Commentary on falling corporate tax rates and poor investment, Treadway on 2012, and the glass covered highway.

The statement that ‘cutting corporate taxes is a key to rising investment’ is unfounded but like ‘the invisible hand of the market’ it is simple sentence that is easy to remember.

Investing in instruments of social justice like education, health, public transport and power are part of a wealth puzzle that ultimately must be paid for by public revenue.

Even Adam Smith knew that. Thanks to Nancy of Impolitical.

Winnipeg Free Press -- Rising corporate cash reserves raise questions about Jan. 1 federal tax cut
Profitable Canadian businesses are set to reap $2.85 billion in additional income tax savings in 2012, even as Prime Minister Stephen Harper complains about all the private "money sitting on the sidelines."

One strike you’re out.

Economist -- The one-shot society
The system that has helped South Korea prosper is beginning to break down.

More gloom.

The Dismal Optimist – The Dismal Outlook for 2012
“Dismal” is the only word I can think of to describe the economic and political outlook for the coming year.

Disruptive technology.

Globe and Mail -- No more snowplows or icy roads?
Canada paved its first highway, from Toronto to Hamilton, a century ago.