LINK: NewsAlert: Liberals pare down scope of passive-income measure for small business | National Newswatch

The economic denialism on the part of this government is staggering. Nearly every sentence that ends with the words “the official said.” contains a misleading claim about how passive investments work. Basically the official is claiming that this money is not being put to productive use, that is just “sitting” in the investment accounts, but this “cash” is somehow still magically generating returns this government claims it wants to tax. What is so maddening about this issue is that not only does this government run deficits, borrowing from future generations, but if they push this change through, they will be in effect stealing future tax revenue when the passive investments are eventually converted to personal income. ARGH!