This morning the news on Canada’s Business News Network in a printed caption, televised like a neon sign, keeps flashing an admonishment to get cracking on trade from the World Bank and the International Monitary Fund to elected politicians attending the G 20 meetings amidst anti G20 protests on Hamburg, Germany’s streets.
In the early years of free trade the income tax was needed to replenish government funds lost with the diminishing of tariff income. …A proposed tax on imports is central to the GOP plan to lower the overall corporate tax rate. It would generate about $1 trillion over the next decade to finance the … More When Income Taxes Replace Tariffs
Yesterday all my Canadian television stations: CTV.- BNN. and CBC gave non-stop coverage to President Trump’s giving classified information to visiting Russian officials. With today’s endless list of online world-media headers announcing the Comey memo documenting the president’s request that Comey stop the Flynn Russia enquiry, I had some difficulty recollecting yesterday’s Russia Trump news. … More
I’ve suspected that the global ridicule directed at Donald Trump, now President Trump, has been motivated by fear of his wanting to renegotiate NAFTA, in effect seeming to oppose Free Trade that old Victorian Era battle cry of British manufacturers. The results of the first round of the French election with the middle of the … More Trump Trade Terror
Like the United States Canada, land of The Consumer – Traveler enticed by world marketers may not exist as a nation. In his recent visit to India Canada’s Defence minister is accused of being a Sikh nationalist – Sikh nationalism, associated with Canadian soldiers 2 1/2 years ago in Canada’s The National Post, not Canadian … More Where is Canada?
Rereading about the history of England in the 19’th century, I was reminded of the beginnings of that now famous economic cry “free trade” as imports free of tariffs produced a financial loss to England’s treasury which had to be made up by new sources of government income such as the now ubiquitous income tax.
All the talk about Bernie Sanders winning big on the $15.00 an hour minimum wage has brought back an experience that I had about ten years ago at an LCBO in the Union Station’s now out of use east platform. As I was checking out some beer the woman cashier was talking to someone just … More A Windfall For Bernie