Tuesday, April 12, 2011

The NDP Will Create Jobs – 100% Employment! Just Like the Former USSR!

Here's part two of the seven part series examining the NDP's lunacy.

2.1 Reducing the Small Business Tax Rate

We will reduce the small business tax rate from 11 per cent to nine per cent to support a sector of our economy that creates nearly half of all new jobs in Canada.

Why don't you just scrap this tax, Jack? Are Ottawa finances so tight that we need be taxing small business? The NDP is absolutely correct that nearly half of all new jobs in Canada are from small businesses (I would have assumed more). So let's be reasonable: eliminate this tax. Entrepreneurs need their capital to reinvest, not to pay taxes with.

2.2 Establishing a Job Creation Tax Credit

We will introduce a Job Creation Tax Credit that will provide up to $4,500 per new hire:

And this is why socialism is completely illogical. Instead of eliminating the small business tax, they're confusing the tax code by offering a new credit.

Employers will receive a one-year rebate on the employer contributions for the Canada Pension Plan and Employment Insurance premiums for each new employee hired;

Or you can make it so each employer and employee can decide privately if they want to contribute to CPP and EI.

Companies and organizations that keep a new employee for 12 months or more will be eligible for a retention bonus - a $1,000 non-refundable tax credit;

As if employers needed an incentive to hire good long-term employees. What a fucking stupid proposal. Scrap this job tax benefit, Layton and go back to my first suggestion.

This initiative will help create 200,000 family-supporting jobs a year.

An arbitrary number pulled right out of the collective ass of the NDP... bunch of idiots.

2.3 Extending Tax Credits for Job-Supporting Investment

We will extend the Accelerated Capital Cost Allowance for eligible machinery and equipment acquired before 2016. This would apply to machinery and equipment for primary use in Canada for the manufacturing or processing of goods for sale or lease;

Less efficient entrepreneurs who can't afford reinvestments in capital should rightly go out of business. This program prevents them from doing so. (This was in the Tory budget)

We will extend eligibility for the mineral exploration tax for an additional three years beyond March 31, 2012. This will apply to flow-through share agreements entered into on or before March 31, 2015;

Well I'm not particularly a fan of market interventions; this is an extension of the tax credit that makes mining projects affordable... I guess I'll give this one to the NDP (This was also in the Tory budget).

We will establish FedNor as a fully independent regional development agency with a new mandate to invest exclusively in Northern Ontario. We will double the FedNor funding;

FedNor is a bureaucracy intended to “invest” in Northern Ontario. The best investment government can make in Northern Ontario is to sell off all crown land, cut taxes and eliminate all the bureaucratic red tape involved with making a living, breathing, moving, sitting, standing and sleeping. FedNor, a Tory program, is an act of resource destruction masquerading as infrastructure investment.

We will give tradespeople and indentured apprentices whose job sites are located at least 80kms away from their ordinary residence a tax deduction for their travel and accommodation costs.

Aside from the fact that this may actually create incentives for tradespeople/apprentices to take up jobs 80km from their home, there's the problem of force. Jack Layton supports using violence to extract payment from the general population to fund programs like these. And he's supposed to be the likable politician.

2.4 Ensuring Foreign Investment Delivers Quality Canadian Jobs

This is the part where the NDP economic theory mirrors Mussolini's Italy or Hitler's Germany. No joke. These are purely fascist policies.

We will strengthen the Investment Canada Act by:

Reducing, the threshold for investments subject to review to $100 million;

A step in the wrong direction.

Providing explicit, transparent criteria for the “net benefit to Canada” test, with an emphasis on the impact of foreign investment on communities, jobs, pensions and new capital investments;

Economic nationalism, and a disincentive to do business in this country.

Requiring public hearings that allow for community input into decisions on both the assessment of “net benefit” and conditions to apply to the investment;

Direct democracy to scrutinize foreign companies that are trying to provide jobs.

Ensuring public disclosure and enforcement of all commitments undertaken by potential investors.

There will be no potential investors. Until now I haven't fully figured out if the NDP are communists or fascists, or some mixture of both. I now know that they are fascists whose policy ideas will deem Canada one of the poorest nations in the world. At that time government will come to the rescue to “fix” the problem it created by enacting full-fledged communism. Thanks for clearing that up, Jack.

2.5 Setting the Corporate Tax Rate at Below the USA’s

We will keep Canada’s corporate tax rate competitive by ensuring that our combined federal/provincial Corporate Income Tax rate is always below the United States’ federal corporate tax rate.

Not a bad idea (considering this is the NDP), unless the Americans jack up their rate for whatever reason. Also, the US Empire is going the way of the Roman Empire so watch out for that.

2.6 Investing in Critical Infrastructure

We will develop a stable, predictable Canadian infrastructure plan, to include:

Destroying wealth.

Funding urban public transit with an additional cent of the existing gas tax;

As gas prices explode it's probably best to scrap this gas tax. In addition, privatize “public” transit as competing transportation services will be more efficient, effective and ultimately cheaper than the current coercive monopoly.

Significant new funding for affordable and social housing;

Privatize all social housing and eliminate funding and/or any incentives for “affordable” housing. Until privatization is adopted, affordable and social housing will have all kinds of problems, and so will its consumers.

Maintaining the Gateways and Border Crossings Fund;

Privatize all roads and highways.

Create a Northern Highways investment fund and begin with completion of the Inuvik-Tuktoyaktuk link, followed by eventual completion of the Mackenzie Valley Highway;

See above.

Federal Investment in major green energy projects across the country, including a federal investment in the Maritime Link to bring electric power from Lower Churchill to Nova Scotia;

Privatize it. There ain't no such thing as government investment (TANSTAGI) and the bureaucracy involved will deter efficiency and effectiveness. Wealth destruction is inherent in bureaucracy; bureaus should only be dealt with when absolutely necessary. Rothbard showed that this will never arise, but surely even non-anarchists can see the electricity industry performing without government “help.”

Sewer and water treatment;

The one area where people demand government, yet incidents like the Walkerton Tragedy should be a clear indicator that governments are completely useless and dangerous. Privatize it, or if it's out of your control (as most treatment plants aren't federal) encourage privatization and cut off all federal funding.

Made-in-Canada federal procurement policy for investments in public transit, infrastructure and other key investments;

Without the inherent wastefulness of bureaucracy, a procurement policy is not needed. Privatization will allocate goods and services according to consumer preference (as indicated by profits).

Continuing current federal infrastructure funding commitments, like those under the Building Canada Fund.

I wonder if Jack Layton will personally put a gun to his neighbour's neck and demand payment for this fund?

Stay tuned for part three, and be sure to bring your NDP friends along!

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