Wednesday, October 7, 2009

Due diligence at the Toronto Star

Carol Goar on Harper's fabricated tax leakage claims:

“I didn't explore the possibility that [Harper] was lying. Perhaps I should have.”


CanadianSense said...

I am impressed on your poll results. Visitors to your site are clearly out of touch with Canadian voters and reality.


Dr Mike said...


The small investor was the real victim here as the gov`t just sloughed-us-off as a bunch of disgruntled old fart whiner malcontents who had a feeble perception of the Harper promise.

He said that his only promise was to protect the income of seniors & had nothing to do with not taxing income trusts.

What the devil , as most seniors were investing in trusts for the income.

Not only did he cut off this income stream but he decimated the savings of those same individuals.

So Carol Goar , perhaps a little due diligence would have stopped the Harper insanity in it`s tracks.

Dr Mike

PS---despite what they say , Flaherty is not an award winning genius--he may have won an award but when you are the best of a horrendously bad lot , then the award is not worth the paper on which it is written.

Dr Mike said...

Canadian Sense

"A man who is angry on the right grounds, against the right persons, in the right manner, at the right moment, and for the right length of time deserves great praise." - Aristotle

Your profile statement describes us to a T.

Thanks for that.

Income trust investors
Dr Mike Popovich
Rodney Ont

CanadianSense said...

Can you define how much the small investor lost in the income trust flip flop?

How many seniors lost 'millions' through the flip flop?

I can't find how your math makes any sense?

BTW I was invested in Trusts and lost 60% of valuation but was NOT using that one group of funds for an income stream.

Since the "flip flop" the CPC have been returned to power so that single issue has been judged. Did you run against the FM and lose in his riding?

Anything else?

Dr Mike said...

Canadian Sense

I can tell you how much I lost & cannot speak for anyone else & the 60% figure is slightly high in my case--even with the recovery & re-invstment of the distributions , I am still down around 20% on the original investment.

Others I know & talk to regularly are in similar patters.

So the losses are substantial.

When you are older & rely on these things to live day to day , then this whole thing really hurt.

As a Conservative supporter most of my life , I found Harper`s response callous & unwarranted---I voted for the guy based on his promise not to tax trusts.

He completely ignored the small investor & that is wrong.

A modified piece of legislation would have avoided all of this hassle & it would have given the big corps what they wanted as well.

In my case , I had a devastating illness at 52 & had to retire---I invested my savings in order to live day to day--so Harper`s plan was a real killer.

Just knowing that this did not need to happen is the worst thing for me----if he had just done the proper consultation & modified the tax plan , very little damage would have been done to those who could least afford it.

Dr Mike