Tuesday, April 10, 2012

Got you by the budget balls Dalton!

Andrea Horwath, Leader of the Ontario NDP, is threatening to bring down the McGuinty Liberal government if her demands aren't met.

Ms. Horwath wants to tax the rich even more, and has a way to magically create jobs using taxpayers money. Hmm, wasn't that trick was used for GM and Chrysler?

Ms. Horwath is proposing that the 
McGuinty Liberal government redirect $250 million in planned spending on business subsidies (she has a point there, what a waste that would have been) to a new tax credit that ties government handouts to new hiring. Employers would be reimbursed for 10% of the salary paid to each new employee in the first year, up to $5,000. Genius, sheer genius. So, we get a new rule, making government even more complex than it is, and even more government intervention into the marketplace. Its win-win for the politicos!

You've got to hand it to her she has good intentions, but even the best of intentions often don't work.

Have a look at this excellent little video on minimum wage, a good intention gone awry.

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