FED Liberal ISSUES - A Request and a Summary

[mosquito]

A summary of the Liberal disasters in financial policy .... make sure to share this one around, we need to get rid of all the Liebrals in the next elections....

https://www.fraserinstitute.org/blog...s-need-to-know
As we end 2017, here are 10 year-end facts Canadians should understand and consider as we enter 2018:

• The total tax bill for the average Canadian family will exceed $35,000 in 2017, or 42.5 per cent of their income—more than what the average family spends on housing, food and clothing combined.

• While the federal government has claimed it “cut taxes for middle-class Canadians everywhere,” the reality is that 81 per cent of middle-class families in Canada are paying higher federal income taxes under the government’s personal income tax changes—on average, $840 more a year.

• More than 60 per cent of lower-income families (those in the bottom 20 per cent of earners) in Canada now pay higher federal income taxes because of the federal government’s tax changes.

• And that does not include the impact of the federal carbon tax mandate, the coming CPP payroll tax increase, the lowering of tax-free savings account contribution limits, or the proposed changes to the tax treatment of incorporated small businesses.

• Canada’s high and increasing personal income tax rates on its best and brightest workers have made the country uncompetitive compared to other developed countries. The federal government increased the top federal tax rate to 33 per cent from 29 per cent, and increases to top provincial rates have been made in Ontario, Alberta, British Columbia and other provinces. Seven of our 10 provinces now have a top combined federal-provincial rate above 50 per cent.

• The top 20 per cent of income-earners in Canada—families with an annual income greater than $186,875— will pay 64 percent of all personal income taxes and 56 percent of all taxes (i.e. income, payroll taxes, sales taxes and property taxes, etc.).

• As if this isn’t enough,the federal government has failed to achieve its election promise to run $10 billion deficits in its first two years and thereafter balance the budget. Instead, since coming into office, it has run deficits of $18 billion in 2016 and $20 billion this year, additional deficits of almost $80 billion are forecast over the next five years. There’s no immediate plan to balance the budget.

• Large annual deficits mean government debt in Canada is ballooning. Federal net debt increased to $727 billion in 2016-17 with provincial net debt collectively at $633 billion. All told, federal and provincial debt currently stands at $1.4 trillion and has increased by more than 60 per cent in the past decade.

• Prime Minister Trudeau is on track to increase per-person federal debt more than any other prime minister in Canadian history who didn’t face a world war or economic recession.

• The federal government has claimed deficit spending will help grow the economy through expenditures such as the promised $100 billion in infrastructure investment over the next 10 years. But only $6.6 billion of that will be spent in 2017 (only about a third of the $20 billion deficit), and less than 11 per cent of the $100 billion will be spent on projects that have the potential to strengthen the economy.

As we close off 2017 and look forward to 2018, let’s hope we see a refocus on policies that will actually improve the economy and lives of Canadians.

[mosquito]

No point in adding new small issues, just add it to the summary, keeping up with the Lib idiocy, lies and corruption and payoff of the media would be too time consuming so I will just throw some more kicks in Canadians .... family jewels will just be added here when I feel like it. If you see something feel free to add it on.

Item 1
Federal tax changes download costs to Municipalities, result, higher municipal costs! Chatham Kent for example, big increases in payroll ($97,000) just so take home remains the same for Mayor etc.
https://www.facebook.com/darrincanni...89233278310918


Item 2
The number of Canadians who are $200 or less away from financial insolvency at month-end has jumped to 46 per cent, up from 40 per cent in the previous quarter, as interest rates rise according to a new poll.
https://www.ctvnews.ca/business/near...rvey-1.4262094


Yet the guy with the family fortune thinks a carbon tax is good, no concern about interest rates etc. ... no wonder his dad wouldn't let him touch his trust fund at a younger age.

[fishermccann]

Family fortune? Easy to look up, net worth of J. T. is 10 mill. S. Harper 7 mill. neither one is hurting. Does that make him privileged , for sure, but not much more than the guy, you are always touting, as one of us common folk. Another common man, Rob Ford was worth 50 mill as his share of the family fortune when he passed, that's 5 times what JT is worth. Got to figure Doug is worth at least that, yup another one of us common folk. LOL.

[trimmer21]

Family fortune? Easy to look up, net worth of J. T. is 10 mill. S. Harper 7 mill. neither one is hurting. Does that make him privileged , for sure, but not much more than the guy, you are always touting, as one of us common folk. Another common man, Rob Ford was worth 50 mill as his share of the family fortune when he passed, that's 5 times what JT is worth. Got to figure Doug is worth at least that, yup another one of us common folk. LOL.

So,obviously,you have issues with people who are financially secure? Is it your opinion that because someone is "rich",they can have no regard for people who aren't? That's a rather myopic view of life,isn't it?

[fishermccann]

Not at all. I am pointing out discrepancies in logic. Some people on here are saying JT is unfit to lead because he is a 'trust fund' baby, thus does not know the needs of those without ample cash. I am just pointing out that many others in politics , have more money than him and they find no problem with it. They say JT does not know how the common person lives, because he is worth 10 mill. How does D.Ford know when he is worth 50 mill? Can't have it both ways.

[trimmer21]

Not at all. I am pointing out discrepancies in logic. Some people on here are saying JT is unfit to lead because he is a 'trust fund' baby, thus does not know the needs of those without ample cash. I am just pointing out that many others in politics , have more money than him and they find no problem with it. They say JT does not know how the common person lives, because he is worth 10 mill. How does D.Ford know when he is worth 50 mill? Can't have it both ways.

I'll agree that JT is unfit to lead,but,it's not because he's a rich kid.

[fishermccann]

Maybe... that is for another thread. Just don't condemn him because of his bank balance as is done regularly, ( mosq), or you would have to do the same for almost all politicians. D. Ford, with 50 mill. 'I am one of you', I wish.

[fishermccann]

So,obviously,you have issues with people who are financially secure? Is it your opinion that because someone is "rich",they can have no regard for people who aren't? That's a rather myopic view of life,isn't it?

LOL. Au contraire. As an aside, my son is in a relationship with Glenn K. Murphy's daughter,( ex Gap ceo), Google him. A nicer man you could not meet.

[MarkB]

Family fortune? Easy to look up, net worth of J. T. is 10 mill. S. Harper 7 mill. neither one is hurting. Does that make him privileged , for sure, but not much more than the guy, you are always touting, as one of us common folk. Another common man, Rob Ford was worth 50 mill as his share of the family fortune when he passed, that's 5 times what JT is worth. Got to figure Doug is worth at least that, yup another one of us common folk. LOL.

All I can say is that my taxes and pretty much cost of living have gone up enormously with the Liberals in power. When Harper was running the show, my taxes were dropping. So the way I see it, Liberals just spend and don't actually understand how this hurts the majority of Canadians, whereas Conservatives have to make hard choices to get spending under control, and helping the household make ends meet by lowering taxes.

So this isn't about how much JT or SH are worth, but how much our cost of living and quality of living is improving or degrading. I was WAY better off under the Conservatives (on federal and provincial level).

[MarkB]

Not at all. I am pointing out discrepancies in logic. Some people on here are saying JT is unfit to lead because he is a 'trust fund' baby, thus does not know the needs of those without ample cash. I am just pointing out that many others in politics , have more money than him and they find no problem with it. They say JT does not know how the common person lives, because he is worth 10 mill. How does D.Ford know when he is worth 50 mill? Can't have it both ways.

Well know statistic ... those who work hard to earn money have a tendency to keep that money, those who inherit money with (1) little to no perspective on the hardship it took to earn it, AND (2) education in how point 1 can lead to ultimate bankruptcy if not respected ... typically those do fail in financial management.

It takes 3 generations to go broke. Gen 1 made it from sweat, and save every penny ... because it pains them to spend it. Gen 2 grew up in the hardship, and although they had a better life, it wasn't perfect, and their parents made sure they understood the value of money. Gen 3 ... never saw any hardship, and never learned about the value of money ... spend it all until they're broke.

Families like the Kennedy's, understand this concept well, and do everything they can to ensure the future generation understands the value of (and hardship of earning) money, in order to protect their legacy.

I do see (wrong or right) JT as a spoiled brat, spending our money recklessly. Acting like that Generation 3, in the example above.