Thursday, June 18, 2015 

International Monetary Fund (IMF) Research PROVES 'Trickle Down Reaganomics' Do NOT Work !!!

 

The International Monetary Fund (IMF) has now released detailed research that proves a pillar of right wing economic theory DOES NOT WORK !!! Huffington Post


"The International Monetary Fund just blew a big hole through trickle-down economics. You’ve probably heard of trickle-down economics: It gained popularity in the 1970s and was a major part of the pro-business “Reaganomics” agenda of the 1980s.


The theory is simple enough: If you concentrate capital (money) at the top of the economic ladder (among the wealthy and corporations), that money will be more productive than it would be elsewhere, and it will create work and therefore income for everyone else. Whether it was sound or not, it was a compelling theory for many in the business and political world, because it meant, among other things, tax cuts for top earners. And it was used for years as part of the foundation for successive corporate tax cuts around the world.


But now the IMF is raising one little problem with the theory: Apparently it doesn’t work. That’s the argument in the fund’s new research paper, “Causes and Consequences of Income Inequality


Looking at data from 159 countries from 1980 to 2012, researchers found that when the wealthiest 20 per cent see their share of income rise by one per cent, the economy grows 0.08 percentage points slower over the next five years. “In contrast, an increase in the income share of the bottom 20 percent (the poor) is associated with higher GDP growth,” the report says.


When the poorest 20 per cent increase their share of total income by one per cent, the economy grows 0.38 percentage points faster. Translation: Give tax breaks or higher wages to the poor, and the economy will grow. Give tax breaks or higher incomes to the rich, and you reduce economic growth. “The benefits do not trickle down,” the researchers conclude."

Thursday, April 23, 2015 

How Stephen Harper Created the Duffy/Senate Mess ......



In a May, 2013 Buckdog post, I told you how the Duffy/Harper mess got started ...


May 20, 2013:
"When Stephen Harper decided to add Pamela Wallin and Mike Duffy to Canada's unelected, undemocratic Senate, he started in motion a series of events that has ultimately become an ugly, nasty political scandal.

For starters, neither Duffy nor Wallin qualified for senate appointment as representatives of their respective native provinces.


While Ms. Wallin is originally from Saskatchewan, she has lived away for most of her adult life and Saskatchewan was no longer her principle residence. Saskatchewan's right leaning corporate MSM came running to Harper's defence and tried to murky the waters about Wallin's residency requirement.
 

Same with Mr. Duffy. While originally from Prince Edward Island, he has for decades made Ontario the site of his actual 'principle residence'.

In his haste to add these two high powered, Conservative fundraisers to the 'Upper House', Stephen Harper and the Senate turned a blind eye to the residency requirements for Duffy and Wallin. In fact, to try and maintain the optics of residency in their respective provinces, both Senators started to declare, in writing, that their residences were 'back home' in both PEI and Saskatchewan.

Here is where it all went wrong.


In order to be appointed to the Senate, ‘principle residence' reality had to be fabricated in order for Harper's appointments to be acknowledged under existing Senate rules. False expense claims were the only way to maintain the charade ...

Stephen Harper wanted both Duffy and Wallin in the Senate so that these well-known Canadians could crisscross  the nation and rake in hundreds of thousands of dollars in donations for Conservative Party coffers.

Harper created this mess. It is his doing ... and hopefully, it will also be his undoing.

Amen.


-Buckdog 2008: Academic Says Pamela Wallin Does NOT Meet Residency Requirements - Should NOT Be Appointed Senator 'From Saskatchewan'!

Monday, April 06, 2015 

How come Sen Mike Duffy is charged with ACCEPTING a bribe yet no one in the PMO was charged with MAKING a bribe??

... just sayin'

Sunday, March 29, 2015 

"We're Number 11 ... We're Number 11" ... (Canada slips to 11th place of developed nations in the world under Harper)


Canada drops out of top 10 most developed countries list

The United Nations human development index now ranks Canada as 11th

Canada has slipped out of the top 10 countries listed in the annual United Nation's human development index — a far cry from the 1990s when it held the first place for most of the decade.
The 2013 report, which reviews a country's performance in health, education and income, places Canada in 11th place versus 10th last year.
A closer look at the trends shows Canada actually did better than last year, but other countries such as Japan and Australia improved at a greater rate.
When the numbers are adjusted for gender inequality, Canada slumps to 18th place. The United States fares even worse -- sinking from third to 42nd place.
"I think it's really sad to see that we've dropped so far under the Conservatives," said deputy NDP leader Megan Leslie.
"And I think it reinforces what the NDP has been saying, but also what organizations like the Conference Board of Canada have been saying, about the fact that there's a growing income inequality gap in Canada.
"That gap creates serious problems, and I don't think the Conservatives have been taking it seriously."
The Prime Minister's Office did not respond to a request for comment on the rankings.
CBC

Thursday, February 05, 2015 

Sask Premier Brad Wall May Use 'Notwithstanding Clause' To Sidestep Supreme Court Decision On Right To Strike ...





Premier Brad Wall continues to hold firm to the base ideology of a 'businesses over persons' ideologue and says he may invoke the Canadian Constitution's 'notwithstanding clause' to suppress a working persons right to strike in Saskatchewan.
CBC
The notwithstanding clause was used previously in Saskatchewan by Wall's former employer, disgraced Conservative Premier Grant Devine. 

"In 1986, the Saskatchewan legislature introduced back-to-work legislation to end a strike by public service employees. The government introduced the legislation based on the grounds it needed to protect the general public from the harm associated with the disruption of government service caused by the strike. The legislature went a step further by making a Notwithstanding declaration to protect the back-to-work law from any Charter scrutiny by the judiciary (in particular, to protect the legislation from being found unconstitutional on the grounds it violated a possible right to strike under the Charter). "
Mapleleafweb

Tuesday, February 03, 2015 

Sask Premier Brad Wall Trivializes Supreme Court Ruling That Protects A Person's Right To Strike In Canada ...




"... while Friday’s ruling could embolden the union moment, Wall senses that the rest of the public will be indifferent or even resentful of the unions’ legal win. At least, that sure seemed the case Friday afternoon, when he quite literally laughed off the potential multi-million loss by posting on Twitter that re-signed Rider Weston Dressler “was one essential service the Supreme Court can’t take away.”
It was an ill-thought tweet, considering Wall’s own political game-playing and anti-labour partisanship may have just cost us millions. But he’ll likely get away with it.
If Wall’s good at one thing, it’s doing just enough to downplay his failings — even when they are coming right from the Supreme Court."
Murray Mandryk

Mandryk is the political columnist for the Leader-Post

Thursday, January 15, 2015 

With Oil Prices Tanking, Thank Gawd That Premier Brad Wall Set Aside Some Royalty Money For Saskatchewan's Hard Times

... oh wait!!! That never happened!! Brad Wall blew a multi billion dollar surplus left to him by the former government AND he allowed the Oil industry to extract Billions of dollars out of the ground in the last 7 years with only a pittance in resource royalties paid to the province AND he spent every nickel that came into the public treasury!!

So much for the 'Saskatchewan Advantage' Brad !!!! :(



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