A hilarious bit from a Mark Steyn article I barely didn’t link to the other day:
In 1993, government spending averaged 52.2 percent in Europe, and 70.9 percent in Sweden. The Swedes have reduced government spending (as a fraction of GDP) by almost a third in the last 15 years. Their corporate tax rates are lower than ours. And that’s before Obama’s raised them. Last week, the donut chain Tim Hortons, which operates on both sides of the border but is incorporated in the state of Delaware, announced that it was reorganizing itself as a Canadian corporation to take advantage of Canadian tax rates.
“To take advantage of Canadian tax rates”? What kind of cockamamie phrase is that? And who’d have thought any columnist south of the border would ever have cause to type it?
And now, via Veronique de Rugy:
George Mason University’s Tyler Cowen has a piece in the New York Times looking at where spending cuts took place. Canada, he says, is the place to look for evidence that it can be done.