Growing up in the 80s when the dollar was “strong” we would head to Canada to go skiing. Now the reverse is happening. If you’ve been to Jay Peak in Vermont lately, which is right near the Canadian boarder, you’d swear you’re in Canada.
There’s a lot to like about Canada. For starters its banking system didn’t explode back in 2008, and their corporate tax rates aren’t the highest in the free world like ours. So can you blame Warren Buffett for jumping in on the Burger King/Tim Horton’s deal and the 9% yield? I can.
Instead of complaining about how he pays more taxes than his secretary, Buffett might want to talk about lowering taxes for businesses back home. A good place to start would be to educate the high-tax crowd in D.C. about how lower tax rates attract investors. Eh Mr. Buffett?