Wednesday, November 01, 2006

Tory Income Trust Flip-Flop is Fine

I've read in several places that the Tories' flip-flop on the income trust file is going to cost them the election. Hardly. They still may well lose the next round, but not because of this. How many voters are really going to care?

I generally find it hard to get upset when a government breaks a bad promise. Sure, false promises should be punished. But making the right decisions tends to soften me up.

In this case, the income trust loophole needed to be fixed and recent events were making that more clear. Waiting for an election to review their policy would have been irresponsible when action was required now.

Their decision appears abrupt, but that's for the best, too. Hints, leaks or warnings would have simply given some investors an advantage.

Now, that's not to say that the Tories don't deserve criticism for their switch. But the criticism they deserve is for all the grief they laid on the Liberals for a similar policy not that long ago. Still, it is better to switch now than to not act simply for consistency's sake.


At 3:32 PM, Blogger Mark Dowling said...

I suspect the Liberals will do as they did with GST - raise hell but leave things as they are when, as I think they will, they form the next govt.


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