Where did all the fear mongering on income trusts come from, if not the insurance industry and the good folks at Manulife and Power Financial, whose sales of inferior investment products suffered in the presence of income trusts, and who the insurance industry turned to the Stephen Harper government to eliminate........whereby Harper used the falsehood known as tax leakage.
Bottom line: Competition was stifled, investment choices were eliminated and billions were lost by millions to enrich the few who basically own Canadian politicians.
Here we learn from Bull Moyers of PBS how the US insurance industry had a campaign to discredit the concept of public health care in order to maintain their monopoly on health care:
Watch Bill Moyers here
Monday, July 13, 2009
Posted by Fillibluster at 9:35 AM