The GST Is Added On After The Carbon Tax! Canadians are Being Taxed On a Tax, And The Money is Being Wasted On Justin Trudeau’s BIG GOVERNMENT Hiring Spree – (How Trudeau is Destroying The CPP) – February 2, 2024
I write on topics most people IGNORE. Money isn’t a complicated subject; once you comprehend that taxation is THEFT of private property. Prior to idiots in the developed world VOTING for higher taxes, Kings and Queens of ancient times would tax and regulate the activities of their citizens.
Kings and Queens of yesteryear were careful not to tax their subjects too aggressively, as higher taxes often led to internal rebellion or a more unproductive group of subjects.
Higher taxes, often led to the monarchy being more WASTEFUL with resources, which is why you’d often find ancient kingdoms declaring war, as they ran out of resources.
Disincentivized humans tend to be unproductive. In the modern era, governments have benefited from the GLOBAL acceptance of fiat money. Canada is currently a beneficiary o the modern fiat monetary system, as the Canadian loonie is considered a world reserve currency.
The Loonie having world reserve currency status benefits Canadians in that they can IMPORT things from foreign countries because our currency is valued on the foreign exchange markets.
With that said, the DOMESTIC value of the Loonie continues to lose it’s purchasing power, because of Justin Trudeau’s FISCAL policies. Justin Trudeau attempted to push his domestic agenda internationally and was quickly mocked and ridiculed.
Internationally, Justin Trudeau is a laughing stock, even in socialist countries. Consider Justin Trudeau to be a moron. Looking at Justin Trudeau up close and from a distance is comedic. However, I could argue that he and his regime were an accurate description of Canada’s left-wing voter base.
Canadians have been coddled for decades. The Chinese Communist Party sent what appeared to SPY weather BALLOON, and Canada needed the United States military to shoot it down. A WEATHER BALLOON! That’s an accurate description of how WEAK of a nation Canada has become.
Why did this happen? Well, because Canada borders with the United States, it tends to overlook how disrespectful Canadian politicians are to the U.S. government.
Donald Trump was the first U.S. President to call out Canada for its unfair trade practices. Now, when Canada engages in these practices, you have to understand that the revenue it receives is NOT going to anything productive.
After all, why should it? Politicians tend to focus on the next election cycle, not fixing systematic problems, which Canada now has many. I bring this up, because Justin Trudeau has marched forward with Canadian traditions, the difference being that Justin Trudeau’s economic INFLUENCE outside of Canada is non-existent.
Canadians pay the CARBON TAX, and this Carbon Tax hasn’t resulted in more renewable energies in Canada. Instead, this carbon tax has resulted in VOTE BUYING for the Liberal Party of Canada.
Spending on the public service has also grown since the 2019-20 fiscal year, increasing by 32-per-cent
Published Jul 10, 2023 • Last updated Jul 10, 2023
I’m writing this post in 2024, and the post I’m pointing to above was written in July 2023. Now, if you’re wondering what a larger Federal Workforce has to do with the CPP is that, Government employees DO NOT contribute to the CPP with real money.
Now, I’m not sure what returns on Capital the CPP is getting right now, but those numbers better continue, because all of these new GOVERNMENT workers, are not actual contributors to the CPP.
Only the PRIVATE SECTOR contributes REAL MONEY, to the CPP. If you’re self-employed income earner, you’re FORCED to pay the CPP twice. Government workers get their income from the Federal government BORROWING money and taxing Canada’s PRIVATE sector and the government uses this taxed and borrowed revenue to pay it’s workforce, which then of course “pays imaginary” taxes and contributes “imaginary income” to the CPP.
For some people this is hard to wrap their heads around, so I put it to you like this, where does the government get it’s revenue from without the private sector? The whole socialists schtick is to TAX millionaires & BILLIONAIRES, which are EMPLOYERS by the way, so if the government had the ability to generate revenue, why doesn’t simply do what the “millionaires and Billionaires” do?
It’s because the government HAS NO MONEY, it gives the impression that it has money, in practice PAID public servants are a FINANCIAL BURDEN not only on the Canadian public, they’re also a burden on the private sector participants to the CPP, because they’re not really CONTRIBUTING to the Canadian Pension Plan.
With that said, it would be a POSTIVE thing if via Justin Trudeau’s edicts, the Canadian deficit was shrinking, but the numbers show the Canadians deficits since 2015 increasing
One could argue that it would be fine if taxes were the same as they were in 2015, but in 2024, taxes are a lot HIGHER than they were in 2015. So this is a clear sign of fiscal mismanagement. If Trudeau were saving this extra revenue from carbon taxes, I could make an argument for him, but he’s saving any money; he’s not investing in clean renewable energies that produce positive cashflow, he’s for the most part BUYING VOTES, which, is bad news if you’re going to be dependent on the CPP for your survival in your old age.
Similar to now, when the government runs deficits, it has to pay for things with BORROWED money. Borrowing money is what governments do INSTEAD of firing people.
I write a lot of about austerity measures, however, most governments are reluctant to implement austerity measures and in Canada, implementing austerity would be very difficult, because Canada has a lot of PRICE CONTROLS.
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”.
People often think about price controls and forget that MINIMUM WAGES, are price controls, the Dairy and poultry supply management system in Canada is PRICE CONTROL, that hires thousands of people.
Once these industries get a pay raise, good luck reversing it, and if it costs more money to do the same things, this equates to GUARANTEED consumer price inflation indefinitely. Rent Controls are also price controls. Canada is filled with price controls, and so whenever the carbon tax adds to the inflation rate, the CPP becomes increasingly reliant on MARKET performance because clearly there’s going to be a FUNDING shortfall.
I’d argue that if Trudeau or the Federal Government stops BORROWING money, the CPP will quickly find itself underfunded, making its reliance on market conditions even more important, mind you more contributors to the CPP also equates to more people having the RIGHT to withdrawal from it.
Interesting times ahead!