Have you seen Justin Trudeau's online and social media ads endorsing a financial service called Wealthsimple?
I was surprised and confused about why our trust fund Prime Minister is promoting a private company’s investment product like some B-list celebrity, but was also curious about possible ethics questions.
So I looked into Wealthsimple and tried to figure out how they landed an endorsement from our heartthrob PM.
It didn’t take long to see this is as crony as you would expect.
Watch as I explain what I found, including a connection to Power Corp., a Canadian company that’s intertwined to the power wielders of Liberal, and specifically, Quebec Liberal politics.
When you hear all the names like Andre Desmarais, Jean Chretian, Paul Martin and even Pierre Trudeau, in this crony collection of Ottawa-Toronto-Montreal Laurentian elites and consider their control over one of Canada’s largest holding companies, the word “swamp” will likely come to mind.
If you leave out the former Prime Ministers and Premiers, it sounds like the kind of business that is done in tinpot dictatorships, not a G7 nation.
This is the kind of approach that will do nothing for the middle class and will simply exacerbate income inequality as the well-connected are prioritized under crony businesses like Power Corp.
But then again what policies has Trudeau and his government actually implemented that will help the middle class? There are none that I can think of.
Justin probably signed on to endorse Wealthsimple in part to help his Liberal donor friends but also because he’s obsessed with a young and cool image that he thinks appeals to millennials.
Wealthsimple is marketed towards millennials and that combination of trying to look cool all while helping your crony Liberal friends, is Trudeau’s modus operandi!