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Re: Occupy Wallstreet
Old 11-03-2011, 05:36 PM   #15
Typhoid
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Default Re: Occupy Wallstreet

Pre edit edit: In all seriousness, don't take me the wrong way. I'm just attempting to have a face-to-face conversation over text, not start some argument or derail a thread or anything.

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At least you're always fair when talking about America

You take me far too seriously when I say ridiculous things, then don't take me seriously at all when I say things that should have worth and value.

I seriously do think the Occupy _____ is a waste of time. If those people want change, educate themselves. Take proper steps, you know.

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And for the record, Canada has a lower corporate tax rate than the US, and I believe they are looking to lower it further, but you'd know better than I.

What I simply meant was that the Occupy Vancouver/Toronto started because of Occupy Wall Street. What harms you doesn't [necessarily] directly effect us in the same way. This is why our dollar has gained on the US dollar, and surpassed it a number of times. Albeit by pennies, but still. If we were directly tied, our dollar would have stayed well-below the American dollar. Instead we've constantly been creeping up to parity, and [slightly] surpassing it.

I'm not oblivious to the fact that our countries are indeed symbiotic, at least on our end - however what disturbs me is that the people occupying areas in Canadian cities are seemingly oblivious to the fact that in the end, it might harm us as a country. We are not the US. It's fine and dandy that your people are fighting for social change and I'm all for that. Wealth should indeed be shared in a broader bracket. But my people shouldn't have to fight for your social change. All or nothing. If my people are going to Occupy Vancouver so that your people get their message heard louder, my people (hell, yours, too) should also have some riots going for Greece and all that euro bullshit. This is a joke. I do not think they should do that.

The reason we in Canada probably have/need a smaller corporate tax rate (I'm currently trying to find the rate itself) is because we have 1/10th the population, therefore we have (let's assume) 1/10th the corporations. Being that corporations do indeed actually create jobs with some form of wealth in a centralized location (A city, opposed to rural people with rural jobs), we want to entice more of them to come here. The way you do that is to lower taxes. And I can see them lowering it a little more in Canada, with the talk of raising American corprorate tax rates, because then some corporations will surely (I assume is the goal) come north and set up here, and hire Canadians.


I'm not going to break this down, but just because I was looking for it, just a little quip:

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American: Federal tax rates on corporate taxable income vary from 15% to 35%.
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The basic rate of Part I tax is 38% of your taxable income, 28% after federal tax abatement.

For Canadian-controlled private corporations claiming the small business deduction, the net tax rate is 11%.

For the other corporations, the net tax rate is decreased as follows:

19% effective January 1, 2009
18% effective January 1, 2010
16.5% effective January 1, 2011

Edit: After wikipedia-ing, I found this lovely string of hilarious things.

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Occupy Wall Street (OWS) is an ongoing series of demonstrations in New York City based in Zuccotti Park in the Wall Street financial district. The protests were initiated by the Canadian activist group Adbusters.
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The Adbusters Media Foundation is a Canadian-based not-for-profit, anti-consumerist, pro-environment[1] organization founded in 1989 by Kalle Lasn and Bill Schmalz in Vancouver, British Columbia.
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The foundation describes itself as "a global network of artists, activists, writers, pranksters, students, educators and entrepreneurs who want to advance the new social activist movement of the information age."
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