Showing posts with label Greed. Show all posts
Showing posts with label Greed. Show all posts
Tuesday, 22 April 2014
Monday, 21 April 2014
Monday, 22 July 2013
Wednesday, 29 May 2013
Thursday, 14 March 2013
Thursday, 3 January 2013
PayWatch: The Clash for Cash
.Overcompensated: CEO Pay Rates Show Growing Inequality in Canada
By 1:18pm on January 2, the first official working day of the year, Canada’s top 100 CEOs will have already pocketed $45,448 - the income that it takes the average Canadian an entire year of full-time work to earn.
The Canadian Centre for Policy Alternatives has produced a fact sheet, Overcompensating: Executive Pay in Canada, highlights some key numbers around executive pay in Canada and also includes a list of Canada's highest paid 100 CEOs.
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You can also visit their pay clock, The Clash for the Cash: CEO vs. Average Joe, to find out just how much the average worker and top CEO have earned so far.
http://policyalternatives.ca/
Monday, 10 December 2012
Wednesday, 10 October 2012
Wednesday, 18 July 2012
Tuesday, 17 January 2012
Net Benefit
"Rio Tinto and Caterpillar Electro Motive are newly minted Canadian corporate citizens who have locked their workers out to freeze and starve. These corporate muggers were allowed into Canada and encouraged in their anti Canadianism by the Harper Junta. It's going to be a cold winter and a hot summer in Canada..."
Thursday, 22 December 2011
Inside Job, Narrated by Matt Damon (Full Length HD)
"'Inside Job' provides a comprehensive analysis of the global financial crisis of 2008, which at a cost over $20 trillion, caused millions of people to lose their jobs and homes in the worst recession since the Great Depression, and nearly resulted in a global financial collapse. Through exhaustive research and extensive interviews with key financial insiders, politicians, journalists, and academics, the film traces the rise of a rogue industry which has corrupted politics, regulation, and academia. It was made on location in the United States, Iceland, England, France, Singapore, and China"
Friday, 14 October 2011
Monday, 10 October 2011
Tuesday, 27 September 2011
Wednesday, 3 August 2011
Thursday, 7 July 2011
Thursday, 21 April 2011
Saturday, 16 April 2011
Wednesday, 13 April 2011
Having Their Cake and Eating It Too: Stanford - CCPA
Corporate tax cuts economically ineffective
National Office News Release
April 13, 2011
OTTAWA—The Conservatives’ proposed 3-point reduction in corporate tax rates would cost the public purse $6 billion per year, yet only stimulate about $600 million of new business investment annually, says a study released today by the Canadian Centre for Policy Alternatives (CCPA).
The study, by economist Jim Stanford, examines historical data on business investment and cash flow from 1961 through 2010. Using econometric techniques, the study finds no evidence in the historical data that lower taxes have directly stimulated more investment. Moreover, the indirect impact of tax cuts on investment (experienced through corporate cash flow) has become much weaker over time.
“Business fixed capital spending has declined notably as a share of GDP and as a share of corporate cash flow since the early 1980s—despite repeated tax cuts that have reduced the combined federal-provincial corporate tax rate from 50% to just 29.5% in 2010,” says Stanford.
After adjusting for other determinants of investment spending, incremental cash flow has elicited only small amounts of business investment in recent years: about 10 cents in new investment for each dollar in extra cash flow.
“Given this statistical evidence, the federal government would have a far more powerful impact on both public and private investment by investing directly in public infrastructure, rather than providing additional tax reductions for businesses,” Stanford says.
If the federal government spent $6 billion on public infrastructure instead of corporate tax cuts, the total increase in investment would be more than ten times as great as the increase in private investment from tax cuts alone. This includes the new public investment itself ($6 billion), as well as an additional $520 million in private business investment that would be stimulated through the positive spin-off effects of the resulting economic growth.
According to the study, Canadian corporations have received $745 billion in excess, uninvested after-tax cash flow since 2001: cash flow that was not reinvested in real capital projects in Canada. This excess corporate saving reduces expenditure and purchasing power in the Canadian economy. A lack of business investment spending was the major source of Canada’s recent downturn, and the sluggish rebound in business spending is a key reason why Canada’s recovery from the recession has been uncertain, sluggish, and incomplete.
“Corporate Canada has been consistently receiving far more after-tax cash flow than it is reinvesting in Canadian capital spending—to the tune of $745 billion since 2001,” Stanford says. “Supplementing that cash flow through further tax cuts is like pushing on a string. Those tax savings would only add to the large sums of uninvested cash flow Canadian businesses already possess.”
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For more information contact Kerri-Anne Finn, CCPA Senior Communications Officer, at 613-563-1341 x306.
Download the full report and analysis here.....
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