"Canada is destined to become a socialist backwater, following another term or two of this tax & spend mess."
Actually, statistics do not support your sky-is-falling generalization. And your misunderstanding about the economy, makes your reasoning about the Morneau tax suspect.
Consider:
1) According to the annual WealthScapes report from Environics Analytics, Canadian national household net worth rose 12 per cent over last year to $770,635
2) Canadians increased their savings by 5.6 per cent and their investments by 13.2 per cent last year.
3) Canada is leading G-7 nations with 4.5 growth rate
4) Ontario's unemployment is lowest level in 16 years (StatsCan).
5)Corporate profits in Ontario are up significantly. Corporate tax revenue jumped whopping 16.8 per cent last year, and 19.6 per cent in 2015. 
6) Ontario businesses surveyed by the Bank of Canada say sales are up and they're looking to invest in new equipment and hire additional staff.