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It has been said that the difference between a farmer's boots and a politician's boots is simple: the farmer's boots have manure on the outside.
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Another difference: Farm fertilizer helps crops grow, but political fertilizer destroys countries. That’s especially true when the political fertilizer in question is the Trudeau government’s latest effort to promote the old excuse of taxing the wealthy.
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Taxing the wealthy is an old political trope. It always ends the same way.
The politicians who promote this idea want you to believe that the rich are people who have accumulated tax-free wealth through some nefarious means — which, of course, only applies to those lucky enough to win the lottery.
Trudeau's wealthy includes farmers, merchants, doctors and just about anyone with a little money saved after taxes — some of these people have almost as much cash saved up for retirement as Trudeau's MPs have saved up in their fantastic federal pensions.
Your midday sun
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Trudeau, who knows a lot about family trusts, wants to tax the greedy rich. We all know how this goes.
There are some truths you never hear in Trudeau's budget, like how the middle class has always borne most of the burden of supporting government. The poor don't have enough money, and there aren't enough rich people.
Ultimately, the middle class pays the taxes collected from corporations. Corporations attract investment based on their after-tax profits. If we raise taxes, corporations have to either pay less for their workers or tax consumers more. Either way, we end up paying it.
The most dangerous thing about taxing the wealthy is that it spreads the lie that ordinary people don't have to pay for government spending — a happy delusion that can ruin a country.
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None of this is new. Over 2,000 years ago, Laozi pointed out that if taxes are high, people will starve.
Farmers know better. A farmer who just puts seeds in the ground and expects a big harvest every year is a poor farmer. Good farmers know that if they want the land to be productive for generations, they must continually invest in maintaining the soil.
If you invest in the soil, the land will protect it for generations to come. If you get greedy and harvest crops without caring for the soil, the land will go fallow. Farmers also know that not every year is good. It is wise to save a little during the good years to get through the tough years. Wise is the man who puts fertilizer on the outside of his boots.
They don't care much about the people with the filth inside. The Trudeau government doesn't care about the future.
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While raising taxes may temporarily boost government revenues, the increase comes at a high cost: High taxes discourage investment in things the country needs to grow.
While the government loves to make a big celebration of taxpayer money “investment” in foreign-owned manufacturing facilities, its policies prevent people from putting their money into the small businesses that are the heart of the country.
Canada needs more investment in entrepreneurs and research and development. Taxing the wealthy reduces both.
Oddly enough, the Trudeau government is having a hard time selling its latest wealth tax plan. Perhaps it would be better to talk to farmers instead.
I wish I could apply fertilizer to the working surface of my boots.
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