Silcoff takes over from Corcoran
Here’s a novel thought for Sean Silcoff to ruminate in his single data point journalistic account of why income trusts are bad by citing Precision Drilling, and only Precision Drilling, as he attempts to connect a line between one dot....how about letting investors decide where they put THEIR money rather than having reporters or the users of capital do it for them through the auspices of a crooked and incompetent government and enforced through fraudulent legislation?
Sean Silcoff is arguing for a world in which the masters work for the servants. I have news for Corporate Canada and reporters. Investors are the masters. CEOs the servants.
Why can Teachers (hypothetically) own Precision Drilling as a trust and everything is honky dory and they not pay tax? Or the Public Sector Pension Plan acquire deeply discounted and devalued Thunder Energy Trust, as occurred in 2007....or Abu Dhabi Sovereign Wealth Fund acquire deeply discounted and devalued Prime West Energy Trust in 2007 and not a peep of discontent from the likes of Silcoff?
How does that solve a problem that is alleged to exist? Instead it creates a new problem, where none previously existed.
Silcoff should at least attempt to be consistent, if only consistently wrong. Or does he come from the world where what’s bad for the goose, is good for the gander.
Why do I think he ghost writes for the CCCE?
Friday, June 13, 2008
Posted by Fillibluster at 9:12 AM