Many wealthy people have an ability to invent and produce new products, devise new or provide unique ways of providing existing services as a form of creativity and as a challenge.
Through their investments, they create employment. Most corporations reward their investors through innovation and growth – employing their profits to improve productivity, market share, and the quality of their products or services.
Through their investments, they create employment.
We are led to believe that the B.C. NDP promises to collect $550 million in increased taxes from the wealthy and large corporations.
It shouldn’t take a rocket scientist to realize that this will result not only in less money available for investment in growth, but also less growth in employment, or perhaps even an increase in unemployment in order for corporations to pay their taxes through downsizing.
In the end, there is much evidence that increased taxes equals increased unemployment.
As they have proven over the years, NDP governments do not understand simple economics.
The NDP keeps trying to buy our votes with promises of unsustainable increased consumption.
With a perfect record, this has been proven over and over again. Just ask the Charlie Browns of this country who keep voting for them until they learn the truth.
If we don’t learn from history, it usually takes another catastrophic NDP term in office to remind us.