From here:
Justin Trudeau is gambling that he can get away with a tax hike on wealthy Canadians to fund a middle-class tax cut for those who get “an ever-shrinking piece of the pie.”
The Liberal leader, long criticized for speaking in generalities, revealed the core theme of his election platform — Fairness for the Middle Class — at a folksy event in an Aylmer, Que., diner on Monday.
Specifically, he committed to a $670 tax cut for every Canadian who earns $44,701 or more — a pledge that will cost $3 billion.
It will be paid for by creating a new tax bracket of 33% for those who earn more than $200,000, he said. The Liberals project this change will bring in $3 billion, making the move revenue neutral to the federal government.
How is this really all is going to work, you might wonder. Like this:
Anyone who falls for the Liberal deception needs a wake up call. During my entire 80+ years I have never known any Liberal government, federal or provincial, that has not been riddled with deception and deceit. Just remember the sponsorship scandal which probably cost the taxpayer a minimum of ONE BILLION dollars. Worse still this was ongoing during the term of Paul Martin when he was Minister of Finance.
I cannot imagine anyone taking him seriously. A trust fund child with his mom’s brains.
Typical Liberal socialist policies. Justin is clearly his father’s son. This announcement is a blatant attempt to buy votes with someone else’s money.
As others have already commented: (1) There are not enough “rich” people in Canada for this idea to work, and (2) if implemented will do more to drive out the “rich” people and their job making entrepreneurship leaving Canada worse off instead of better.
People should very carefully think this through. Here in Ontario there are already a large number of small and mid-sized businesses thinking of relocating to the US (because of higher electricity costs and a stagnating Ontario economy under the Provincial Liberals). If this Justin tax change takes effect than what? If one business person decides to relocate he takes his income taxes and business taxes and jobs (for discussion let us assume 20) with him. Now another 20 Ontarians are out of work, no longer paying income taxes but instead depending upon EI benefits. But high school history teacher Justin thinks this is going to be tax neutral.