Wednesday Morning Links

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- Armine Yalnizyan presents the economic case to avoid further corporate tax cuts, featuring in particular a clear indication of how past cuts have failed to have the intended effect:

Little impact on investments: Federal corporate tax rates have fallen from 28 per cent in 2000 to 18 per cent in 2010. Business investment (in non-residential structures and equipment) as a share of GDP was 12.4 per cent in 2000. It was also 12.4 per cent in 2009, and on track for the same in 2010.

There are many things that drive business investment practices and while taxes are a consideration, they are not the primary factor in investment decisions. The historical evidence shows a commitment to this strategy is a costly faith-based proposition.

- Silly pogge. Don't we know by now that information only has value if it's priced out of the view of the rabble?

- I'll strongly disagree with Dubya's take on the range of possible outcomes if the NDP enters into a coalition following a future election. But it's particularly worth noting the reason why the NDP has the potential to avoid the problems faced by junior partners elsewhere who have bargained away their policy beliefs in exchange for nominal roles in government, as all evidence to date suggests that the NDP's priorities run in the exact opposite (and in my view correct) direction.

- Finally, Dan Gardner points out that we've been at exactly the same stage in an oil-dependency cycle before - and that it shouldn't be particularly difficult to avoid making the same mistakes again.