Friday, October 12, 2018

TRUDEAU EFFECT DRAGS DOWN CANADIAN STOCKS

   Trudeau and his ministers have made it clear they want corporations to become benevolent organizations that put workers before shareholders. They favour taxing corporations and the rich, and adding regulatory impediments and red tape to corporate activity. They are big supporters of income redistribution as opposed to making the pie bigger for everyone. They want to regulate the economy and nudge corporations to submit to the Liberal government’s social views and economic philosophy.
 Their policies take away economic entrepreneurship and wealth creation and replace it with handouts to every significant lobby and activist group. The Liberal government increasingly seems not to understand how people get jobs and how they get by, and how heavily favouring environmental issues stirred up by activists over economic concerns takes jobs away.
There’s an old saying that if you’re not a communist at the age of 20 you haven’t got a heart and if you’re still a communist at the age of 40, you haven’t got a brain. Canada today seems to be run by politicians in their 40s behaving like they’re in their 20s. Focusing only on the environment or on social engineering at the expense of working families is elitist. And Canadians are getting the sense that they are governed by a bunch of idealistic and dogmatic college students convinced they will save the world.

No comments:

Post a Comment