"Many critics believe the changes will discourage entrepreneurial activity."

Good lord. Is Wente seriously trying to sell trickle-down economics? Half of Canadians are working pay cheque to pay cheque; and I doubt anyone works as hard as the working poor — even without the opportunity to "sprinkle" their income. David Leonhardt in the NYT yesterday recalled that the top marginal tax rate in the US in the 1960s was 91 per cent and CEOs made only 20 times as much as the average worker. What Leonhardt points out is that the effect of lowering the top marginal rate over the last 40 years to between 30 and 40 per cent has been to create incentives for greed and to entrench intergenerational inequality. If capitalism was a meritocracy, Donald Trump would be either an inmate or a homeless person.