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It-s-All-About-

Facts not factual

Polarized opinions and alternative facts

With a veritable war of words going on across the Pacific, Donald Trump is covfefe'd while North Korean leader Kim Jong-Un thinks he is a dotard.

What does all this mean?

Who knows, but the world we live in is populated by 140 character news clips that, in the words of the co-founder of Twitter, are making the world dumber.

Memes are doing the same in my mind and even articles that are biased and offer only polarized opinion. 

On more than one occasion in the past few weeks, I have seen articles and memes representing the business side of the tax change debate that I have to admit appear inaccurate and misleading to me. 

In more than a few instances, I heard that entrepreneurs do not get access to maternity benefits, for example.
A blanket statement like that is pretty persuasive.

“ENTREPRENEURS DO NOT GET ACCESS TO MATERNITY BENEFITS” is how you hear the polarized opinion.

Now, I am absolutely not a fan of the proposed tax changes. I think they are pre-historic and lack all semblance of balance in the society we live in.

Frankly, it is nothing but another tax grab to fund a poorly managed organization by the Liberals that are stacking debt on top of debt.

With that being said, I think we should also portray a balanced argument. It starts with defining who the entrepreneur is.

An entrepreneur can be:

  • a sole proprietor
  • owner of a small limited company or a partnership
  • the managing partner in a joint venture
  • a major shareholder in a large limited corporation. 

That does not apply to most of the classes of entrepreneurs I have listed. The owner of a limited corporation, as small as it may be will actually be employed by that corporation and will, in fact, get access to maternity benefits.

A few will not, but most will.

Similarly “ENTREPRENEURS DO NOT GET A PENSION” - that is because they put life in their own hands.

I would think with a Liberal government mismanaging the fiscal house that would be a distinct positive. However, it is not true again.

The entrepreneur who owns a small corporation, will, as a salaried employee of their corporation, be paying CPP and so they are paying into a system that will give them a state backed pension at the end of the day.

You get my point? 

There is no reason to give you a whole list of inaccuracies. The question I ask is, why do we polarize the debate.

I guess it is human nature. Is it a lack of debating ability? Is it the Donald Trump syndrome of bullying people into submission with alternative facts? 

I am not sure, but frankly this discussion is about poorly researched tax management at the federal level and jamming a badly written law through that is supposed to make us believe they are supporting the middle class, when this bill is aimed squarely at the middle class.



More It's All About . . . articles

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About the Author

Mark has been an entrepreneur for over forty years. His experience spans many commercial sectors and aspects of business. He was one of the youngest people to be appointed as a Fellow of the prestigious Institute of Sales and Marketing Management before he left the UK in 1988.

His column focuses on ways we can improve on success in our lives. Whether it is business, relationships, or health, Mark has a well-rounded perspective on how to stay focused for growth and development.

His influences come from the various travels he undertakes as an adventurer, philanthropist and keynote speaker. More information can be found on Mark at his website www.markjenningsbates.com

He is a Venture Partner with www.DutchOracle.com a global Alternative Investment company.

Mark Jennings-Bates:
[email protected]
 

Photo credit: www.SteveAustin.ca 



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The views expressed are strictly those of the author and not necessarily those of Castanet. Castanet does not warrant the contents.

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