Justin Trudeau’s UNQUALIFIED gender-balanced cabinet: Government to eventually file most Canadians’ taxes automatically says National Revenue Minister Diane Lebouthillier – March 30, 2023,
One of the many problems with artificially low-interest rates is that it’s allowed Canada and many other countries to grow the size of the government TREMENDOUSLY. Eventually, I ASSUME austerity measures are going to make a comeback because these politicians appear to be getting dumber every single quarter.
I assume when Diane Lebouthillier is talking about automated tax collection, she’s referring to people on welfare and/or wage earners because automating an already complex tax system already exists with some software, but it’s NOT a 100% automated process, especially when the government rolls out new RULES all Canadians have to adhere to that could be interpreted differently depending on the individual or entity filing their taxes.
When I read about AI and automation, the first thing I think about is MAINTENANCE, which is something the vast majority of people ignore about automation and AI. It’s not to say that certain technologies can not replace humans; it’s just that the maintenance costs for automation are often overlooked. It takes very smart people to do maintenance on automated products, and if you’re smart enough to maintain a complex system, then you’re usually smart enough to build your own.
What I’m getting at here is that this is how the government ends up shrinking the size of the private sector while simultaneously being forced to adhere to special interest groups. Even now, if you go to the CRA, the Federal government has an option that allows you to use PRIVATE entities, which depending on your UNIQUE tax situation, will be suited to your needs. Why? Because every new government program comes with its own unique set of challenges.
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Why doesn’t the federal government provide housing for the poor and the middle class? Well, unlike Singapore as an example in which cleanliness is mandatory in many instances, tenants in Canada often destroy property they don’t own and often have no interest in maintaining the property they live in.
So whenever any branch of government gets into the residential real estate business, said government finds itself with unforeseen debts. On the flip side, ZIRP created a whole new group of homeowners, who obtained mortgages they’d never obtain if ZIRP(a government creation that doesn’t allow market interest rates) and CMHC(another government creation that’s gone as far as to offer insurance for zero-down mortgages) weren’t a thing.
Now, ZIRP has actually FUELED consumer price inflation in the housing market, but ZIRP also created a new set of voters who now own property and will vote to make sure the value of their “Nest Egg” remains artificially high. Now, obviously, people like myself could see the moral hazard of these government programs, but the average person can’t, and that’s what the government likes.
Clueless voters will vote for clueless politicians, and the cycle repeats itself until something breaks. In my opinion, I think Canada is nearing a breaking point. Because of how the Canadian economy is structured, I see a lot more consumer price inflation and BAD IDEAS in the future. During economic downturns, this is where transfer payments make things very bad.
Currently, the Federal government is able to hide its bad policies by throwing money at the problem. However, the price of the debt is getting more and more expensive day by day because of the war on fossil fuels.
In closing, people who see automation as the fix-all to everything will be shocked to learn how expensive automation really is.
Interesting times ahead!