Why Is Trudeau Going After Small Businesses Instead Of The Big Banks?

If Trudeau really wanted more revenue, he would look to the big banks making massive profits, instead of attacking Canada’s small businesses.

With most Canadians experiencing wages that are stagnant or declining in real terms, the increasing burden of taxes under the Trudeau government is making things worse.

However, while millions of Canadians struggle, bankers have done very well under the Trudeau government. For them, the good times are rolling.

The reported Q3 profit of Canada’s five big banks was $10.15 billion. Despite concerns over the housing market and massive levels of consumer debt, banking is clearly an industry that is doing well during the Trudeau era.

Yet, massive profits aren’t the only reason the banks must be happy with Trudeau. Through his so-called “Canada Infrastructure Fund,” Trudeau is giving $35 billion to a fund that will be heavily influenced by banks (both Canadian banks and foreign banks), and will put all the risks of failed investments on Canadian taxpayers – while giving banks all the rewards.

Trudeau’s willingness to serve the banks comes at the expense of the middle class, as we can see in his attack on Canada’s middle class small business owners.

If Trudeau was really concerned about fairness or government revenue, he would impose a tax on the banks, taking some of their immense profit. Instead, he’s taking from Canadian small businesses, which will have a devastating impact on the middle class and on the top source of jobs in our country.

By serving as a tool of the banks and choosing to attack small businesses, Trudeau has made clear that he is an enemy of the middle class, not a supporter of it.

The Trudeau government is skewing our rigged economy even further towards the powerful elites. In Trudeau’s Canada, the bankers get richer, while middle class small businesses get screwed.

That’s not the real change people thought they were getting.

Spencer Fernando

***

The elites want to hide their many failures behind political correctness, deception, and manipulation. We need to push back and spread the truth.

That’s why I write.

Building this website takes a lot of work, but it’s worth it, and there are two ways you can help:

1 – You can contribute monthly to my Patreon, or make a one-time donation through PayPal.

2 – You can share this article

6
Share Your Thoughts

avatar
6 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
6 Comment authors
don morrisjack grandvilleRoger ShelswellAnntwerpNik Allonby Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
niclal
Guest
niclal

Neither Trudeau nor his lame advisors have the financial or responsible foresight to take informed decisions … drama teaching does not provide this asset ….

Nik Allonby
Guest
Nik Allonby

Because in his budget he already made a deal with the banks to “bail in” the Government and steal 20% from your savings accounts!

Anntwerp
Guest

When you’re a ‘globalist’ and intend to ruin Canada and hand over to UN control, you don’t worry about such (in his eyes), minor issues.

Roger Shelswell
Guest
Roger Shelswell

VERY EASY QUESTION TO ANSWER HIS KICK BACKS ARE FAR LARGER THAN SMALL BUSINESS COULD AFFORD

jack grandville
Guest

I believe by now we all know the answer to your question, Spencer. Again, another reality of this so-called ‘leader of our country’ is the fact that he has never, as Pierre, any empathy whatever for Canada and his allegiance is strictly to the international elitists, from whom he gets his ‘marching orders.’

don morris
Guest
don morris

The government,this or any government,will NEVER “go after” the big Canadian banks for the simple reason that they ARE the Canadian establishment. Look at the Boards of Directors and high ranked executives in the Big Five, political types abound in their ranks. Same as with the Big Corporations. The banks in Canada are as untouchable as The Queen. This is the reality of the intertwining of government and the Bigs in Canadian business. Remember back in November, 2015,just after the LPC won their nice safe majority,a few days later,there was a tiny two paragraph item on the business pages mentioning… Read more »