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 . 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.