The Trudeau Liberals’ tax reform plan is careening off the rails while the train operators increase the speed of the locomotive.
Farmers, doctors, and other small business owners are furious and becoming more so as the prime minister and finance minister jog across Canada attempting to make their case that virtually accusing the aforementioned of being tax cheats is not an attack on their integrity, work ethic or entrepreneurial spirit.
Of course it is. Small business owners whose incorporation permits them to legally engage protective tax levers deemed fair by previous governments are not latent cheats plundering the national treasury.
Rather, these people assume risk and are entitled to reward.
After all, politicians at the federal level have job security, usually four years at a time, enjoy a salary and pay supplements well above the recently declared annual wealth threshold of $150,000.
The MP pension plan is almost cruelly beyond anything entrepreneurs or their employees might be able to wish for, but to qualify for the cash-for-life MP pension, an occupant of the parliamentary ranks must only be elected twice and/or serve six years.
Each dollar a member of parliament contributes to the MP pension plan is supplemented by additional dollars re-directed from John and Jane Canada’s annual tax burden.
If anyone is guilty of creating a template for cheating or plundering the national treasury, it is the elected and appointed parliamentarians occupying the Chateau by the Rideau.
The impact of the Trudeau/Morneau “tax fairness” plan will strike beyond the farmers, doctors, lawyers, dentists and small business operators. Former Liberal Minister of Finance John Manley revealed just days ago that a member of of the Business Council of Canada has already moved a company, and billions of dollars, outside our borders.
The train is indeed leaving the tracks — or perhaps it already has.
Roy Green is the host of The Roy Green Show and a commentator for Global News.