Why the Poor Get Poorer: The Rich Got a Tax Break Stemming Back over 30 years

The reason why the poor get poorer is because the corporations and businesses owned by the the rich pay less taxes than they did 30 years ago.

Most of our current financial problems in Canada are attributed to NAFTA.

Signed in 1994 NAFTA was a response to the US recessions in the 1980s and 1990s, and was designed to eliminate trade barriers between the US's closest trade partners, Canada and Mexico.

The simple economic rule is:

Less taxes == less money to service the poor

Low taxes give the rich less of a tax burden, whilst placing an increasing burden on the rich. In response to tax breaks, corporations tend to hoard cash.

As well, the rich benefit from corporate welfare, which is more costly to taxpayers than public welfare because of the recent bailout of auto corporations and the Canadian government's propping up Canadian banks,

If the rich's Canadian tax burden was increased by 1 percent, then a few of the problems BC is undergoing would be reduced.

It would also revitalize the economy, resulting in more jobs with better wages.

Perhaps it's time for Canada's rich to pay their fare share.

For them to call a 1% tax increase unfair is laughable, as the corporate tax rate now is unfair to Canadian tax payers.