Views from the lake - eh?: “The greatest government theft of private wealth in history”
... But the main thrust of his piece is focused on the Cons lies about income trusts. According to Barker, Flaherty and Harper were acting under pressure from senior corporate and insurance industry lobbyists whose companies were being negatively impacted by the growing popularity of the income trust investment vehicle. And so, without a shred of hard evidence and using highly suspect tax calculations, Harper and Flaherty reneged on a major campaign promise a mere 9 months into their mandate. As a consequence $35 billion or so of wealth in the Canadian markets was effectively vaporized overnight, affecting thousands upon thousands of seniors and RRSP holders. ...
... But the main thrust of his piece is focused on the Cons lies about income trusts. According to Barker, Flaherty and Harper were acting under pressure from senior corporate and insurance industry lobbyists whose companies were being negatively impacted by the growing popularity of the income trust investment vehicle. And so, without a shred of hard evidence and using highly suspect tax calculations, Harper and Flaherty reneged on a major campaign promise a mere 9 months into their mandate. As a consequence $35 billion or so of wealth in the Canadian markets was effectively vaporized overnight, affecting thousands upon thousands of seniors and RRSP holders. ...
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