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Stephen Harper's attack on Canadian Income Trusts exposed!!

hehee. this should hit home with many canadians, myself included. many americans, and other foreigners, also got burned big time on the hallowe'en massacre 2006, particularly in the energy sector. in a nutshell, after his government announced plans to tax income trusts on hallowe'en (AFTER GETTING ELECTED BY SAYING THEY'D NEVER DO THAT), 35 billion$ of investors' wealth evaporated overnight. since then, an ADDITIONAL 20-30 billions$ has exited the income trust sector, mostly ending up in expensive blue chip financials, and real estate investment trusts, pushing up those market values even more. If there's any market corrections due, further wealth destruction has been set up to accelerate. Apparently, spoiler candidates in alberta (harpers home province) are already being fielded for the next election by the massive energy lobby in order to stab him where it hurts the most, his arse. anyway, sort of neat.

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Added: Mar-15-2007 
By: Perky
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Tags: Canada, Stephen Harper, Income Trusts, Liar, wealth destruction
Views: 6520 | Comments: 3 | Votes: 0 | Favorites: 0 | Shared: 1 | Updates: 0 | Times used in channels: 1
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