Anthony Furey: The Response to Feds’ Capital Gains Tax Plan Has Been Swift and Fierce

The condemnation of Prime Minister Justin Trudeau’s plans to confiscate a greater percentage of capital gains from people and businesses was one of the swiftest and fiercest responses to a public policy announcement in recent memory. I guess that’s what happens when you try to take away people’s hard-earned money. Prior to Wednesday’s federal budget reveal, there had already been rumours that Trudeau and Finance Minister Chrystia Freeland were planning to finance billions of dollars in more spending by raising taxes. The spin was that they’d be taxing the rich to make sure the highest earners were paying their “fair share,” whatever that tiresome phrase means. This may have left the impression in peoples’ minds that it would only be billionaire titans of industry who would find themselves left with a few dollars less at the end of the year to the benefit of the rest of us....