It will be interesting to see how this plays out politically.  If the Liberals are successful in lying to the public that these changes will only affect the top 1% and therefore turning it into a class warfare and envy issue, they may actually come out ahead politically even as the country takes another hit economically.

It is looking like only a backbench revolt by Liberal MPs will stop this stupidity or at least have it substantially amended.  Trudeau's cabinet is mostly composed of greenhorns, grifters and goofballs for whom a cabinet gig is the best paying job they will ever have so they won't be standing up to the unholy triumvirate of "its great politics to shaft the rich" Butts, More Dough Morneau and "just give me the script to read" Trudeau on this issue.  But a lot of backbenchers have been or have friends and family who are small business people.  They all know Emperor Justin is buck naked and maybe this time they'll stand up for their constituents and their country.