Fun fact: under Brian Mulroney's PCs in the 1980s the capital gains inclusion rate was hiked from 50% to 75% -- and the overall combined corporate rate was in the low-40s versus the current rate of 26.5%. And yet, businesses were formed. They took risks. Imagine that.
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@maxfawcett ...and interest rates were at least as high as they are now, possibly higher (too lazy to check)