How The U.S. Lost Thousands Of High-Skilled Workers To Canada

[CanadianMalodu]

6 minutes ago, Raven_Rayes said:

India gives the highest return in the world (almost.. even after the high taxes).. so why is there more FDI in the US than in India?

taxes are only part of the equation. businesses moving in to a region have a lot of others things to consider

if you actually started a business, instead of just theorizing about it because you are ideologically blind, you'd probably think twice before you make all these claims.

 

Because, US intellectual property mechanisms are way stronger than that those present in India and it has far greater ability to absorb risks. Tesla stock is able to stand up in highs, although the company doesn't make monies. You can't expect something of that sort to happen in BSE/NSE. India doesn't confine itself to patent evergreening and sanctioning monopolies in the market. 

I have a side gig of consulting that I do on my own c2c. Still the billing rates that US clients offer doesn't match with of Canadian clients. I don't know where you lived in Canada, but Canada is pretty shitty at the moment and has been so for last 7 or so years. I know what I'm talking about.

 

[Raven_Rayes]

8 minutes ago, CanadianMalodu said:

Because, US intellectual property mechanisms are way stronger than that those present in India and it has far greater ability to absorb risks. Tesla stock is able to stand up in highs, although the company doesn't make monies. You can't expect something of that sort to happen in BSE/NSE. India doesn't confine itself to patent evergreening and sanctioning monopolies in the market. 

I have a side gig of consulting that I do on my own c2c. Still the billing rates that US clients offer doesn't match with of Canadian clients. I don't know where you lived in Canada, but Canada is pretty shitty at the moment and has been so for last 7 or so years. I know what I'm talking about.

so you agree that its not just about taxes, that attracts the capital.

you still wear serious ideological blinkers, and are not addressing what I'm saying at all. Canada is inferior to the US because its a small market, further divided by having trade barriers across provinces. It has nothing to do with taxes. simple.

taxes on businesses in Canada are not particularly high.

[Raven_Rayes]

9 minutes ago, CanadianMalodu said:

You can't expect something of that sort to happen in BSE/NSE. India doesn't confine itself to patent evergreening and sanctioning monopolies in the market. 

lmao.. India has no worthy patents that it can evergreen. and India has monopolies in all its extractive sectors.

India is a sh1t place to do business.

[CanadianMalodu]

33 minutes ago, Raven_Rayes said:

NY, CA has higher tax rate than Florida no? if capital flight happens because of tax, it must be super easy for everyone to move to Florida.. why do you think no billionaires other than those with passive investments move to Florida?

canada's tax rate is not 21%.. it's been 26.5% for a while. US tax rate is 21% plus approx 6%(on the lower side) in states.. The tax rates are almost the same. The difference is in how much of tax compliance exists in Canada, given how much Canada spends on its tax authority compared to almost nothing that US spends on IRS.. Its easier to cheat on your taxes in the US. on some occasions even the IRS gives you illegal exemptions like moving your IP to Ireland. The tax rate is not the issue here.

carbon tax..lmao. again California and Massachusetts have a carbon tax in the US. why are they thriving then?

there's no need to compare numbers on business moving to US. Canada is a small market and companies will always be forced to move out to expand.

you have such easy solutions for everything. decrease tax rates, and business will boom.. bs. there's a reason why republicans have trouble keeping the govt.. their ideas for the economy don't work.

My typo error. This is true. Moving out is different from branching out. There is a corporate exodus happening from California to Texas as well. Caterpillar, AT&T , McKesson have already moved to Texas.

That's true. Having more tax essentially means removing money from circulation, which basically means to cut down on consumer spending and having more overhead costs of dealing with government.

Even if you taken India, try digitalizing all transactions, and take taxes from street vendors not many will stay in business. Most small businesses in India are cash driven, and will pay less taxes as a consequence. They prosper as long as government doesn't get too nosy in their businesses.

[CanadianMalodu]

6 minutes ago, Raven_Rayes said:

so you agree that its not just about taxes, that attracts the capital.

you still wear serious ideological blinkers, and are not addressing what I'm saying at all. Canada is inferior to the US because its a small market, further divided by having trade barriers across provinces. It has nothing to do with taxes. simple.

taxes on businesses in Canada are not particularly high.

Tax rate is a major part. Ofcourse there are other factors like market size driven by population dynamics, technological advancements and ease of doing business and worker protections.

 

That's already known. I never contested that. To run a business successfully requires consumer attention which they get only when they have more monies to spend. With the level of debt that Canadians are carrying that's simply not the case. Income taxes are way higher in Canada for the equivalent salaries of that of US. This strips the consumers of the monies that they would have spent. Mortgage debts are also at an all time high squeezing Canadians wallets even more. The consumption taxes eat away a lot more as well in Canada.

 

[Raven_Rayes]

1 minute ago, CanadianMalodu said:

Tax rate is a major part. Ofcourse there are other factors like market size driven by population dynamics, technological advancements and ease of doing business and worker protections.

dude.. market is the biggest factor. Taxes are always flexible.

 

2 minutes ago, CanadianMalodu said:

That's already known. I never contested that. To run a business successfully requires consumer attention which they get only when they have more monies to spend. With the level of debt that Canadians are carrying that's simply not the case. Income taxes are way higher in Canada for the equivalent salaries of that of US. This strips the consumers of the monies that they would have spent. Mortgage debts are also at an all time high squeezing Canadians wallets even more. The consumption taxes eat away a lot more as well in Canada.

you are moving the goalposts to keep making the silly claim that low taxes would kick start Canadian economy. They wouldn't.

[Raven_Rayes]

10 minutes ago, CanadianMalodu said:

My typo error. This is true. Moving out is different from branching out. There is a corporate exodus happening from California to Texas as well. Caterpillar, AT&T , McKesson have already moved to Texas.

and dozens of next gen tech startups are springing up in California as well. they will be the next high worth company that california will spawn. california deliberately chose to tax this way to encourage this ecosystem. Ontario is trying to follow suit. it may or may not be successful.

13 minutes ago, CanadianMalodu said:

Even if you taken India, try digitalizing all transactions, and take taxes from street vendors not many will stay in business. Most small businesses in India are cash driven, and will pay less taxes as a consequence. They prosper as long as government doesn't get too nosy in their businesses.

this is an irrelevant point. None of these would matter if Canada had US market access the way UK had EU access before Brexit.

[CanadianMalodu]

3 hours ago, Raven_Rayes said:

dude.. market is the biggest factor. Taxes are always flexible.

 

you are moving the goalposts to keep making the silly claim that low taxes would kick start Canadian economy. They wouldn't.

Low taxes will of course result in more money circulation. Government has been printing money crazy and then piling deficits then taxing people which is squeezing the economy. As simple as that. There is no moving goal posts. The past of Canadian economy has been this way. The more the government grows the less the businesses and individuals prosper. 

[CanadianMalodu]

2 hours ago, Raven_Rayes said:

and dozens of next gen tech startups are springing up in California as well. they will be the next high worth company that california will spawn. california deliberately chose to tax this way to encourage this ecosystem. Ontario is trying to follow suit. it may or may not be successful.

this is an irrelevant point. None of these would matter if Canada had US market access the way UK had EU access before Brexit.

The success rate of start ups is 20%. To let go of established ones that are making monies is dumb. Even so, there is no guarantee that successful startups making monies will continue to stay in California. Ontario is ** as long as WEF puppets like Trudeau and Ford are in power. There is exodus of people from both California and Ontario as well. Inward migration is happening from Ontario, BC , Quebec to Alberta and outward migration to USA. Where as people are leaving California for states like Texas.

Canada already is a party to USMCA or NAFTA. Adopting EU style basically means accepting free movement of people as well. I don't think it needs to be there. Regardless, NAFTA /USMCA  killed the manufacturing sector in Canada and moved the jobs to Mexico. If only Canada cuts down on taxes, and bring it to level playing field of that of US on personal, consumption and corporate slabs, there will be more capital moving into Canada. But so long as WEF puppets are in place, I don't see it happening.There is a reason why rest of the Ontario barring GTA hates Trudeau and most fo the Western Canada hates him as well.

[Raven_Rayes]

1 hour ago, CanadianMalodu said:

Low taxes will of course result in more money circulation. Government has been printing money crazy and then piling deficits then taxing people which is squeezing the economy. As simple as that. There is no moving goal posts. The past of Canadian economy has been this way. The more the government grows the less the businesses and individuals prosper. 

There's no other way to sustain this economy. Low taxes my a$$. Even US is long past that stage. 

No economist with his head in the right place would suggest that.

But then you believe some dildoberg is running the economy from behind the scenes. Apparently average dumb Americans know how to run the country better.

Just lower the taxes and put more money in people's hands. Wonder no one thought of that. Lmao. Pls stop

[Raven_Rayes]

1 hour ago, CanadianMalodu said:

The success rate of start ups is 20%. To let go of established ones that are making monies is dumb. Even so, there is no guarantee that successful startups making monies will continue to stay in California. Ontario is ** as long as WEF puppets like Trudeau and Ford are in power. There is exodus of people from both California and Ontario as well. Inward migration is happening from Ontario, BC , Quebec to Alberta and outward migration to USA. Where as people are leaving California for states like Texas.

Canada already is a party to USMCA or NAFTA. Adopting EU style basically means accepting free movement of people as well. I don't think it needs to be there. Regardless, NAFTA /USMCA  killed the manufacturing sector in Canada and moved the jobs to Mexico. If only Canada cuts down on taxes, and bring it to level playing field of that of US on personal, consumption and corporate slabs, there will be more capital moving into Canada. But so long as WEF puppets are in place, I don't see it happening.There is a reason why rest of the Ontario barring GTA hates Trudeau and most fo the Western Canada hates him as well.

The success rate of startups are 0.1% or even less than that. So? 

Low income earners, and high passive income earners are leaving California. Productive people will stay. Taxes don't matter to them if their pay is doubling every few years. 

WEF puppet.. lmao. You are worried about toothless international organization's while cheering fascist scum. 

Let's see how much of taxes the next conservative govt cuts. There's not much room. I'd bet they'll not cut a single percentage. They just use this low taxes rhetoric for gullible people like you

[Raven_Rayes]

1 hour ago, CanadianMalodu said:

The success rate of start ups is 20%. To let go of established ones that are making monies is dumb. Even so, there is no guarantee that successful startups making monies will continue to stay in California. Ontario is ** as long as WEF puppets like Trudeau and Ford are in power. There is exodus of people from both California and Ontario as well. Inward migration is happening from Ontario, BC , Quebec to Alberta and outward migration to USA. Where as people are leaving California for states like Texas.

Canada already is a party to USMCA or NAFTA. Adopting EU style basically means accepting free movement of people as well. I don't think it needs to be there. Regardless, NAFTA /USMCA  killed the manufacturing sector in Canada and moved the jobs to Mexico. If only Canada cuts down on taxes, and bring it to level playing field of that of US on personal, consumption and corporate slabs, there will be more capital moving into Canada. But so long as WEF puppets are in place, I don't see it happening.There is a reason why rest of the Ontario barring GTA hates Trudeau and most fo the Western Canada hates him as well.

The success rate of startups are 0.1% or even less than that. So? 

Low income earners, and high passive income earners are leaving California. Productive people will stay. Taxes don't matter to them if their pay is doubling every few years. 

WEF puppet.. lmao. You are worried about toothless international organization's while cheering fascist scum. 

Let's see how much of taxes the next conservative govt cuts. There's not much room. I'd bet they'll not cut a single percentage. They just use this low taxes rhetoric for gullible people like you

[Raven_Rayes]

20 minutes ago, Raven_Rayes said:

Canada already is a party to USMCA or NAFTA. Adopting EU style basically means accepting free movement of people as well. I don't think it needs to be there. Regardless, NAFTA /USMCA  killed the manufacturing sector in Canada and moved the jobs to Mexico. If only Canada cuts down on

EU is almost one giant market. NAFTA is nowhere close to that. Its member states have tariff wars over and over. Canada lost its manufacturing to Mexico over cheap labour, not Taxes. Even US lost its manufacturing sector to Mexico, duh.

You keep missing the point that its not taxes that ail Canada. It's taxes are not that particularly high. Especially at the corporate level. Tax on investments is actually lower than the US in Canada. 

Your fear mongering of worthless organizations are beyond silly. I can't believe you are making fact free assertions like that without missing a beat.

 

 

[Raven_Rayes]

@CanadianMalodu you want Canadian govt to copy fcuking Texas? or Florida?

Canada's economy will be devastated if they do that. No big corporations are going to change their base to Canada just because of taxes

I've never heard any industrialist moving to a specific region because the taxes were low.

Canada can agree to be absorbed by the US, and get rid of its conservative gentry, moving them wholesale to Florida or some such sh1t.

 

[Raven_Rayes]

2 hours ago, CanadianMalodu said:

Low taxes will of course result in more money circulation. Government has been printing money crazy and then piling deficits then taxing people which is squeezing the economy. As simple as that. There is no moving goal posts. The past of Canadian economy has been this way. The more the government grows the less the businesses and individuals prosper. 

which govt has been printing money like crazy? canadian govt? they run lower deficits than the US as a proportion of gdp, if you didn't bother to check. Even under Trump, US ran huuuuuuuuuuuuuugee deficits.

If anything Canada has to run higher deficits, and so does most of the EU to kick start their economy.

low taxes putting money into circulation is a joke. people simply hoard their money or become rent seekers, sucking out productivity in the economy. like in Singapore, HK.