This morning (Monday, Sep 22, 2008), Liberal Party leader Stéphane Dion unveiled his party’s platform.
Some highlights (Remember Dion has already—up to last Friday—announced $80 billion in spending.):
- Restore contingency fund: $12 billion over four years
- Eliminate tax on income trusts
- Carbon tax of $40 billion—off-set in lower income tax, e.g., $1,300 for families earning $60,000 a year
- Reallocation between existing programs—$12 billion cuts over four years from existing programs to fund new ones—no specifics
- Kelowna Accord $2 billion—$5 billion promised originally
Not since the days of Pierre Elliott Trudeau have we seen the tax and spend philosophy of the Grits taken to such excess. Remember those years?
- Wage and price controls (Trudeau broke an election promise to implement these controls);
- Mortgage rates of 20 per cent plus;
- Fixed-income seniors financially ruined because of runaway double-digit inflation;
- Trudeaumania: a decade that saw huge government deficits, high taxes, massive government spending, a worsening economy and burgeoning national debt.
I lived through the Trudeau era and have no wish to see its return. Socialism is a miserable failure around the world, yet Dion wants to bring it back here. No thank you.