Currently, this money is being used to subsidize incomes for those displaced by a pandemic and to continue to stimulate our economy. None of this could happen without a strong economy to begin with. It is important for us to realize the impact of business and innovation in our society – the primary factor why many of us only have 1st world problems! Without this foundation of financial stability which funds infrastructure, military, and provide a social security net which is consistent work and income, society takes a turn, crime rates rise and people suffer. Only one year ago, the Canadian federal govern- ment changed small business tax lawswhicheffec- tively penalized businesses for being successful. Our leaders compared business owner’s income to that of a traditional employee. This simply is not a fair statement! Hear me out, this neglects the fact that business owners are managing
extra risk factors and securing employment and income for many others in the process. They also support the government acting as a tax collector and generating revenue to fund their programs. Tax laws that penalize success are actually coun - terintuitive for the success of the country and reduce the incentive for businesses to grow their investments. We need progressive tax laws that encourage business and make the reward worth the risk.
CONTRACTOR’S
BUSINESS IS ESSENTIAL by Dan Monk
I believe that society is only beginning to realize the critical importance of commerce and businesses of all sizes no matter where you are in the world. With many businesses impacted by a pandemic, it has allowed everyone to see the essential role these busi- nesses play in our daily lives. Businesses are much more then corporate entities trying to make profit. Business is about interactions between bosses, managers, staff, clients and extending beyond strictly business networks to families and friends. Business without relationships is just an empty shell because it’s really all about the people involved. We are discovering, as we adjust to the new normal, that businesses and their people are the engine that drive our entire economy, creates our lifestyles, keep us warm, fed, clothed. Where do you think our governments get their money? From businesses and the people they employ.
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JUNE 2020 • SPOTLIGHT ON BUSINESS MAGAZINE
SPOTLIGHT ON BUSINESS MAGAZINE • JUNE 2020
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