Canadian Taxpayers Forced to pay Justin Trudeau’s horrible $19 billion deal for reopening economy – July 16, 2020,
Canada is not run by a dictatorship, let’s not forget how the Federal government is financed. Often the wording of these stories and articles, give the illusion that the Federal Government has some secret stash of cash or gold lying around somewhere. No! Canada is a democracy and Federal governments can be replaced if it’s the will of the people.
According to Justin Trudeau, Canadian taxpayers will be forced to contribute $19 billion to the effort of reopening the economy. Via taxation of Canada’s productive classes who will more than likely see their purchasing power declined for Trudeau’s economic buffoonery, Trudeau stated the taxpayer-funded federal government will use Canadian tax dollars to contribute $19 billion under the “Safe Restart Agreement.”
Now, in case Canadians aren’t aware, humans who represent the government are paid money granted to them via your hard work and your labor. If the Canadian province in which you reside was inefficiently run prior to getting this money, chances are they’ll be efficiently run after they get this “Safe Restart Agreement” money.
The Federal government is hoping that throwing money at the problem will make things better. A reminder to the Canadian tax year that as prices in Canada rise, it’s not because of your local store owners it’s because of the Federal Government who is making it more expensive to run a business.
Trudeau hasn’t made any plans to raise taxes on Canadians and therefore this $19 billion will be paid for by printing money. If you do not know what printing money means. Money is created by productivity, when I am productive I can trade what I’ve produced for something else.
If instead of being productive I print money to hide my inactivity in the workforce, it will cost me more to trade as the productive person I’m trading with, who could be from a different country has to be compensated for doing additional labor on my behalf.
Inflation of prices which means prices for goods or services going up or simply, items getting smaller, typically isn’t felt right away, it will happen gradually over time. If you notice that 100 grams of something is $1 today, but the price for that exact same item is $1 for 50 grams another day, that’s an example of inflation.
Inflation lowers your quality of life and also makes the hard-working productive members of society working in the private sector demand a pay increase. Every time Justin Trudeau makes a speech about handing out money, remember that you as a Canadian will be paying for it later in a variety of ways. Have you already heard the great news? During the Covid-19 pandemic, real estate prices are up? Even though a large number of people couldn’t pay their mortgages without the government’s help, one month after COVID-19 hit?
Real estate is one simple example of inflation, did prices go up, or is the Canadian dollar being devalued domestically? You be the judge!
Feds, provinces reach deal on funding for reopening, Trudeau announces | nationalpost.com
Interesting times ahead!