The Fraser Institute released a study this morning which should be of interest to politicians who don’t understand The Effect of Corporate Income and Payroll Taxes on the Wages of Canadian Workers. Here’s what their new study has to say today about corporate taxes in Canada:
“…we find that a 1% increase in the statutory corporate income-tax rate reduces the (inflation-adjusted) hourly wage rate by between 0.15% and 0.24%, depending on the model specification (these results are for workers employed in the private sector). Based on these results, if the 2012 unweighted average combined corporate income-tax rate for the ten provinces (27.34%) increased by just one percentage point to 28.34%, the national hourly wage rate in the following year would decrease by between $0.13 and $0.20, which translates into annual wages that are lower by between $254 and $390.” Continue reading A First Step for Justin
Do you know who painted this picture? Nope, it’s not a trick question or a contest. The artist didn’t sign it and I am asking the question as a favour for a friend who owns it. I realize that the likelihood of a visitor knowing the artist or anything about this work is remote, but I promised to help the owner use the Internet to at least ask. And the obvious place to start is right here. Continue reading Who is the Artist?
Today, the Fraser Institute released this year’s Economic Freedom of the World report. This report “measures the economic freedom (levels of personal choice, ability to enter markets, security of privately owned property, rule of law, etc.) by analyzing the policies and institutions of 157 countries and territories… using 42 distinct variables to create an index, ranking countries based on economic freedom, which is measured in five Areas: 1 Size of Government, 2 Legal Structure and Security of Property Rights, 3 Access to Sound Money, 4 Freedom to Trade Internationally, and 5 Regulation of Credit, Labour and Business.” The report uses 2013 statistics because that is the most current data year.
Property rights in Area 2 are our most fundamental and important rights. For many Canadians, property is their greatest asset and one they are placing considerable dependency on for a comfortable retirement. If a state doesn’t provide a strong legal structure and security of property rights, then it is seriously remiss, indeed. Canadians may think their economic property rights are secure, however, that is not exactly true. Continue reading Economic Freedom and Property Rights
Today is the start of the 2015 Global Entrepreneurship Summit (GES). The co-host this year is Kenya where the conference is being held. According to one U.S. government source, “GES is an annual summit bringing together entrepreneurs –- including social entrepreneurs — business people, venture capitalists and foundations for an intense two-day conference to network, learn from each other, and identify ways to improve the entrepreneurial ecosystem. GES is a White House initiative that partners with a different host country each year to showcase the dynamism of the local environment and hopefully strengthen entrepreneurial infrastructure.” Naturally President Obama will be there, but maybe this year he should take along some help. Continue reading Obama, Take Harper!
Does your club need to adopt formal rules of order on how your meetings should be conducted, such as RONR (Robert’s Rules of Order, Newly Revised)? If you watch your government sessions on TV, you might wonder. In Canada, sessions of parliament are chaotic with members yelling out of turn and banging their desks. In South Korea, physical fights and brawls have been known to break out. Fortunately, you can put those images aside — governments tend to adopt their own rules of order and as counter-productive and disgusting as those may be, clubs can do better.
We’ll talk about Robert’s here because the advantage of RONR is that it has been around since 1876, it is comprehensive and, most importantly, ubiquitous. That is, your members are more likely to be running across Robert’s at any other business, charitable or other club meetings they attend. The question here, however, is does your club need to adopt rules of order or not? Continue reading RONR — Needed or Not?