So taxes are The fault of the US of A!

[merrylander]

Originally Posted by donquixote99

But 'friendly and hostile' are in relation to the existing management. The buyout is in relation to owners of stock. Not some thing.

Again, is the idea here that some people should be stopped from buying stock sometimes? Or what?

Not an idea but what actually took place. Ameican interests with near bottomless pockets bought up huge chunks of Canadian manufacturing and since the resources they wer extracting were not really theirs it more or less amounted to rape.

[donquixote99]

But if they buy the rights, they are theirs.

The 'R' word is a lovely emotional trigger, but what changes, actually, if it's Americans instead of Canadians in the boardroom? Is it your claim that Canadian capitalists are noble, kind and wise?

[piece-itpete]

Originally Posted by BlueStreak

... Instead of blaming Canadians, maybe we should blame ourselves? ...

No way, I'm with John Candy, blame Canada!

Pete

[merrylander]

Originally Posted by donquixote99

But if they buy the rights, they are theirs.

The 'R' word is a lovely emotional trigger, but what changes, actually, if it's Americans instead of Canadians in the boardroom? Is it your claim that Canadian capitalists are noble, kind and wise?

Some were, at least they are still paying my pension after 30 years, but by no means were all so inclined, but they are all subject to Canadian laws.

[donquixote99]

Originally Posted by merrylander

Some were, at least they are still paying my pension after 30 years, but by no means were all so inclined, but they are all subject to Canadian laws.

I'm still trying to get my mind around why it becomes rape, if the guys in the boardroom aren't 'from around here.'

Companies in Canada must follow Canadian law, of course. Are you saying the American executives are lawbreakers? Throw the book at 'em!

[merrylander]

Originally Posted by donquixote99

I'm still trying to get my mind around why it becomes rape, if the guys in the boardroom aren't 'from around here.'

Companies in Canada must follow Canadian law, of course. Are you saying the American executives are lawbreakers? Throw the book at 'em!

It becomes rape just as when mining companies here blow the tops off of mountains to get at the coal. Frankly the corporate image is rather tarnished world wide.

[donquixote99]

What I'm getting at, of course, is that it sounds like if a 'Canadian' company digs up minerals and sells them on the world market, that's industry, but if an 'American' company does exactly the same thing, that's rape.

[merrylander]

Originally Posted by donquixote99

What I'm getting at, of course, is that it sounds like if a 'Canadian' company digs up minerals and sells them on the world market, that's industry, but if an 'American' company does exactly the same thing, that's rape.

If a Canadian company digs them up and invests the profits in Canadda that's fine. But if a foreign company digs them up and runs off with the profits where has the country benefitted. Canada was not the only place they did it, I just happen to be more familiar having lived there 52 years.

[donquixote99]

Originally Posted by merrylander

If a Canadian company digs them up and invests the profits in Canadda that's fine. But if a foreign company digs them up and runs off with the profits where has the country benefitted. Canada was not the only place they did it, I just happen to be more familiar having lived there 52 years.

First, the country benefits because the Canadian owners of the mineral rights got paid (at some point). If the minerals were on public land, the company typically must pay a lease fee to the government.

Second, the country benefits from the wages paid to workers.

Third, the country benefits from any Canadian sales of supplies, equipment and services, for the operation.

Fourth, the country benefits from taxes on said profits.

Fifth, the country benefits from the cash inflow when the US company buys a Canadian firm. The Canadian recipients of this cash may invest in other productive Canadian enterprise, or create economic stimulus in Canada by buying other Canadian goods and services.

Sixth, the country benefits from the creation of durable productive assets in Canada, which will generate employment and the other benefits mentioned, over time.

And there is nothing that says the US company can't invest in Canada, or that a Canadian firm will.

[whell]

Originally Posted by Bigerik

Well, after the US attacked our currency and bought up our domestic manufacturing base, what did you think would happen?

Crockola. There are a fair amount of Canadian - owned manufacturing entities - and other sectors represented as well - in the US.