Canada’s Capital Gains Tax Hike By Their Idiot Prime Minister Rewards You For NOT Investing in Canada, Justin The Tax Man Trudeau – April 18, 2024
So, Justin Trudeau, in general, is all about RAISING taxes and spending the money on things he wants to spend it on. It’s one thing if poverty was at an all-time low, but the OPPOSITE has happened.
The government gets its money from taxes and, in this modern era, PRINTING/Borrowing money from the central bank. Obviously, because Trudeau is reliant on deficit spending, he’s not raising enough taxes to pay for his reckless spending.
However, if simply RAISING taxes solved problems, every country would do it. In the real world, as Thomas Sowell reminds us, there are no solutions, only TRADE OFFs.
The trade-off for PRICE CONTROLS, which is what a Tax is, in simple language, is that you will create SHORTAGES. A few examples of price controls are rent controls and the minimum wage laws.
Minimum wages create EXCUSES not to work and shortages of MANUFACTURING. A lot of people in Canada would rather be on WELFARE than work a minimum wage job because on PAPER, you’d be better off staying on welfare than working a minimum wage job.
Now, the real problem with the minimum wage law is that the government is fixing prices to benefit from tax collection. People tend to forget that the INCOME TAX takes a large portion of your paycheck and sends it to the government.
Once you comprehend that, you would be wise to comprehend that PUBLIC SERVANTS get paid via taxes collected from the PRIVATE SECTOR. Obviously some public servants invest in the PRIVATE markets, but they typically don’t take the RISKS, we in the private sector take, so obviously, there’s a disconnect there.
Trudeau government increased federal employees 40% since election in 2015 | nationalpost.com
Spending on the public service has also grown since the 2019-20 fiscal year, increasing by 32-per-cent
Bryan Passifiume
Published Jul 10, 2023 • Last updated Jul 10, 2023OTTAWA — Another 21,000 federal workers hired since last year has brought the total added to the federal public service since Prime Minister Justin Trudeau was first elected to 98,268, according to information published online by the Treasury Board of Canada.
The federal public service, now at 357,247 employees, is nearly 40 per cent larger than it was in 2015, when the Liberals took power, when it counted 257,034 employees.
We, in the private sector, have to subtract any and all TAXES governments take from profits, and I remind you that PR
OFITS are NOT guaranteed in the private sector, so if taxes get too high, many in the private sector will stop deploying capital into certain sectors.
Pierre Trudeau was directly responsible for chasing manufacturing out of Canada. Capital doesn’t like higher taxes, similar to a person who would rather be on welfare than work a minimum wage job; the same logic applies to CAPITALISTS.
If you don’t like the world we live in, join the CUBAN REVOLUTION; idiots tend to think Cuban poverty revolves around the U.S. embargo, but no Cuban poverty revolves around the Cuban government being ANTI-CAPITAList, which equates to high taxes and GOVERNMENT regulations on PRODUCTIVITY.
Socialists, Communists are ANTI-CAPITALISTS; they believe in the “Social” good, and socialists tend to imagine the economy and wealth as something on AUTOPILOT, meaning that in the mind of idiot Justin Trudeau, he thinks that no matter what he or anyone else does, the RESULTS will be the same.
Useful Idiots will say, “It’s only a tax on the top 0.01%;” well, if you know anything about how INCOME TAXES work, the top 0.01% actually pay the majority of the taxes. What do capital gains taxes have to do with income taxes, you ask?
In order to be PRODUCTIVE, HUMANS working for WAGES or COMMISSIONS have to be BUILDING SOMETHING. So, if employers stop deploying CAPITAL in Canada, there will be fewer people paying INCOME TAXES.
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Now, sure, Trudeau can keep GROWING the government workforce, but Government employees, in reality, DO NOT contribute to INCOME TAXES; government employees are actually the recipients of TAXES collected by the PRIVATE SECTOR or money BORROWED from the Bank of Canada.
If you’re one of those idiots who imagine that Central Bank Digital Currencies(CBDC) will solve this, you’re missing the point of how INCOMPETENT Socialists are with CAPITAL. We don’t have a CBDC system now, and Canadians are already being forced to subsidize children having sex changes? Imagine how QUICKLY things will get PROGRESSIVELY worse under a CBDC system.
If you think taxes and regulations are bad now, wait and see what the world looks like if these socialist lowlifes IMAGINE there’s no consequence to spending. The preview of what that world will look like is CUBA and most AFRICA because CBDCs represent MORE GOVERNMENT regulations and more NATIONALIZATION of private property.
Interesting times ahead