Wednesday, February 20, 2008

Let's Get Ready to Rummmmmmmmmbbbbbblllllleeeeee!

With Dion on the ropes, he tags Dalton the Decapitator to enter the ring. Ding! Ding! Ding!




Meanwhile, fight night is Thursday, with the leaders debate. I'll be live blogging it at 6:30 mountain so tune in here for all the fun! Yes, the polls suck, but how can you not be enjoying the campaign when Ed Stelmach keeps doing stuff like this? In a way, a Tory win would be kind of inspirational in the sense that it would confirm that anyone can be elected as Premier in Alberta so long as:

1. They are a Conservative
2. They are not Jim Dinning

Oh...and here's the picture of the campaign so far:

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12 Comments:

  • Isn't that Bill "Get a Grip" Mason? Brendan....Byron....Bob?

    By Blogger Glen, at 12:13 AM  

  • McGuinty for LPC leader! Dion is a wet noodle.

    By Blogger JimTan, at 3:26 AM  

  • Why doesn't McGuinty combine the PST and GST into one HST, as former Liberal premier Frank McKenna did in NB? I've read an article in the financial press that said the eastern provinces that combined sales taxes into one tax gave a 17 per cent boost in productivity to business. Current Liberal NB premier Graham is talking about raising the provincial share of the HST, taking up tax room the feds gave up, and lowering corporate taxes to help business. Why isn't McGuinty doing this? The McGuinty Liberals are a drag on the Ontario economy with their business/tax outlook.

    By Blogger nuna d. above, at 1:16 PM  

  • nuna d. above said... "I've read an article in the financial press that said the eastern provinces that combined sales taxes into one tax gave a 17 per cent boost in productivity to business."

    I think you should provide a link to that article... cuz 17% sounds like total BS to me. I'm sure there are some cost savings and productivity gains when businesses only have to collect + pay sales taxes to one government body... but 17% sounds ridiculously high.

    By Blogger MERBOY, at 4:24 PM  

  • Combining two taxes leads to a 17% productivity bump? DAMN, we better find some more taxes to combine, that is one hell of a rate of return.

    And raising a consumption tax to lower a corporate tax. Well that makes so much economic sense...

    By Anonymous Anonymous, at 4:39 PM  

  • The Financial Post database doesn't go back very far, but putting "harmonized sales tax" into the Report on Business search engine reveals the following:
    1) The Chretien Liberals tried to push sales tax harmonization in the 90's because of the advantages to business.
    2) Liberal appointed David Dodge is quoted as saying:
    "All I can say is that there were good reasons, I think, for the government to try to work with the provinces to get a harmonized ... cheap-to-administer tax," he said.
    3)From the ROB:
    "Finance Minister Jim Flaherty had held unsuccessful talks with his provincial counterparts on the idea of changing provincial sales taxes to make them compatible with the GST. Ottawa argued it would make businesses more competitive because they wouldn't have to pay tax on capital equipment and other inputs.
    4)
    December 19, 2007
    "Canada could greatly improve its international tax burden rankings if all provinces changed their sales taxes so the levies apply to the same products and services as the federal GST, the C.D. Howe Institute says. Canada is currently 10th highest among 30 member countries of the Organization for Economic Co-operation and Development when it comes to effective tax rate on capital investment. Five provinces still levy provincial sales taxes that apply to business inputs and capital goods. If they harmonized the PSTs to the GST, it would drive Canada's aggregate effective tax rate on capital investment to 18.6 per cent in 2012 from 25.2 per cent, where it's projected to be heading.
    Finance calculates that if all the provinces chop their corporate rates, Canada's effective tax rate on new business investment will decline to less than 24 per cent, from 25.3. But if they cut their rates and the four holdouts harmonize their sales taxes, the effective tax on new investment drops to 16.4 per cent. (That's to say nothing of the lighter paperwork - companies would file one sales tax return instead of two.)"

    Although I remember reading the 17 per cent figure I cannot find the article. The above articles explain why productivity is enhanced-cheaper administration and no tax on business inputs and capital equipment.
    Whether it's Mike Harris or
    McGuinty the premiers of Ontario have failed to enhance business productivity. It's more important now because of the high Canadian dollar.

    By Blogger nuna d. above, at 6:09 PM  

  • Too bad for the Liberals that we Tories are the kinda wrestlers that use the steel chairs & brass knucks & that Dion sorta resembles the political equivalent of the Brooklyn Brawler

    By Blogger McGuire, at 6:11 PM  

  • This comment has been removed by the author.

    By Blogger MERBOY, at 10:52 PM  

  • nuna d. above said... "Whether it's Mike Harris or
    McGuinty the premiers of Ontario have failed to enhance business productivity. It's more important now because of the high Canadian dollar."

    Ok so let me get this straight... you blame Ontario which has had modest to no surplus money in the last few years... yet has still managed to give some money to industries that are struggling vs the feds who literally shoveled tens of BILLIONS out the door in across the board tax relief... the vast majority of which has went to people that aren't involved in the hard hit sectors... resulting in fairly meager economic benefit in comparison to the cost??? Nice try though.

    By Blogger MERBOY, at 10:53 PM  

  • merboy's economic ignornace is astounding.If throwing money at economic basket cases solved anything, NFLD and Cape Breton would be the comparable to Hong Kong and Singapore by now. Ontario business needs tax reform, not welfare cheques.

    By Blogger nuna d. above, at 12:25 PM  

  • nuna d. above said... "merboy's economic ignornace is astounding.If throwing money at economic basket cases solved anything, NFLD and Cape Breton would be the comparable to Hong Kong and Singapore by now. Ontario business needs tax reform, not welfare cheques."

    Sorry but that's just plain bullshit... the problem is the drastic shift in the Canadian dollar and the cooling of the US economy... which is why pretty much all Canadian exporters are having issues.

    By Blogger MERBOY, at 1:59 PM  

  • Flaherty is a disgrace for Ontario and he just act as yes man for Harper. Let's shortchange Ontario. "yes sir". Let's give Ontario less proportion on seats in common. "yes sir". Let's not give fair and equal EI benefit to Ontario. "yes sir".

    By Anonymous Cyberwanderer, at 6:04 PM  

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