Canadian Finance Minister Bill Morneau says Feds will fight money laundering _ Money laundering exists because the Government Picks economic Winners and Losers! – February 9, 2018,
Before we get into the topic of money laundering in Canada, we have to take a brief history lesson, why Canada has these money laundering problems, to begin with. Money laundering became a huge problem after Pierre Trudeau’s socialist utopia for Canada. In order for Pierre Trudeau’s socialist dreams to bear fruit, God (or no God for my atheist readers) had to create a man by the name of Paul Martin, everything we in Canada enjoy today came as the result of Jean Chrétien and Paul Martins Liberals. The way this entire economy is structure is based on Jean Chrétien’s free-market socialism schemes.
There are pros and cons to Capitalism there are also pros and cons to socialism, fascism, and communism. The reason why socialism often ends up with a dictator or dictators(Globalists) taking over a country is that under socialism, communism, and fascism the leaders or the government have to micromanage the affairs of the economy. Even in countries like Singapore, where the free market is embraced, there are certain portions of their economy where the government has to micromanage.
Canada has a price controls problem, these problems primarily come from Crown Corporations, which are state-owned companies that are able to hold corporate monopolies in certain sections of the economy, because these entities exist, private and public sector money is sent to these entities to assure their success, because as an example CMHC exists, it’s highly unlikely that there will a housing crash in Canada the likes of what we see in the United States. Instead, the problem Canada has is not that real threat of a housing deflation instead Canada is faced with a tax shortfall. Which as I’ve stated in prior posts is going to lead to the Canadian economy eventually becoming stagnant.
What Trudeau’s Liberals are seeing very clearly are tax shortfalls, what they obviously refuse to look at are the state own corporations as well as the public servants causing these problems. In Ontario as an example Doug Ford made an attempt a few months ago to shrink the size of Government, this one move caused an uproar in Ontario. It should be noted that not only the Liberals complained about Doug Fords attempt to shrink government, Conservatives and the NDP were against this move. So at the federal level, it should be abundantly clear why Bill Morneau’s Liberals have made it an ongoing mission to attack to small business.
What often happens, however, is that the Federal government will point their finger at a tiny minority taking advantage of tax loopholes created by Paul Martin that were made to fund Pierre Trudeau’s socialist utopia, but the truth is without these tax loopholes Canada is Venezuela. It’s important to remember that Tax is theft, no human being should be forced to pay for something they’re not interested in. What’s you understand that tax is theft, that’s when you realize why tax loopholes exist in the first place.
As Justin Trudeau stated in a heated debate with the Conservatives
Jaw-dropper—Trudeau says that “Low income people don’t benefit from tax breaks because they don’t pay taxes.” #OutOfTouch #TrustFundTrudeau pic.twitter.com/Yu01tZcN7y
— Pierre Poilievre (@PierrePoilievre) February 5, 2019
“We see proof that the Conservatives simply don’t understand that low-income families don’t benefit from tax breaks because they don’t pay taxes,”
Although the truth is that low-income families do pay taxes, the reality is that low-income families often get more out of the tax system than they contribute to it. What this means is that based on current policy if there weren’t any tax loopholes, most people wouldn’t work at all, most people wouldn’t become entrepreneurs, most employed people would refuse to do any overtime. Why work harder if I’m going to be economically punished and blamed for it? This is why similar to current Finance Minister Bill Morneau, more and more people are opting to do jobs that don’t require any manual labor. Because although manual laborers are what make this country go round, in Canada what’s happening is that you or I as manual laborers are being punished for working hard.
So, in Toronto and Vancouver, the domestic population more and more is opting to be home flippers, consultants, service sector workers, white collar workers, investing for cash flow is the term I often hear from the morons purchasing 1 bedroom condos for $400K hoping to collect $2500 per month rent. These people are often taking advantage of tax loopholes, but you see if you go after these people and these people default on loans, this entire Ponzi scheme comes crashing down. So instead Bill Morneau attacks small businesses.
What Bill Morneau has been attempting to do is make the tax code in Canada more subjective, meaning that if the government wants to come after you or audit you for any reason they can. Again to fully understand this you’d have to know that inherently tax is theft if you don’t fundamentally understand that taxation is nothing but a wealth redistribution scheme you’d be privy to think of Bill Morneau as a noble statesman. No, what Bill Morneau is doing is he want the federal government or the CRA to have the ability to harass people anytime they feel like it.
In Venezuela a lot of people think that it was the socialism that destroyed their economy, no it was the government blaming the “rich” for everything. So if any individual dared to create a successful business in Venezuela the government would scrutinize every level of that individual’s business and therefore eventually Venezuelans stopped going into business and one-day Tampons and toilet paper had to be imported into Venezuela and then one day the price of Oil dropped, which meant the value of the Venezuelan bolívar(the Venezuelan currency) was devalued and now the country is in chaos. In a free market people in the economy vote with their dollars, they volunteer with their dollars and the moment the government makes the decision to pick economic winners and losers, that’s when real poverty starts to take root.
Anyway, consider reading the Canadian Press article below to learn more about Bill Morneau’s plans for the Canadian economy.
Morneau says feds will fight money laundering – The Canadian Press
Interesting times ahead
