4 hours ago, irv said:

"It's the same ole cliche, is that a woman or a man"

 

 CBC  

17 minutes ago, Poncho said:

 

Justin brought ISIS and the followers in for free.

? ah da ah NO

7 hours ago, ArcticCrusher said:

More easy reading material.

 

Diane Francis: Debunking the Liberal tax-and-spend myth

There is no room left for tax hikes without leading to more dire consequences

  Deficit spending may have to continue in the wake of the pandemic. But Canada’s problem is that the Liberals, pre-COVID, were a disaster already. PHOTO BY BLAIR GABLE/REUTERS

 

Liberals often share two common myths: that running deficits and racking up debt can continue indefinitely; and that there is no limit to how high taxes can be raised. Both must be debunked.

Deficit spending may have to continue in the wake of the pandemic. But Canada’s problem is that the Liberals, pre-COVID, were a disaster already.

 

 

 

Since 2015, they have hiked deficits, debts, taxes and regulatory burdens. As a result, investment in 10 of Canada’s 15 major business sectors dropped by 17 per cent, as domestic and foreign investors fled for more profitable countries, representing a loss to the economy of more than $185 billion. Two of the top three credit rating agencies downgraded Canada. The current account balance, or outflow of funds annually, jumped.

In other words, the Liberals squandered the good times and they cannot revert to their tax-and-spend ways. The parliamentary budget officer recently stated that the country has two years before this level of spending becomes completely “unsustainable.”

rancis: Canada’s pandemic response is a fiscal mess

The deficit will ebb naturally as the economy gets back up and running, but fiscal discipline is not the DNA of the Liberals, or, for that matter, the NDP, the party the Liberals often rely on to pass their profligate spending packages in this minority Parliament.

It’s also worrisome that a large number of refugees from discredited Ontario Liberal regimes now sit around the cabinet table or advise it. Lest we forget, between 2003 and 2018, the Ontario Liberals took the province’s debt from $139 billion to $348.7 billion and collapsed its credit rating to “negative” levels. Taxes jumped, and excessively subsidized solar and wind schemes made its economy uncompetitive. Hundreds of thousands of steel, auto and manufacturing jobs disappeared.

Once bitten, twice worried, investors began dumping stocks in recent weeks amid rumours the federal Liberals were about to hike capital gains and other taxes.

The inconvenient truth is that the Liberals are not trustworthy stewards of the economy. The fact is that Canada is already one of the highest-taxed countries on earth. There is no room left for tax hikes, without leading to more dire consequences.

As of 2020, Canada had a top personal income tax rate of 54 per cent, top corporate rate of 38 per cent and a sales tax of up to 15 per cent, depending on the province. This is close to Portugal, which has a 59 per cent income tax rate, 23 per cent sales tax, but only 21 per cent corporate tax rate. The caveat is that Portugal, like other countries in Europe with high taxes, has an enormous underground economy that pays no taxes.

 

 

Other high-tax jurisdictions include Sweden, Denmark, Finland and Austria. Notably, all have considerably lower corporate tax rates than Canada.

Most revealing, however, are rates in the United States and Australia. The United States — our economic customer, partner and rival — has a top income tax rate of 50 per cent (which does not kick in until significantly higher levels of income have been reached), sales taxes that vary from zero to 11.74 per cent and a top corporate tax rate of only 21 per cent.

Australia — which also has a resource-based economy and offers comparable social services to Canada — also has lower taxes across the board. Its top income tax rate is 47 per cent, its corporate rate is 30 per cent and the sales tax is only 10 per cent.

Canadians, by most measurements, are over-taxed and our governments are over-indebted. This predicament happened before COVID, not because of it, and has been caused by years of mediocre governance.

Polls, however, show the priorities of most Canadians are dealing with the pandemic and jobs — not more spending on free dental, daycare or solar farms.

“People know this money has to be paid back and the best social program is a job,” said Goldy Hyder, president and chief executive officer of the Business Council of Canada. And they’re right.

Financial Post

 

 

 

https://financialpost.com/diane-francis/diane-francis-debunking-the-liberal-tax-and-spend-myth/wcm/316ea12e-4f33-4cf4-8537-b0cc6d10c993/?__vfz=medium%3Dconversations_top_pages

Dianne is an american Trump lover that really hasn't a clue, she speaks about Trudeau in so many tweets as spending Liberals but praises Trump for his spending.

Not sure how this works considering Trump has spent more than any President and debt is beyond recovery

Thsi is what Dianne retweets ( clueless) 

46% of small businesses across Canada are not expected to reopen; when CERB and rent and mortgage deferrals cease, the number of homeless, penniless Canadians with no place to live will be in the millions and make the 1930's depression seem like an economic boom.

so while bashing Trudeau spending she then says without the CERB small Business is dead    Seems like she is say  Trudeau is saving all businesses.

46% of all small businesses will not open  

Borders closed until Oct 21 and will be extended again after that since the shit show is endless down south.

2 hours ago, frenchy said:

yeah, the fact that ISIS is not fighting anywhere and have essentially been defeated has nothing to do with that. Man your ignorance knows no bounds  

Yes I know ISIS defeated under Trudeau, what is it you don't understand..

The hate from Harper didn't help the situation at the time and was the main reason he lost the election 

Trudeau taking the heat for the ones that left Canada under Harper -

remember he had a recession that lasted his entire term and ended the day Trudeau was elected 

you are pretty funny 

4 hours ago, ArcticCrusher said:

 

 

funny but yes high dollar and high oil prices and yet nothing but deficits, we can a agree here.

Remember when people were leaving Canada under Harper by the thousands to fight with ISIS?  Those were cool days unlike today where this doesn't happen.

I guess you a pick and choose what the meme should say

When covid spending stops next month what will the projected deficit be?  

1 hour ago, irv said:

So, you creep me in the CE section looking for/reading my posts, but instead of commenting there you bring it back to your safe place in the Ontario section like a little coward? 

You're one strange, fucked up, dude, Fail. 

I have only been in the MUSIC thread haven't read anything of yours there.

rah rah Trump says the Canadian  

damn anyone see the price of lumber, double the price.

$8 a 2x4 is crazy

also hardly any stock of breakers in any store.  had to use a 30amp (they had 2 only)  no 15 or 20amp in stock

this is all from covid shut downs

31 minutes ago, frenchy said:

oh look fail making shit up again and passing it off as fact  

yup show me any charity or homeless blah blah this is run by a Conservative 

it is fact

2 hours ago, ArcticCrusher said:

You trying to be an idiot or does it just come natural to you.

You post this all the time and so do others   why is this guy different?

1 minute ago, ArcticCrusher said:

 

 

 

HE HASN'T  ANYTHING TO DO WITH TRUDEAU 

Curious is this any different than when you post about killing Trudeau or someone should kill him?  just wondering as many here have made this statement.

IRV thinks that is okay as long as you don't speak  badly about Donald Trump his favourite President

big dips on world markets

15,910.90 −288.07 (1.78%)

32 minutes ago, irv said:

Aren't the Liberals such a nice, sand, caring and compassionate bunch. 

https://torontosun.com/news/national/suspect-arrested-at-canada-u-s-border-in-connection-with-ricin-letter-addressed-to-white-house/wcm/c6cf0945-82b0-480f-ad2d-37f2da583bb0/

Do you think Bernardo votes Liberal - 

Consider 99% of all charity work is from LIBERAL people, I think many are more than caring  

Name 1 charity organization that is completely run by Conservatives - you can google all day to find it.

feed to homeless 

shelters

Your world has turned LEFT and RIGHT in the past year - sad

34 minutes ago, ArcticCrusher said:

 

 

Trudeau's peeps.

 

 

HE is NOT TRUDEAU's anything - REBEL is just making up shit for you to enjoy

but cool post AC

55 minutes ago, irv said:

IRV is in the anti vaccine crowd.

Covid is a hoax 

Did you buy a Q t-shirt and hat on sale at the beginning of the day?

Organized protests are cool eh IRV

so were all these 70k carrying and chanting for Trump?  did they do it in French too?

or just the paid ones from Qanon 

6 minutes ago, toslow said:

I twist wrenches on this stuff from Manitoba to Newfoundland in all the mines 

tough work

Just now, toslow said:

Nope it was talked about back when the Wynn government was in 

and it opens soon   

1 minute ago, toslow said:

This is me 

That is one big machine

2 minutes ago, toslow said:

Not at all, but it wasn’t Trudy who was involved, he was there for the photos only 

I expected that, of course he had nothing to do with it.  Doug must be the mastermind.

36 minutes ago, toslow said:

Iamgold was looked at for a few yrs and negotiated with the power to be for mineral rights 

and?

Now there will be mining, jobs ect - 

You seem to hate to see the economy grow, just because of the HATE  you have for Trudeau ..

1 hour ago, Sksman said:

Hey Fail,  you dope.

How long do you think people have been working on this “new” mine site?  It will have been many years already.

How many times do you think company’s have looked at this property previously? 

 

This and thousands of other mine sites are constantly being looked at, invested in, traded, closed and bankrupt.   

 

1 in a thousand junior mines make it.  The rest are places people invest and trade in and play   

 

 

  Doug Ford is taking credit for this deal, why so negative  

"BROKE GROUND" is a clear indication of a START OF A NEW PROSPECT 

You say them we play em