Wednesday, 19 July 2017 13:18

Prime Minister Trudeau’s infrastructure bank plan will just help the wealthy

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Editor:


We must explore the negative effects of the financial deliberations of the Justin Trudeau government, with his proposed infrastructure bank for foreign investors to reap great profits. His ongoing photo-ops around the world at the expense of Canadians, it seems, come first and leave no time to explain and debate the merits of the plan in Parliament.
I predicted some time ago, with his ongoing worldwide pontifications, about his almost obvious long-range plan to become the international guru of the United Nations, and this is the reason he broke his election promise to change the country’s election mode.
The tremendous profits the world’s wealthy would reap with the infrastructure bank would rob our own country’s construction companies and workers.
The PM’s move resembles Stephen Harper’s five-year tax-free invitation to foreigners.
Secondly, history shows the use of our Bank of Canada, which answers to the federal government, had previously financed loans and infrastructure projects interest free for years.
It seems his motives are favouring the wealthy, whose five per cent already own 90 per cent of the wealth of the country.
Now we know why Prime Minister Trudeau reneged on his most vote-getting promise at the start, and one wonders if he knows the financial and economic travails of the average working man and his family, especially with the uncontrolled and never-ending escalating living costs.
The uncertainty and political furor in the world today is escalating.
Hopefully, restraint and sensibility will endure and peace and goodwill prevail.
For fairness and political honesty, we look for the new provincial government in B.C. to show the country the promised change in the election mode.
Frank J. Toth, Lethbridge, Alta.

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