Where has all the money gone?

Into the coffers of corporate Canada. As anyone with a grasp of reality knows.
The rest vote Conservative.

And let's face facts, the Liberals have mostly favoured this approach too.
This failed approach.

See, corporations are not actually reinvesting all those juicy tax breaks into this country. They are not paying it out to their shareholders even. Nope.

They are stashing it away in mattresses all over the world.

In a recent research note, Mr. Madani said Canada’s non-financial-sector corporate cash balances stood at $526-billion at the beginning of 2012 – up 42 per cent since the recession ended in mid-2009. Since the Canadian economy is roughly one-tenth the size of our U.S. neighbour, this Canadian cash pile, in relative terms, dwarfs the roughly $1.3-trillion (U.S.) in cash held by U.S. corporations.

Voodoo economics, Reaganomics, trickle down. It's all complete bullshit.

If that crap worked, then Bush's reign of terror would have been at least productive.  But them pesky facts get in the way.

Bush Lead During Weakest Economy in Decades

That guy was cutting taxes and deregulating like crazy, and the only thing that happened was a global meltdown.

Why do some people buy the snake oil?

Hell if I know. They are told on a regular basis by the powers that be and the corporations getting the tax breaks that also own the media that proven-failed policy is the way to go, and instead of asking questions and using critical thinking skills they just go along.

I am sure one of the Conservative voters reading this will be sneering and drooling on his Keyboard and muttering some insult, without even addressing the facts. Facts shmacts. That is another thing the Cons rely on, total allegiance while going over the cliff.

Here is an idea:

If Canadian companies were to spend just 5 per cent of their cash hoard on dividends, that would dramatically increase total annual corporate payouts, to more than $80-billion (Canadian) from the current $56-billion. Mr. Madani calculated that this would boost personal disposable income by 2.5 per cent. Even if they were to spend only half that amount on dividend increases – 2.5 per cent of their massive cash pile – personal disposable income would still gain more than 1 per cent. That kind of disposable income gain would significantly accelerate consumer spending and investing.

And in the meanwhile, some of that hoard could be used for something like......Wages...

But that, would be.... socialism yanno.  Or something something.

There is only X amount of dollars that make up the total economy. If someone is hoarding most of it, that leaves nothing for the rest.
Common sense?

Total common sense, pale!

When I was in school back in the 80s, my economics courses were focused solely on capitalism and my Marxist leanings just made me roll my eyes knowing that the redistribution of wealth was controlled by those who owned the means of production. However, at that time, the Soviets were still around albeit losing power, and socialism was not an evil word in comparison. Such things as socialized health care and mixed economies were not the anathema they have become. This also pre-dates free trade. It was a time when protecting domestic resources and manufacturing were also considered acceptable policy. That changed dramatically as we reached the end of that decade. At that point, we ushered in globalization and the slow demise of decent middle class jobs. This next step of hoarding the capital gains is just further insult to what has been happening.

They are like militia-ist doomers eh?

But not toilet paper, they pile up cashola. But not even paper cashola.

If shit turns bad, money is only worth the value backed by it's power of belief.
We can always create a new form of money that people place their belief in. :)

It's a fact: 100% of all the people who ate carrots in 1850, are dead.

good summer read

janfromthebruce

Most folks are completely unaware that what they read everyday in the MSM is brought to them by those who make their bucks supported by the few "top earners". Thus, what they "learn in our education" for the most part, supports that indoctrination.

Thus the beat goes on!

Rule no. 1, always follow the $$$!

great post Pale

Thanks!

I find myself following the money and the stink tanks more and more.
Summer good?

It's a fact: 100% of all the people who ate carrots in 1850, are dead.

Uncommon . . . .

common sense, pale.

Thanks - Good job . . . .

Uncommon today.

Eh? Have a good trip?

It's a fact: 100% of all the people who ate carrots in 1850, are dead.

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