This tax plan was devised by Dr. Wolfson at U of Ottawa in a paper entitled “Piercing The Corporate Veil”.  In the prologue, Dr. Wolfson pays tribute to Thomas Piketty and explained how he used Piketty’s methodology and social theories in drafting the paper. The Economist magazine refers to Piketty as “The Modern Karl Marx”, and after reading his book proposing a global tax system (and government), I would certainly agree with that label.

All that these recent tax modifications have done is put a bit of lipstick on this pig. They are still capping the formation of capital. Trudeau still has Wolfson’s paper firmly clutched in his hands. 

Canadians did not know that they elected a sleeper Marxist. The only other clue we got from the media was that Mr. Trudeau had expressed profound admiration for the manner in which Communist China was governed and mused how happy he would be if he had that kind of power in Canada. I then thought he was joking. It seems that he wasn’t.