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Tuesday, May 5, 2015

Justin Trudeau's big announcement is an income redistribution nightmare

The Liberal Party of Canada has revealed its new income redistribution scheme, and if it were not for the fact that he's been dead for 132 years, I would have suspected that Karl Marx has become the Liberal Party's new policy adviser.

The really alarming part of the Liberal plan is the new 33% rate on incomes over $200,000.

In fact, the 33% rate understates how much the Liberals plan to soak high-income earners, because the Liberals also propose to cut the Annual Child Benefit down to $0 for those with incomes over $200,000; unless the family includes three or more children.

At the heart of this tax policy change is the misguided belief among leftists like Justin Trudeau that high income Canadians aren't paying their fair share in taxes.

The facts suggest otherwise...

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