William Watson does and excellent job explaining why taxes hurt business HERE. Donald Trump who is a master businessman knows the damage higher taxes do to business so he’s taking the opposite approach to Canada and cutting taxes. America will go BOOM! while Canada goes BUST!
But Canada is a Socialist Welfare State so the consequences of less business and less profit will not affect Canadians who will get their welfare either way.
The best thing government can do for business is to get out of the way which means cut taxes and regulations. Let the free market decide which businesses win and which are driven out of business. That’s not only fair but it’s moral too meaning it will make human life easier.
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