages and more lower-paying precarious jobs. And loads of uninvested cash in corporate coffers. Canadian politicians should learn from the social democratic Scandinavian countries on how to create a society that gives people a secure future and an economy that can support it.
