In a TV interview Finance Minister refused to answer the question about the effects of his tax proposals on small businesses and family farms. He continually reverted to the canned speech about how these proposals will only affect the wealthy few.
Morneau is either completely disingenuous, or arrogantly ignoring the comments and advice from tax professionals and small business and farm organizations across the country.
Morneau is relying on advice from Michael Woolfson, an ivory tower University of Ottawa economist who admits that he has not considered the agricultural industry, but believes that perhaps there are more efficient ways to produce food than through family farms.
With the kind permission of Moodys Gartner, I am reproducing his commentary.
Someone should remind the Liberal Government that the last time they relied on economists who know nothing of the real world, the result was the McEachern Budget, and we all know how well that turned out.