Wednesday, October 14, 2009
Mark Carney: "Captive regulator" working on behalf of Goldman's clients to kill income trusts
Posted by Fillibluster at 9:19 AM
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CANADIAN ASSOCIATION OF INCOME TRUST INVESTORS WEBLOG
As you well know, the ‘income trust thing’ has grown beyond the question of whether fair taxes are paid on income from trusts. It’s become a giant dirty snowball, and as it rolls forward it accumulates more and more bulk. There are so many unanswered questions. Let's list a few and invite our "Accountable" government and our free press to provide some much-needed answers.
It is said “Trusts are inefficient use of capital. Why?” Two related questions are ‘Whose money is it, anyway?’, and ‘Do Canadian investors have a free and efficient market?’
How can information that is already in the public domain at SEDAR make for a state secret? How could such information be used to harm the Canadian national interest? And who would cause the harm?
Why won’t the Canadian media investigate the falsehoods and misrepresentations told by the Minister of Finance to a committee of Parliament? Was the Minister in contempt of Parliament?
Why won’t the Canadian media report (a) government tax revenues gained from BCE in 2006 when BCE was a corporation to (b) government tax revenues that would be gained in 2007 from BCE, if BCE had been allowed to proceed to a trust, and (c) government tax revenues that will be gained in 2007 from BCE, when BCE ownership has been carved up as 45% foreign ownership and 55% large Canadian pension fund ownership?
1 comment:
Wow---has that guy hit the nail on the head.
"Wall Street runs our gov`t".
Toss in Goldman & Power Corp , & they run ours as well.
I used to laugh at this stuff as being the junk for serial alarmists who were no more than a fringe to be discounted.
Wrong.
This is the stuff of reality & this reality is about to become even more entrenched.
The big questions is , how do we turn this around---can it be turned around.
I can say for certain , with the present crew in Ottawa & in Washington , this turkey has just begun to fly.
Local politicians are nothing more than shills for big business--sure , they get us a few tidbits , but on a national scale everything is done with the big CEOs in mind.
Toss us the crumbs , give the caviar to Desmarais & his kind.
Good luck to us ---with the present crew & with those in waiting , nothing will change.
We need just one hero who has the ability to unite Canadians in an effort to retake the control of our country -- If anyone has seen one out there , please let me know
Dr Mike Popovich
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