In 1845 protectionism expired to birth the income tax.

…The budget of 1842 reduced the tariff on some 750 articles, and three years later Peel reduced tariffs still more. Duties on raw materials were mostly abolished and those on manufactured articles were consolidated at a general level of 10 per cent. In these ways the burden of revenue was moved from trade to ordinary … More In 1845 protectionism expired to birth the income tax.

A Command From On High

This morning the news on Canada’s Business News Network in a printed caption, televised like a  neon sign, keeps flashing an admonishment to get cracking on trade from the World Bank and the International Monitary  Fund to elected politicians attending the G 20 meetings amidst anti G20 protests  on Hamburg, Germany’s  streets.    

Yesterday all my Canadian television stations: CTV.- BNN. and CBC gave non-stop coverage to President Trump’s giving classified information to visiting Russian officials. With today’s endless list of  online world-media headers announcing the Comey memo documenting the president’s request that Comey stop the Flynn Russia enquiry, I had some difficulty recollecting yesterday’s Russia Trump news. … More

Trump Trade Terror

I’ve suspected that the global ridicule directed at Donald Trump, now President Trump, has been motivated by fear of his wanting to renegotiate NAFTA, in effect seeming to oppose Free Trade that old Victorian Era battle cry of British manufacturers. The results of the first round of the French election with the middle of the … More Trump Trade Terror

Where is Canada?

Like the United States Canada, land of The Consumer – Traveler enticed by world marketers may not exist as a nation. In his recent visit to India Canada’s Defence minister is accused of being a Sikh nationalist – Sikh nationalism,  associated with Canadian soldiers 2 1/2 years ago in Canada’s The National Post, not Canadian … More Where is Canada?