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Preaching austerity at the wrong time
Wednesday, September 28th, 2011
Sep 27 2011
They won’t raise taxes on the wealthy. They won’t stop subsidizing the wealthy oil companies. They won’t consider taxes on financial transactions even though a tax of just pennies a trade could reap billions of dollars that could be used to stabilize economies, and they keep lowering business taxes to ridiculously low levels, thus starving their governments of desperately needed revenues. Even the governor of the Bank of Canada has said lowering business taxes has done nothing to create jobs or improve competitiveness.
Tags: corrections, economy, ideology
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