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.