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Energy Trend Setters: Canadian Income and Small Cap Stocks

Argumentum:
bravo. You nailed it with your comments on the "red herring" tax fairness argument that Flaherty made in crushing the income trusts. In addition to Price Waterhouse, CanAccord Adams did a phenomenal study which "destroyed" any credibility that the Govt had in its argument to defend the tax change. This was a sellout to ManuLife and the other giant finance/insurance cos that as you say could not or simply would not compete fairly with the income trust model. Sad to say the US Govt is not far behind with its incessant meddling in throwing money at banks, banning the shorting of financial stocks, and other idiotic ideas. It is a very pathetic state of affairs we are facing today. One final note to hearten energy investors is the fact that no currency that has ever lost more than 95% of its value has ever survived. The US Dollar has lost 98% of its value since 1930. You draw your own conclusions.




On Aug 20 12:03 PM argumentum ad crumenarum wrote:

> To cyberclark;As with all arguments against income trusts yours is
> thoughtless.The tax fairness plan is not designed to stop an unfair
> tax advantage .It is the destruction of an investment choice by investment
> vendors who could not or would not compete with them. It is an action
> by a govt interfereing in in the marketplace on behalf of a private
> interest unprecedented in canadian history.Start your study of income
> trusts by looking at the PricewaterhouseCoopers report on them so
> that you can speak with knowledge and not catchy sound bites.That
> sir,is not nonsense.