Corporate Tax Freedom Day now arrives on Feb 1 next week as corporate income tax has been slashed to 8% of all government revenue at a cost of $13 billion a year.
Notice that invisible hand of the marketplace giving the PotashCorp green piggie a surreptitious extra little push in the vid?
That's because Saskatchewan PotashCorp was the “leading cash hoarder” between 2000 and 2010, porking away over $5 billion for a rainy day that only ever rains on you.
PotashCorp CEO Bill Doyle of Chicago pulled down $11.6 million in benefits in 2010. While his base salary was only $1.17 million, he also aced a $2.06 million bonus for 2010, in addition to $3.7mil in stock options and $4.5 mil in pension benefits.
Speaking of pension benefits, who exactly does Steve have slated to make up all that lost corporate tax revenue?
Low income pensioners, apparently, according to his SOTU delivered from Davos, home of the .01%.
But wait a minute. Aren't Freedom 75 guys his main voter demographic?
Damage control alert! Urgent update from PMO-bot quickly spreads across the media :
"The memo tells MPs to counter opposition attacks by pledging there will be substantial notice and an adjustment period so that any cuts don't impact benefits to those close to retirement. The talking points say other Canadians will have time to adjust."Yeah. Time to adjust. Flashback to Steve in 2008 :
"I think there's probably some great buying opportunities emerging in the stock market as a consequence of all this panic," Harper told reporters as the S&P/TSX fell for the fifth straight day."On CBC's The Current (9:40 mark) this morning - Privatizing Water - Elizabeth Brubaker of the water privatization lobby group Environment Probe said Canada needs at least $90B, maybe more, to invest in water and sewage utilities in Canada and only corporations have the money to do it.
And why is that? Because we have starved government revenue for a decade by slashing corporate taxes.
Hope all you 'Freedom 75' Harper supporters are paying attention here.
Friday night update : Stephen Maher totally nails it. Tories have put Canadians in a hole
Sunday am OAS quotes :
Con MP Shelly Glover on CTV : "There are no changes that are going to be occurring with our seniors with regards to OAS at this point", plus complaints about media bring it up
PMO Office : "Fact: If we do nothing, OAS will eventually become too expensive and unsustainable", plus complaints about media bringing it up.
Hey, it was Steve who brought it up.
Confused? The Jurist explains.