The damage is already done
Published 20 minutes ago
Re: Flaherty right to worry about burden on young, May 11
When I read your article’s opening line — “Jim Flaherty has stated the first principle for any national initiative to help Canadians increase their retirement income should be: Do no harm” — I couldn’t help but wretch in disgust. This is the same Jim Flaherty who broke the Conservative “promise” never to touch trust units, thus wiping out nearly $35 billion from investors and retirees alike.Do no harm? No government in Canadian history has done more harm to retirement incomes than the Conservatives, led by the dictatorial duo of Jim Flaherty and Stephen Harper.Income trusts were an ideal vehicle that provided retirees a dependable and steady stream of income, while at the same time allowing Canadian-owned corporations the ability to raise capital for further growth and expansion.And what has happened since the Halloween Day massacre? Retirees have seen their life savings vanish and many once-prosperous Canadian-owned companies are now in the hands of foreign owners.Do no harm? It’s way too late for that, Mr. Flaherty.
Wednesday, May 12, 2010
Posted by Fillibluster at 7:59 PM