Since his untimely death last Thursday, on April 10th, 2014, there have been a lot of kudos for Canada’s former Finance Minister, Jim Flaherty. And, with good reason. As this Financial Post article suggests, one of his finest achievements was steering the country through the worst global recession since the 1930′s.
We know, for example, that in spite of criticism that a consumption tax reduction is not the best type of tax cut, he and Prime Minister Harper reduced the GST from 7% to 5% anyway. And, as a middle class consumer, I have to tell you, that 2% helps a lot, especially with big ticket items like a new stove or vehicle!!!
We also know that the current Conservative government has instituted income splitting for retirees and lowered income taxes for low income earners to 15%. In other words, according to this Conservative Party of Canada website, when it comes to cutting taxes, the Conservative government that so many liberals and progressives love to hate, has actually made it easier for lower income and middle class Canadians to manage their financial lives.
So, how would Liberal leader Justin Trudeau help the middle class, whose party if polls are to be believed, is apparently ahead at the moment? By instituting a tax on carbon — which means that prices would go up on everything. And, who would be impacted the most by such increases – the economically disadvantaged and the ever famous middle class?
Which reminds me how the Ontario Liberals improved health care for its citizens when, in 2003, former Premier McGuinty instituted a “health premium” and then proceeded to reduce services and close hospitals in rural communities. Talk about spin! The “health” tax does nothing to improve the health of the average person living in Ontario. Rather, since the money goes into general revenues, it helps pay for all the boondoggles like cancelled gas plants, as well as wind and solar developers who we will be paying, it seems, in perpetuity.
Truly, just thinking about why anyone would vote for a political party that thinks taxing everyone on the basis of what might happen in 2100 (particularly since climate has been changing since the world began), makes my head spin.
Anyway, on the topic of the federal Liberals and its leader, check out some of the sources on this Google entry, as well as this Financial Post article by Jack Mintz. At one point in Mintz’s column, he discloses the problem Liberals are currently having in distinguishing themselves from the federal Conservatives.
“Trudeau supports the corporate tax cuts made by Chretien and Martin but not those by Stephen Harper. This could imply an increase in the corporate income tax rate by seven percentage points to the 2006 level when Harper won power (this would result in the federal-provincial corporate income tax rate rising from about 26% to 33%, one of the highest in the world). Not sure what this would do for middle-class prosperity. Based on previous estimates, kiss away 200,000 jobs in the long run if a seven-point increase were to be adopted.”
In other words, while it sounds good to say you will tax the rich and not the middle class, who would suffer the most when you put a “price on carbon?” Certainly not the rich.
Anyway, what absolute hypocrisy! Trudeau and his federal Liberal supporters are screaming and yelling that the Harper Conservative Government is damaging Canada, while simultaneously complimenting Mr. Flaherty for how well he steered the country during his tenure. Then, given what Trudeau is saying, the minute they would acquire power, they would destroy whatever good Mr. Flaherty did.
Worse, on top of the federal Liberal spin about helping the middle class, most in the mainstream media promote Trudeau as Canada’s possible savior — sometimes to the point of gag-worthy simpering reportage. Moreover, the media is also easier on Trudeau. For example, this CBC interview was completely one-sided where the journalist asks easy questions followed by Trudeau simply explaining himself. Imagine a similar interview with PM Harper and you will get my point — that there would have been many tough follow-up questions.
Truly, when you know what Flaherty did for Canada, compared to what Trudeau wants to do, and the fact that the media essentially approves of what Trudeau wants to do, you realize that we live in a truly upside down world.