RISK: Economist Says Trudeau Tax Changes Could Cause Recession

A prominent Canadian economist says Justin Trudeau’s tax increases on Canadian entrepreneurs and small businesses could “tip the economy into a recession.”

As reported by BNN, David Rosenberg – an economist from Gluskin Sheff + Associates – said, “My disappointment with much of what already has been done, and the pledges to tax capital in all its forms, are only going to act as major constraints on growth.”

Rosenberg also warned of possible damage to the economy:

“Making any rash changes, as seems likely, could very well tip the economy into a recession.”

Trudeau Liberals are “killing entrepreneurship.”

BNN also notes the comments of Canadian investor Stephen Jarislowsky, who says the government is “killing entrepreneurship.”

Trudeau pampers big banks and global corporations, while punishing Canadians

The outrageous irony in Trudeau’s false claim to care about “tax fairness,” is that his policies (including letting Canada be bought out by China, giving $35 billion to a fund dominated by global banks, and refusing to truly crackdown on offshore tax havens or tax loopholes used by massive corporations), are all about enriching the powerful.

He is simply using his tax attack on Canadian entrepreneurs and small businesses to distract from his elitist agenda.

If Trudeau’s dangerous policies cause a recession, all of us will pay the price in reduced wages, lost jobs, and increased poverty.

As always, Trudeau is seeking to put his political interest above the well-being of Canadians.

Spencer Fernando

8 comments Add yours
  1. How loud does not anyone have to be, to be heard by the Liberal government and Trudeau to change their irresponsible course of action. If they proceed in the same direction, we will know 100% that Trudeau definitely wants to destroy Canada and its economy. We know it already, but that one will be the tip of the iceberg.

  2. There can no longer be any doubt that Trudeau’s policies in total pose a distinct threat, not only to the economy but our very existence as an identifiable, separate and independent nation. This person is clearly following the same agenda as did daddy, with the identical threats to our economy and our history. If we are to survive as an independent nation with an enterprising economy, he must be defeated at the next election. My personal feelings are that his policies and his actions might well be seen as criminal, if not treasonous.

  3. Frankly speaking “Justin TRUDEAU DOES NOT GIVE A DAM” is as simple as that.
    Canadian media that have sucked up to Trudeau by keeping him safe and protected from the ordinary Canadian who are struggling each day to make end meet’ will find themselves in that same position. One by one of reporters will eventually lose their jobs. Why pay countless of reporters to write and repeat the same story when only one reporter is enough. I guess those reporters will soon learn a lesson ‘NEVER TO PAY PLAY GAMES WITH PEOPLE’ LIVES.

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