Thursday, September 7, 2017

do i have an opinion on trudeau's decision to cut tax loopholes for the upper middle class by preventing them from incorporating?

not really.

i mean, it's probably fair. but, it strikes me as more of a political ploy than a serious revenue generator. if they wanted to seriously generate revenue, they'd raise the corporate tax rate.

i wasn't supposed to put that together, though. and that was a part of the point of it.

i don't expect that many canadians will care much, either. nor will they forget about how low corporate taxes are.

....except for the bourgeoisie that's being affected, of course - which is actually the liberal party's fundraising base.

i read an article where gerald butts pats himself on the back, claiming that raising taxes on rich people is a kind of political license. i would rather expect to see it hurt the party's finances, and rather dramatically.