Harrison Ruess: Why is the government attacking Canada’s aviation and aerospace jobs?, by the_lineca
AIAC’s study
Got that? To collect roughly $10 million of tax revenue from the dastardly rich, the government is going to snuff out 2,000 direct blue-collar manufacturing jobs and cost itself nearly $30 million in income tax for good measure. It’s going to lose $20 million a year! And this doesn’t even count forTrying to spite the rich, it would seem, is not an especially effective way to develop government policy.
Beech then calculated that these lost sales amounted to 480 lost plane-building jobs, worth $4 million in lost federal taxes. By contrast, between Jan. 1, 1991, and June 30, 1992, the Internal Revenue Service collected just $158,000 in luxury taxes from airplane sales -- enough to run the Agriculture Department for 15 minutes.
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