Here’s today’s lesson in why citizens need transparency in government: Mark Carney.
Mark Carney’s intellectual capacities know no boundaries. Correction. Make that, Mark Carney’s zealousness knows no boundaries. Mark Carney brings new meaning to the term multiplier effect. Mark was probably working hand in hand with Flaherty’s communications director Dan Miles when they made the decision to “pump up the volume” on tax leakage. Given that they had abandoned all reason and logic in the methodology they used to fabricate tax leakage, by leaving out the 38% of taxes paid by income trusts held in RRSPs, they probably felt no hesitation to “really make their case” by further falsifying matters.
Here is the enormous weight gain that the tax leakage numbers took on in the space of about one year, as between the Goodale consultative round and the Flaherty drive-by shooting round (source of all numbers: Globe and Mail, corroborated by testimony):
Size of trust market: $180 billion
Mark Carney’s annual tax leakage: $300 million
Harper/Flaherty/Dan Miles Round
Size of trust market: $200 billion
Mark Carney’s annual tax leakage: $600 million
Mark Carney’s Zealous Multipliers:
Size of trust market multiplier: 111%
Mark Carney’s leakage multiplier: 200%
Mark Carney’s inherent Pump Up the Volume Bold Face Lie: 80% (200/111)
Well, that’s very comforting to know that our Bank of Canada Governor-elect has no intellectual or ehical boundaries when it come to presenting his case to Canadians, in which he freely thinks he can manufacture numbers in support of his fraudulent case. And to think that there are those in the press (Jonathan Chevreau) who have written articles entitled: “Earth to Trust Investors, Ottawa is not responsible for your losses. Stop your Manufactured Rage”
I wonder who helped write that nifty article?. Dan Miles or Mark Carney?
Maybe Dan Miles is more qualified to be the next Governor of the Bank of Canada. Or is he slated to head up the Access to Information as Disinformation Commissioner.
Wednesday, October 10, 2007
Posted by Fillibluster at 9:42 AM