Justin Trudeau Incompetency Leading To a Possible Wave of Business Bankruptcies As Canada Emergency Business Account (CEBA) Loans Start Charging Interest – March 1, 2024
Some basic education as to why Left-Wing Progressivism, socialism, communism, government wealth redistribution schemes, and collectivism in general create economic disasters.
It all starts with CENSORSHIP of speech and regulations on how humans can be productive. Government regulations actually HURT tax collection. If Justin Trudeau for example, creates a Carbon tax, not all businesses can pass the taxes onto consumers, unlike the government which can pay its employees by borrowing LEGAL TENDER from itself, and raising taxes, but private businesses, have to prove to the private sector that it’s business is worth the capital investors are sending it.
If a business fails to do this, for whatever reason, said business will no longer be solvent, which also means it will no longer be able to send the government ANY tax revenue. People tend to forget that without private-sector businesses, INCOME TAXES don’t get paid.
Public Servant paychecks are the result of the government borrowing money and taxing Canadian PRIVATE citizens. Prices in Canada for everything have gone up, and so has revenue for the Federal government; why, then, is the Canadian government running a larger deficit if it’s collecting more revenue?
Well, that’s because regulatory ENFORCEMENT is expensive and requires Justin Trudeau to go on a hiring spree, public servants do not work for free, and government regulations also make people not want to do private jobs in overly regulated industries.
Overregulation also creates BRAIN DRAINS; if you’re smart enough to get a high-paying job, you’re also smart enough to shop around and the U.S., for example, there is a much larger market than in Canada, and doing the same job in the United States, guarantees you more freedoms and more PURCHASING power.
Making matters worse is that the United States also has its own labor shortage, which actually makes private industry in the U.S. more competitive for taking Canadian highly skilled labor.
In closing, as a business owner myself, I didn’t take any government money; the thought didn’t even cross my mind; I personally experienced a steep decline in revenue from my Canadian businesses to the point that I ceased paid advertising in certain industries, because the consumer demand based on my metrics for certain physical products that I sell just isn’t there anymore.
This happened to my business because of COVID-19. Canadian consumers are TAPPED OUT, and the rising cost due to the carbon tax and rises in interest rates have equated to Justin Trudeau’s accelerating debt problems Canadians were already experiencing.
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.
You have to remember why this is happening so quickly; Justin Trudeau, since becoming Prime Minister, has increased regulation on productivity, and he’s also pushed a censorship agenda, which in practice is DEPRESSING; a lot of Canadians aren’t leaving simply because of the bad economy, they’re leaving because the agenda being pushed by Justin Trudeau appears to revolve around silencing his critics.
History has shown nothing is more depressing to a nation of people than CENSORSHIP. Justin Trudeau’s stint as prime minister has revolved around trying to control mainstream and social media.
If you’re wondering why Russians, for example, often appear so miserable, it’s because most Russians know what will happen to their or their family’s lives if they ever dare to challenge their Federal government. That’s the Canada Justin Trudeau has been attempting to create since becoming Prime Minister: a nation of self-censorship!
Below is the Trudeau popularity tracker by Angus Reid; if the data does not show up below, you can click the link provided or search for “Trudeau popularity in Google”.
Approve/Disapprove of Prime Minister Justin Trudeau | angusreid.org
If you’re wondering what are the solutions to these Justin Trudeau-infused problems? The answer is AUSTERITY MEASURES! The answer is simple to understand but will be difficult to implement because a lot of Canadian individuals and businesses are 100% reliant on the government for their survival.
A lot of Canadians are unaware of how many PRICE CONTROL forces are destroying the Canadian economy; I include CROWN CORPORATIONS of all levels as part of the problem. Government monopolies are PRICE CONTROL mechanisms; the Canadian Dairy Commission(CDC), for example, controls pricing on certain foods.
Posthaste: Bankruptcies are soaring, but especially in Canada | financialpost.com
Their Canadian Dairy Commission pricing model revolves around GUARANTEED government-enforced profitability for anyone lucky enough to be part of that cartel.
In most people’s minds, they’ll say to themselves, no, the problem is ONLY the carbon tax, and I respond, when’s the last time you saw MINIMUM WAGES decline? Notice the housing market hasn’t crashed, even though interest rates rose? Do you know why the CMHC exists?
What I’m getting at here is if you think removing only ONE or a handful of Justin Trudeau’s big government bad ideas is going to solve the problem, I don’t think you understand how PRICE CONTROLS work. Without austerity measures, some prices will NEVER come down, meaning the high cost of housing, food, and energy are FIXED, and at best, will only start rising at a slower rate in the future.
Interesting times ahead!
