On Income Trusts

Why are we fighting this? We're putting politics ahead of good policy, and that's the last thing we should be doing right now.

There are strong economic reasons to convert to income trusts, but we shouldn't be incentivizing the income trust-ization of our economy with the massive tax shelter which they've thus far enjoyed.

The theoretical economists who whine at the notion of double taxaton may be right, but they need to move past their abstract models and examine how they map onto the real world. There are exceptionally good reasons for taxing the hell out of income trusts.

Anonymous Liberal