“In Canada, the evidence is that increasingly a larger fraction of income to corporations is related to excessive profits. Lower tax rates encourage firms to engage in more excessive profit seeking. You have greater incentives to create more monopoly power, to lobby (the government), because you get to keep a larger fraction of the returns from the lobbying activity.” Joseph Stiglitz, a Nobel Laureate and Professor at Columbia University.
2019-04-11
as the divide between the middle class and the affluent society grows stress signs ar showing for the young trying to find a foothold and does not bode well
for us all….
https://theprovince.com/news/politics/for-millennials-in-canada-the-middle-class-dream-slips-a-little-further-away-oecd/wcm/dc075ca8-dc6e-46fd-924d-30e773337272