“Read it if you dare, and you’ll figure out why Canada adds jobs and we lose them.”
22 Replies to “The Pain Will Continue Until You Wise Up, Sucker”
Wow, that piece stands on its head the narrative that has become an article of faith in this country, namely that opportunity lies in the US. With Obozo in the White House, determined to socialize the US economy, things look good for Canada.
Still lots of things are much cheaper in the US than in Canada.
Small business is the way to go.
The real level of taxation in the US is far less than in Canada. Yes the business tax is less, but the rest of the taxes are what is not in the equation.
Now, in BC, we have the HST!!! Went to the grocery store and bought the daily bread. The bill no longer shows the total before taxes. All items which are taxable have an “H” or “J” beside them. We are taxed on the “recycling fee” for juice cans, candy & nuts, 5% on fuel???(thought it was 12%).
We also got our HST cheque this past week to “offset” the charges, so we have have more government workers making sure we all play fair.
Now I know why it is called the HATED SALES TAX!!!!
It doesn’t matter that we have less business tax, we just sit back and pay anyway!!! ARRRRGGGHHH!!!
Makes me feel good … except for the high personal taxes part. And the fact that we know that our governments are insanely wasting money every minute of every day.
Depending on your definition of small business, the article is incomplete. In the US many small businesses are LLCs which use personal income tax rates after recognition of business expenses which yields a better overall tax rate (to it’s owners) than a “small” incorporated entity in Canada that pays most of it’s net earnings to it’s owners. I have been both. Incorporated companies in Canada do enjoy better income tax rates than in the US. I suspect that if one looks at the source of the Canadian job creation that you might find that those from the private sector are from larger firms. Small business is a larger creater of jobs but also based on their failure rate, a larger loser of jobs.
She is correct on the resources industry comparison.
Being a person who FLED Canada in the 1990’s and found mega opportunity in the USA, I can only say two things:
1) Thank you Stephen Harper for starting to fix what Trudeau broke. Faster, please.
2) It gives a real indication how bad things are getting when Americans look at Canada and see more opportunity. Jeeze.
Voters should remember that Taliban Jack Layton rushed down to Washington to advise Obozo. I think we can assume that Obozo listened.
His new distribution party would bring the same level of destruction to Canada given a chance
The other issue in the US is that there is a major loss in confidence about the future of the country. http://www.financialpost.com/news/Confidence+Canadian+business+doesn/3258751/story.html
This is a reflection on the leadership. There is a massive debt, yet government keeps getting bigger and promising more. Obama is the leader of the pillagers (a-la Ayn Rand), but does not inspire or support the producers (disproportionately represented, I would argue, by Tea Party types).
Why would someone take risks with business, with hiring, in the US when there is uncertainty about what taxes will be shoved down their throat, and what regulations and and hurdles will be placed in their path, at the whim of political activists, union leaders, and people who are true believers in socialism?
In Canada, the leadership supports the producers to a significantly greater extent, so all society benefits. The political situation is fairly stable, and the specter of massive changes in taxes or regulation is not present.
I feel sorry for the USA, but perhaps it’s an abject lesson that needs to be learned. I suspect they have a ways to go, and I fear there will be significant social turmoil, before it sinks into the politicians and the citizens of the US.
Yes there is a difference in tax rates – U.S. and various states vs. Canada and the Provs. But it is a difficult calculation and not quite so simplistic as just tax rates. A more profound problem for the U.S. is to enervate the small private business sector the driver of jobs. At the moment they are faced with unknown costs and therefore future returns. 1. the $1.5 trillion added debt of the usless stimulus and the now unfolding costs of Obama care. The future brings no reduction in spending and thus massive inflation and probably huge tax increases. Cap and tax or card check would be the final nail in the coffin. No business invests in uncertainty!
What is the average rate of unemployment for the past 50 years in Canada. I think it is about 5-6%. So, with an 8;% rate, it has only gone up about 2-3 percent in the past couple of years. That is not bad considering the supposed depression.
Obozonomics . . . killing the American economy one narcissist policy after another.
And The Regime will be pulling out all the stops to pass Card Check and Climate Change/Energy bills before the November vote.
Two more economy killing policies.
Carpe Diem has a similar post.
Great comments http://mjperry.blogspot.com/2010/07/canada-recovers-almost-all-lost-jobs.html
Canada led by Conservative Prime Minister, Stephen Harper.
USA led by leftist President Barack Obama.
Canada in full recovery while US in subpar sputtering recovery.
Coincidence?
“What is the average rate of unemployment for the past 50 years in Canada. I think it is about 5-6%. So, with an 8;% rate, it has only gone up about 2-3 percent in the past couple of years.”
You have to take into account that a lot of good paying jobs have been replaced by low paying jobs though.
“Still lots of things are much cheaper in the US than in Canada.” Like the quality of life for example.
Quit complaining about sales taxes. It’s much better to tax consumption than to increase the tax on income. The more you consume the more tax you pay. It’s called “user pay” for good reason.
My heart goes out to our American friends who are no under a Trudeaesque regime, a regime that half of the citizens did not vote for; the same thing happened in Canada in 1968; sane citizens did not vote Liberal in that election, they voted for Robert Stanfield but they were stuck with a fanatical, radical left wing, destructive, weak Prime Minister who looted the productive people for votes from the lazy, envious, ‘entitled to our entitlements’ types. Robert Stanfield was a fine choice but our flash in the pan fella, PET, was all glitz and yap (just like the fella in the White-house right now) and the young crowd and older feminine thinkers were emotionally ‘swept away’. McCain would not have led America down this disaster road; Mr. Stanfield would have led Canada into prosperity. Poor choices and the ‘Me, Me’ attitude of so many boomers and their offspring have crippled North America. Canada, finally crawled out of the hole by electing Prime Minister, Stephen Harper in the last elections: a Man who understands numbers and has brought us out of the filth and corruption left in the gument from years of corruption and sleaze left by Obama type Liberano/Dipper ‘leaders’. We are not out of the mire as the ‘entitled to our entitlements’ goofs are still lurking in the wings of power and many Canadian voters still support the elitists who would sink the prosperity in Canada faster than the ‘anointed one’ could ever hope for in USA.
Of special note is the change in Saskatchewan tax rates: Sask. give a shout out to SDA for ‘speaking for the people of Sask’ during the last provincial elections; for cheering for the good guys in the last Federal elections. Kate is Canada’s Sarah Palin, IMO. The ‘anointed one’ would have had a much bigger victory in USA had Sarah Palin not told the citizens of USA the truth about Obama. Some of the people woke up and changed their vote. Brad Wall and McCain did not step up to the plate; Kate, PMSH and Sarah did! Msm, in all elections, has been in the tank for the ‘bad for the people’ left wing creeps.
Jema 54..
Without a doubt the best comment I have ever read.
Bravo Jema!!
I worked in Texas for six years, paid federal taxes, no state taxes and a 8.25% sales tax in Houston (some areas vary). From there I came to Nova Scotia and saw my take home pay dwindle to almost nothing. And then I had to pay 13% and now 15% on top of it all. Patriotism only goes so far when it comes to putting food on the table. If Obamacare and cap & trade go into effect down south there will certainly be a migration north to a place most Americans find almost familiar. It will start with businesses and then their workforce will follow. The non-taxpaying voters left behind will find the middle class cash cow isn’t there anymore.
btw, I moved back for family reasons not the money.
Jema, that was so true.
We were just newly married at the time and did not fall for the Trudeau glitz, but so many did and you could see the fervor in their eyes.
We mustn’t forget that Trudeau did most of the damage with the support of the NDP under Ed Broadbent. They kept Trudeau in power through all his minority governments. Trudeau did not have the seats to destroy this country with the NDP support.
As a thank you he appointed Broadbent to a 10 year posting to see him through to retirement; the same for Ian Deans. The NDPer’s dream of living off the public trough came true for them.
Lots of inaccuracies in the article. There is only one tax payer ultimately and when all is said and done the US has a slightly lower tax burden – the gap is far narrower than it once was. There are far more loopholes in the US system and write-offs like personal residence mortgage interest.
What has masked CDAs low productivity growth vs the US’s has been huge trade surplusses primarily in energy products. Without that we would be far poorer and much more heavily taxed than those south of the 49th.
Jema 54
Liked the Post. You took the dragons breath from me (O:}
Wow, that piece stands on its head the narrative that has become an article of faith in this country, namely that opportunity lies in the US. With Obozo in the White House, determined to socialize the US economy, things look good for Canada.
Still lots of things are much cheaper in the US than in Canada.
Small business is the way to go.
The real level of taxation in the US is far less than in Canada. Yes the business tax is less, but the rest of the taxes are what is not in the equation.
Now, in BC, we have the HST!!! Went to the grocery store and bought the daily bread. The bill no longer shows the total before taxes. All items which are taxable have an “H” or “J” beside them. We are taxed on the “recycling fee” for juice cans, candy & nuts, 5% on fuel???(thought it was 12%).
We also got our HST cheque this past week to “offset” the charges, so we have have more government workers making sure we all play fair.
Now I know why it is called the HATED SALES TAX!!!!
It doesn’t matter that we have less business tax, we just sit back and pay anyway!!! ARRRRGGGHHH!!!
Makes me feel good … except for the high personal taxes part. And the fact that we know that our governments are insanely wasting money every minute of every day.
Depending on your definition of small business, the article is incomplete. In the US many small businesses are LLCs which use personal income tax rates after recognition of business expenses which yields a better overall tax rate (to it’s owners) than a “small” incorporated entity in Canada that pays most of it’s net earnings to it’s owners. I have been both. Incorporated companies in Canada do enjoy better income tax rates than in the US. I suspect that if one looks at the source of the Canadian job creation that you might find that those from the private sector are from larger firms. Small business is a larger creater of jobs but also based on their failure rate, a larger loser of jobs.
She is correct on the resources industry comparison.
Being a person who FLED Canada in the 1990’s and found mega opportunity in the USA, I can only say two things:
1) Thank you Stephen Harper for starting to fix what Trudeau broke. Faster, please.
2) It gives a real indication how bad things are getting when Americans look at Canada and see more opportunity. Jeeze.
Voters should remember that Taliban Jack Layton rushed down to Washington to advise Obozo. I think we can assume that Obozo listened.
His new distribution party would bring the same level of destruction to Canada given a chance
The other issue in the US is that there is a major loss in confidence about the future of the country.
http://www.financialpost.com/news/Confidence+Canadian+business+doesn/3258751/story.html
This is a reflection on the leadership. There is a massive debt, yet government keeps getting bigger and promising more. Obama is the leader of the pillagers (a-la Ayn Rand), but does not inspire or support the producers (disproportionately represented, I would argue, by Tea Party types).
Why would someone take risks with business, with hiring, in the US when there is uncertainty about what taxes will be shoved down their throat, and what regulations and and hurdles will be placed in their path, at the whim of political activists, union leaders, and people who are true believers in socialism?
In Canada, the leadership supports the producers to a significantly greater extent, so all society benefits. The political situation is fairly stable, and the specter of massive changes in taxes or regulation is not present.
I feel sorry for the USA, but perhaps it’s an abject lesson that needs to be learned. I suspect they have a ways to go, and I fear there will be significant social turmoil, before it sinks into the politicians and the citizens of the US.
Yes there is a difference in tax rates – U.S. and various states vs. Canada and the Provs. But it is a difficult calculation and not quite so simplistic as just tax rates. A more profound problem for the U.S. is to enervate the small private business sector the driver of jobs. At the moment they are faced with unknown costs and therefore future returns. 1. the $1.5 trillion added debt of the usless stimulus and the now unfolding costs of Obama care. The future brings no reduction in spending and thus massive inflation and probably huge tax increases. Cap and tax or card check would be the final nail in the coffin. No business invests in uncertainty!
What is the average rate of unemployment for the past 50 years in Canada. I think it is about 5-6%. So, with an 8;% rate, it has only gone up about 2-3 percent in the past couple of years. That is not bad considering the supposed depression.
Obozonomics . . . killing the American economy one narcissist policy after another.
And The Regime will be pulling out all the stops to pass Card Check and Climate Change/Energy bills before the November vote.
Two more economy killing policies.
Carpe Diem has a similar post.
Great comments
http://mjperry.blogspot.com/2010/07/canada-recovers-almost-all-lost-jobs.html
Canada led by Conservative Prime Minister, Stephen Harper.
USA led by leftist President Barack Obama.
Canada in full recovery while US in subpar sputtering recovery.
Coincidence?
“What is the average rate of unemployment for the past 50 years in Canada. I think it is about 5-6%. So, with an 8;% rate, it has only gone up about 2-3 percent in the past couple of years.”
You have to take into account that a lot of good paying jobs have been replaced by low paying jobs though.
“Still lots of things are much cheaper in the US than in Canada.” Like the quality of life for example.
Quit complaining about sales taxes. It’s much better to tax consumption than to increase the tax on income. The more you consume the more tax you pay. It’s called “user pay” for good reason.
My heart goes out to our American friends who are no under a Trudeaesque regime, a regime that half of the citizens did not vote for; the same thing happened in Canada in 1968; sane citizens did not vote Liberal in that election, they voted for Robert Stanfield but they were stuck with a fanatical, radical left wing, destructive, weak Prime Minister who looted the productive people for votes from the lazy, envious, ‘entitled to our entitlements’ types. Robert Stanfield was a fine choice but our flash in the pan fella, PET, was all glitz and yap (just like the fella in the White-house right now) and the young crowd and older feminine thinkers were emotionally ‘swept away’. McCain would not have led America down this disaster road; Mr. Stanfield would have led Canada into prosperity. Poor choices and the ‘Me, Me’ attitude of so many boomers and their offspring have crippled North America. Canada, finally crawled out of the hole by electing Prime Minister, Stephen Harper in the last elections: a Man who understands numbers and has brought us out of the filth and corruption left in the gument from years of corruption and sleaze left by Obama type Liberano/Dipper ‘leaders’. We are not out of the mire as the ‘entitled to our entitlements’ goofs are still lurking in the wings of power and many Canadian voters still support the elitists who would sink the prosperity in Canada faster than the ‘anointed one’ could ever hope for in USA.
Of special note is the change in Saskatchewan tax rates: Sask. give a shout out to SDA for ‘speaking for the people of Sask’ during the last provincial elections; for cheering for the good guys in the last Federal elections. Kate is Canada’s Sarah Palin, IMO. The ‘anointed one’ would have had a much bigger victory in USA had Sarah Palin not told the citizens of USA the truth about Obama. Some of the people woke up and changed their vote. Brad Wall and McCain did not step up to the plate; Kate, PMSH and Sarah did! Msm, in all elections, has been in the tank for the ‘bad for the people’ left wing creeps.
Jema 54..
Without a doubt the best comment I have ever read.
Bravo Jema!!
I worked in Texas for six years, paid federal taxes, no state taxes and a 8.25% sales tax in Houston (some areas vary). From there I came to Nova Scotia and saw my take home pay dwindle to almost nothing. And then I had to pay 13% and now 15% on top of it all. Patriotism only goes so far when it comes to putting food on the table. If Obamacare and cap & trade go into effect down south there will certainly be a migration north to a place most Americans find almost familiar. It will start with businesses and then their workforce will follow. The non-taxpaying voters left behind will find the middle class cash cow isn’t there anymore.
btw, I moved back for family reasons not the money.
Jema, that was so true.
We were just newly married at the time and did not fall for the Trudeau glitz, but so many did and you could see the fervor in their eyes.
We mustn’t forget that Trudeau did most of the damage with the support of the NDP under Ed Broadbent. They kept Trudeau in power through all his minority governments. Trudeau did not have the seats to destroy this country with the NDP support.
As a thank you he appointed Broadbent to a 10 year posting to see him through to retirement; the same for Ian Deans. The NDPer’s dream of living off the public trough came true for them.
Lots of inaccuracies in the article. There is only one tax payer ultimately and when all is said and done the US has a slightly lower tax burden – the gap is far narrower than it once was. There are far more loopholes in the US system and write-offs like personal residence mortgage interest.
What has masked CDAs low productivity growth vs the US’s has been huge trade surplusses primarily in energy products. Without that we would be far poorer and much more heavily taxed than those south of the 49th.
Jema 54
Liked the Post. You took the dragons breath from me (O:}