Thursday, February 25, 2010
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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?
9 comments:
Holy Toledo Batman--but the format looks familiar to ads I saw in 2007.
Great art copies life.
Bill
Bill:
You can only be referring to the CAITI ads.....or maybe the Catalyst Ads re BCE! They aren't the same because it's the same graphic artist who produced the ads, but rather because the ads are aimed at the same "graphic" idiots in Ottawa!
Brent Fullard
It is a real shame when it has to be up to the victims of "bad" gov`t policy to actually offer a fix to that same policy & offer it to that same gov`t that caused the nightmare in the first place.
Our PM recommended that we buy trusts & include them in our portfolios---he barked this out in speeches that he made all across this country--then he threw us the shaft.
We were left to deal with the after affects on our own---these people couldn`t care less what happened to the small investor , they didn`t care at all.
The Marshall Plan gives these guys a way to look at themselves in the mirror in the morning.
Jim & Steve , no thanks necessary.
Dr Mike Popovich
When are they interviewing you as a way of saying thanks for your ad revenue?
The article no matter how watered down it will be, is necessary to increase visibility on a google search for the MSP.
Is the ad in the online edition?
You income trust lobbyists have a lot of money, don't you?
Daniel
No money , just brains.
Dr Mike Popovich
Lot's of money?
You do the math Daniel.
2.5 million Canadians lost $35 billion of their life's savings based on Harper's lie about tax leakage, along with all taxpayers who have lost $1.5 billion a year in tax revenue from the 51 trust takeovers to date.
Membewrship in CAITI is $30.00 a year (optional).
Let's assume ten percent of those people join CAITI and ten percent of those who join pay the optional fee of $30.00 a year. That's $750,000 a year to fund CAITI, and since the people working for CAITI don't get paid a dime, there's lot's of money to spend on ads.
Do you think a $750,000 investment represents a good return on investment if it means recovering $35 billion of lost savings and the restoration of democracy in Canada?
Daniel Miller, have you really looked at all the facts? Are you really in favour of putting down elderly, retired people whose income has been cut back considerably because of the decision to double tax Income Trusts? Are we not entitled to an explanation as to why the decision was made? What kind of a person are you? Please have a look at the facts on the CAITI website. BB
Does this mean there will be no article for This Week?
Great explanation on CAITI finances but we only have a certain amount of time to spread the word on MSP before the budget.
Seriously if an article hasn't been done (the article will show up in a google search - ad unlikely in their online edition) please call your rep. According to Metroland co. policy, employees and contractors have to believe in online media and grow that area of their business. CAITI and MSP have a following all over the country. Members across the country are curious to see what the local rag in Flaherty's riding thinks. Metroland benefits from getting hits to their site from yours.
Win, win for everyone if the article is done since you can easily put a link to their site. Some of the Calgary & BC residents have been so amazing on this issue, I am sure if an article is done, they will help and clik.
CAITI has spent a more money in ads for that paper compared to other non-profits and businesses who receive articles in return. To my knowledge I have seen nothing about CAITI for how much has been spent. The article is a standard thank you for your business. So besides the article, at this point they owe you a photo op.
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