A forgotten lesson in the annals of bad economic policy is that the poor always pay the highest price. Our latest example comes from Venezualan Nicholas Maduro, who now claims he’s going to implent a recovery program to help the poor, which has risen to 75% of the population thanks to the very policies of Hugo Chavez and Nicolas Maduro previously brought in!

Michael has the results of a CD Howe Study that concludes that increases in payroll taxes are passed almost entirely to workers in the form of lower wages. Another study concludes that wages in Provinces drop by more than a dollar when corporate tax revenues increased by a dollar. 

Now that Canadian Taxpayers are owners of the Kinder Morgan Pipeline, the Feds are forming a Crown Corporation to be in charge of building the $7.1 billion project. The question is, will people in charge of building the project will be chosen on the basis of gender & diversity or other government dictates instead of merit, based on experience and track record. 

Michael identifies the force that has served him well in correctly forecasting Brexit, The Election of Donald Trump, the rise of populism & the anti-establishment movements in Italy, Hungary, Spain. All part the catalyst for the breakup of the EU.