One interesting fact of yesterday budget is that the money collected on TPS tax doesn't even pay the interests on government debt !
Talking about budget, this is the worst budget ever since 1982. It has more spending and more spending and for sure much higher taxes. But the exact opposite is needed, less spending, less taxes, and less regulations to boost productivity and make Canada more prosperous. I dunno this scum's agenda, maybe the goal is to drive Canada into poverty so people get dependent on the government? Who knows. Former Bank of Canada governor David Dodge said this is the worst budget and so did former finance minister Bill Morneau.
That was the budget which became infamous for prescribing higher spending and tighter controls when the exact opposite was needed
nationalpost.com
As you can see, more evidence of Trudeau being Socialist. More taxes, more price controls, more regulations are all marks of Marxism. But to boost productivity and lower inflation, you need less taxes, less regulations, less spending, less immigration. Remember his father did similar things and there was Stagflation.
Former Bank of Canada governor David Dodge is suggesting that the 2024 federal budget "likely to be the worst budget" in more than 40 years
torontosun.com
A crisis is looming because of Trudeau caused inflation. The dollar could drop to 50 cents. I talked about the productivity crisis, well it is not just about higher taxes and more regulations. With this it also makes Canada less attractive to investors is what we see. Noticed how the US has so much different products available while in Canada many are not found here. Trudeau's budget has billions in spending, where will that money come from? He will likely tax the wealthy and corporations who will pass on the added costs to the average joe. These very corporations who create jobs will reduce their investment which means less jobs or just pack their bags and leave which means many jobs disappear.
Justin Trudeau’s former finance minister said he rejected the idea of hiking the capital gains tax, worried it would stunt growth. Read on.
financialpost.com
Bill Morneau said hiking Capital Gains tax is very troubling since it will discourage investors, we need investors to invest and create high paying jobs. Trudeau is taxing us more and more. In the last two years government jobs has increased by a lot while private sector jobs stagnated. Problem is government does not earn profits, they extort from hard working Canadians and businesses to fund their funding spree. How much evidence do you need about Trudeau being 100% Socialist? Ladies and Gentlemen, you got to be very worried about Trudeau because he is driving Canada to the ground. I am not sure if he is just a Sociopath, or he has some agenda.