Liberals poised to table new bill granting them full power to spend/tax unopposed

[Deezel]

Liberal bill on coronavirus would give feds power to spend, tax without parliamentary approval (https://globalnews.ca/news/6720551/justin-trudeau-coronavirus-support-bill/)

Scary times indeed.......

[bat119]

I thought socks already had that, he's tossed enough money around to buy a UN seat already.

[jungleboy]

sadly the Lieberals will use this unusual circumstance to benefit their Librano cronies and hacks at the expense of Canada’s overburdened taxpayers .In the name “saving lives” of course. Anyone who opposes them will be branded by the lefty media as unCanadian and heartless neocons.

[Ken07AOVette]

It is a stupid system now, the Government in charge does what they want and the opposition has no teeth.

This is just a formality to do whatever they want.

flush

[elkhunter11]

In other words, Trudeau wants to make himself an absolute dictator, to do as he pleases, without any opposition. The scary part is, the Bloc and the NDP might be stupid enough to let him do this.

[Smoky buck]

I am already waiting to see how much damage is done to the economy over all Covid19 shutdowns across the world. I don’t even want to think about liberals having uncontested spending could add to already present problems

[elkhunter11]

How long before they start seizing money out of our bank accounts?

[huntinstuff]

How long before they start seizing money out of our bank accounts?

Lol

I know what will happen if they even THOUGHT of it.....

[Dewey Cox]

How long before they start seizing money out of our bank accounts?

Joke's on them...

[huntinstuff]

Joke's on them...

Lol lol lol lol

Good one!!!!

[elkhunter11]

Lol

I know what will happen if they even THOUGHT of it.....

We share sentiments on that, but the fact that they even proposed this bill, proves that they are so arrogant, that they probably don't believe that people will act on those sentiments.

[dmcbride]

How long before they start seizing money out of our bank accounts?

Pretty sure the Liberals passed a bill to do just that Around 2016. I will find it.

[TrollGRG]

If you read socialist (Nazi) instead of Liberal and Hitler instead of Trudeau it is a prime of example of history repeating itself

[elkhunter11]

Pretty sure the Liberals passed a bill to do just that Around 2016. I will find it.

They passed a bill, but they haven't used it yet,. Until now, they have probably not had the nerve to push people that far. If you take someones life savings, those people could feel that they have nothing to lose, and could become dangerous.

[dmcbride]

They passed a bill, but they haven't used it yet,. Until now, they have probably not had the nerve to push people that far. If you take someones life savings, those people could feel that they have nothing to lose, and could become dangerous.

Funny how it is now hard to find on the internet.

[Map Maker]

There was probably a loophole they needed to close.

[Deezel]

Pretty sure the Liberals passed a bill to do just that Around 2016. I will find it.
Is this what you're referring to? It's from 2016 and, in a nutshell, gives banks the power to seize your account if they are in trouble. It's the only thing I could find.


INTRODUCING A BANK RECAPITALIZATION “BAIL-IN” REGIME: To protect Canadian taxpayers in the unlikely event of a large bank failure, the Government is proposing to implement a bail-in regime that would reinforce that bank shareholders and creditors are responsible for the bank’s risks—not taxpayers. This would allow authorities to convert eligible long-term debt of a failing systemically important bank into common shares to recapitalize the bank and allow it to remain open and operating.
Source: Budget 2016, p. 223 (http://www.budget.gc.ca/2016/docs/plan/budget2016-en.pdf)
That means that if a bank starts to go wobbly in Canada, and you have money in that bank, the bank can take your money to bail itself out.
When you have your life savings, or your kids college fund, or even last week’s paycheque in the bank that you need to pay your rent, you are technically a creditor of the bank. As in, they owe you that money.
But this Liberal proposal says that if the bank has trouble, they can just take your cash, and give you shares in the worthless bank instead.

If you want to know what a bank bail-in looks like, look at Cyprus, about three years ago.
Cypriot banks had made risky loans to Greece, under pressure from the European Union. Those loans were bad, so the banks were in trouble. But the European Central Bank said they’d only help stabilize those Cyprus banks if they seized their own depositors' assets first.

There was such a panic, such a run on the banks, that bank branches simply closed; ATMs were limited to giving just a few Euros a day to people to buy food. It was a melt-down. And none of it subject to warning or a vote or prior notice. It was massive theft — to bail out the bankers. Or banksters, as they are called in cases like these.

And that is now coming to Canada. Trudeau says he's going to change the rules. So that if a Canadian bank, perhaps the most regulated industry in Canada, gets in trouble, ordinary Canadians will be forced by the government to bail out the banks. They’ll just take your money.

Do you think this should be allowed?

This is outrageous. The people of Cyprus may have put up with it — they were fleeced by their own government, but also by the European Union. No warning. But what’s our excuse?
You have your warning now. Page 223 of the budget. If you don’t speak out against this now, don’t say you weren’t warned.

[Twisted Canuck]

It's looking more and more like Venezuela around here....

[elkhunter11]

Is this what you're referring to? It's from 2016 and, in a nutshell, gives banks the power to seize your account if they are in trouble. It's the only thing I could find.

If this ever happened, where would Trudeau and his cabinet hide for the rest of their lives?

[Jim]

So put money in small bank or credit union. They will hit national banks first, Scotia, TD and RBC would be first on the list.

[1stLand]

If this ever happened, where would Trudeau and his cabinet hide for the rest of their lives?

Aga Khan Island

[huntinstuff]

If this ever happened, where would Trudeau and his cabinet hide for the rest of their lives?

They would turn him over to spare their own lives......

[Dewey Cox]

"I admire china's basic dictatorship"
Yeah, let's remove some of the checks and balances for THAT guy.

[DiabeticKripple]

this bill is scary.

Seems like Trudeau is following in his father's (Fidel) footsteps

[Deezel]

If this ever happened, where would Trudeau and his cabinet hide for the rest of their lives?
Let's just hope it never gets this far. If it does, it's going to get real ugly, real quick.

[bessiedog]

This bill is stupid beyond belief!

Unless you agree to form a war cabinet with opposition Conservative members in it.

After things calm down... the money sucking will begin.

[Walleye Willy]

They have arranged for only MPs in driving distance to attend. Unless they are in residence in Ottawa there will be no representation from outside Quebec or Ontario. This is male cow droppings.

[Twisted Canuck]

I was just texting my MP about this. Apparently there will be a 10% representation from each party in the House. Currently CPC is (obviously) strongly opposed. He said they do not know where Bloc, NDP, or Green are on it. It will be voted on tomorrow.

What a travesty if this were passed. If ever there was a government that should not have unbridled power to tax and spend, it's JT and the Gang.

[huntinstuff]

And after the second wave of covid-19 is done, the GST will increase and Alberta will finally get its PST

[elkhunter11]

Some MPs have posted that for some reason, this bill would require a unanimous vote to pass. If this is true, it won't pass.

[Grizzly Adams]

You could consider this a coup. Justin rules without parliament , at his pleasure. For the opposition to allow this to pass would be a betrayal of our democracy. Hitler might not be a totally fair analogy, but Adolph started small, in a minority government and worked his way up by intrigue.

Grizz

[jungleboy]

I’m afraid that even if all goes well and we manage to get a handle on this virus , our dollar will be so battered you will be looking at a base Corolla for a $100.000. Meaning our buying power as we know it won’t exist.

[Deezel]

Some MPs have posted that for some reason, this bill would require a unanimous vote to pass. If this is true, it won't pass.
UPDATE: Media reports on sweeping powers for Justin Trudeau. HELL NO. | Michelle Rempel Garner (https://www.youtube.com/watch?v=RvigqvTFzUA)

[elkhunter11]

UPDATE: Media reports on sweeping powers for Justin Trudeau. HELL NO. | Michelle Rempel Garner (https://www.youtube.com/watch?v=RvigqvTFzUA)

And yet she did not give a reason why unanimous consent was legally required to pass the bill.

[raab]

And yet she did not give a reason why unanimous consent was legally required to pass the bill.

NDP will support this guaranteed. Dictatorships are right up their alley.

[elkhunter11]

NDP will support this guaranteed. Dictatorships are right up their alley.

Actually Singh has spoken out against that part of the proposed bill. If it passes , Trudeau doesn't need his support for future financial bills, so he gives up his influence.

[260 Rem]

Seems the best outcome would be defeat of the entire bill ... already been too much gifted.

[KGB]

And then what’s next- going after our bank accounts, like in Cyprus? Let you keep $100,000 and take the rest?

[raab]

And then what’s next- going after our bank accounts, like in Cyprus? Let you keep $100,000 and take the rest?

The bills already been passed back in 2016 that allows them to do it. Why I switched to ATB.

[Drewski Canuck]

A Classic negotiating ploy where the parties really MUST get a resolution, is to open with a ridiculous position, and do point by point negotiations, to achieve your real agenda.

Trudeau has already made mention of Estate Taxes on Inheritances, like in Europe, and on large Estates in the US.

You see, the dead don't vote, and Inheritances, where your family does not have a 50 million Off Shore Family Trust, is a windfall to the middle class.

What this means is not the idea of Terminal Year taxation of RRSP / RRIF where there is no roll over available, and not taxation of Principal Residence gains, or Capital Gains that cannot be rolled over as an active business or farm, it means whatever makes up the Estate value, is taxed regardless.

Oh don't worry, all the other methods of Death Taxes mentioned WILL still exist and will go up as well.

Once a tax is in, it is in.

Expect GST to go up, as this is a consumption tax that will not hit the unemployed very hard because of GST Tax Credit amendments, but it will mean immediate money regardless.

Drewski

[elkhunter11]

Cancel transfer payments to all provinces, and use that money to help people in all provinces during this crisis.

[AndrewM]

Looks like they backed down. Being sneaky in time’s of trouble is just disgusting.

[elkhunter11]

Looks like they backed down. Being sneaky in time’s of trouble is just disgusting.

Absolutely disgusting that the liberals would even attempt to give themselves the power of a dictator during this crisis. But Morneau did announce that there would be no changes to equalization payments, because of this crisis. If the liberals really wanted to help Canada through this crisis, all provinces would be treated equally.

[AndrewM]

Absolutely disgusting that the liberals would even attempt to give themselves the power of a dictator during this crisis. But Morneau did announce that there would be no changes to equalization payments, because of this crisis. If the liberals really wanted to help Canada through this crisis, all provinces would be treated equally.

That’s a big IF. Lol

[bessiedog]

BIG THANK YOU to our opposition parties....!

Libs are backing off of the 21 month oversight discretion!!! I hear sooooo many MPs were disgusted with the Libs sliding in that overreach.


THIS is why you DO NOT trust a LIBERAL PARTY government.

I voted Liberal once in the 1990's.......Never again if this crap continues....!!!!!


We should all be offended and disgusted with our Prime Minister. What a SNAKE move.

[gramps73]

Absolutely disgusting that the liberals would even attempt to give themselves the power of a dictator during this crisis. But Morneau did announce that there would be no changes to equalization payments, because of this crisis. If the liberals really wanted to help Canada through this crisis, all provinces would be treated equally.

as disgusting as it may be the real question is. does it even surprise you?

[Dewey Cox]

Another of the many examples of blatant corruption.
But they'll still get voted in again.
This country is a disaster.

[Deezel]

The liberals should be lynched for even attempting something like this. All they are worried about is their own personal interests and gains. Should be even more of a wake up call for Canadians as to just how purely corrupt sparkle socks and his cabinet actually is.

But they're not alone. The democrats are trying the same shady tactics down in the US right now. The world is in crisis and all they can think about is how can they push through their own agendas. It's unbelievable how people can vote for such openly corrupt political parties.

[Dewey Cox]

Think about how many times worse this is than the people who were re selling hand sanitizer.
But which one are the liberal voting morons going to remember in a few months time?

[Kurt505]

I’m expecting a flood in quebec today from all the tears. It’s like having the winning lotto ticket and then losing it in a fire.

[cody j]

Maybe some of the liberal voters could explain how this unlimited taxing and spending would have been good for us.

[Smoky buck]

All the disgust many of us have towards the liberals antics I bet they will still get way more votes than they should next election

[sns2]

Maybe some of the liberal voters could explain how this unlimited taxing and spending would have been good for us.I honestly don't think there are any on this forum. Just sayin.

Sent from my SM-A705W using Tapatalk

[barsik]

this move by the Lieberals is not surprising, especially the timing. south of the border the Federal Reserve announced it would enact unlimited quantitative easing to support the government and the central banks. they also announced they would buy securities and select bonds in the stock market on an "as needed" basis. the entire world revolves around the US Federal Reserve and this announcement by the Lieberals is not a coicidence.

[260 Rem]

as disgusting as it may be the real question is. does it even surprise you?
Don’t know how anyone figures giving bailouts have no consequences? Why saddle our grandchildren with the burden?

[Kurt505]

Don’t know how anyone figures giving bailouts have no consequences? Why saddle our grandchildren with the burden?

Agreed. Thank goodness the conservatives were able to put a leash on the liberals.

[huntinstuff]

When youre dealing with billions, and you have an apathetic public, never be surprised if a few hundred million goes into some buddies pocket

[elkhunter11]

as disgusting as it may be the real question is. does it even surprise you?

Actually, it doesn't. When I first referred to Trudeau as the 21st century Hitler, some people laughed, and some were upset, but this attempt to grant himself many of the powers of a dictator, shows that Trudeau has some of the same desires for absolute power, that Hitler had.

[Kurt505]

Actually, it doesn't. When I first referred to Trudeau as the 21st century Hitler, some people laughed, and some were upset, but this attempt to grant himself many of the powers of a dictator, shows that Trudeau has some of the same desires for absolute power, that Hitler had.

Just doesn’t have the brains to help with his desires

[gramps73]

I would hope that this will wake some people up, what the hell is going on in this country.

[elkhunter11]

I would hope that this will wake some people up, what the hell is going on in this country.

As long as the voters in central and eastern Canada continue to receive handouts, they don't care.

[gramps73]

As long as the voters in central and eastern Canada continue to receive handouts, they don't care.

well by the sounds of things the well has run dry.

[elkhunter11]

well by the sounds of things the well has run dry.

Morneau announced this morning , that the equalization payments will continue.

[Bigwoodsman]

Morneau announced this morning , that the equalization payments will continue.

I didn't here his press conference, did he say where the money will come from? Is he going to promote oilsands, pipelines, cancel any thought of a carbon tax? Did he say he would place a 500 percent tax on Saudi oil coming into Canada?

BW

[gramps73]

Morneau announced this morning , that the equalization payments will continue.

I did not hear that either

[260 Rem]

As long as the voters in central and eastern Canada continue to receive handouts, they don't care.
Sad reality is that there is no shortage of westerners that have turned in their conservative principles and are lining up for handouts. I’m OK with deferring tax payments but think that any government money going out should be be in the form of interest free loans.

[elkhunter11]

I didn't here his press conference, did he say where the money will come from? Is he going to promote oilsands, pipelines, cancel any thought of a carbon tax? Did he say he would place a 500 percent tax on Saudi oil coming into Canada?

BW

I saw the quote from him this morning, it's possible that he made the statement prior to this morning, but it was in response to questions about the financial plan for the corona crisis. Unfortunately, I didn't copy the quote, and can't check the date.

[MK2750]

Parliament session postponed as Lieberals refuse to remove 5 clauses that have nothing to do with delivering aid and everything to do with unlimited power for the party without parliamentary consent.

[elkhunter11]

The liberals apparently don't want to give up on granting themselves dictator powers.

https://www.mapleridgenews.com/news/national-coronavirus-update-march-24-parliament-suspends-emergency-session/

[Trochu]

As I posted several weeks ago, it's not the virus that causes me any concern, more so the measures implemented to "fight" the virus, preying on people's fear for the sake of "safety".

[elkhunter11]

As I posted several weeks ago, it's not the virus that causes me any concern, more so the measures implemented to "fight" the virus, preying on people's fear for the sake of "safety".

The liberals can't stop the virus, any more than they can stop climate change, but they certainly are expecting us to hand our country over to them as if they could stop these things.

[Kurt505]

As I posted several weeks ago, it's not the virus that causes me any concern, more so the measures implemented to "fight" the virus, preying on people's fear for the sake of "safety".

Bingo. Keeping this thing in perspective is paramount, unfortunately it’s not applicable.

[Smoky buck]

As I posted several weeks ago, it's not the virus that causes me any concern, more so the measures implemented to "fight" the virus, preying on people's fear for the sake of "safety".

Yup the reactions of scared public and those exploiting the virus as an excuse to change Canada/world worry me way more than the risk of infection

Unfortunately the damage that will be caused by this outbreak will go far beyond the loss of life or health

[338winmag]

Less than 24 hours after Mr. Kenny said he hopes there is a place in hell for people like that, Trudeau and his liberals try to push this through. I guess they didn't get the message.

[Bigwoodsman]

Less than 24 hours after Mr. Kenny said he hopes there is a place in hell for people like that, Trudeau and his liberals try to push this through. I guess they didn't get the message.

By doing this Justin Trudeau, has made his vision for Canada very clear. Liberals first, Quebec second, Canada third. If the morons that voted him in haven't figured this out yet we are screwed now for the rest of the 21st century and beyond. It will take decades to dig out of this carnage caused by this government.

BW

[IronNoggin]

They pulled the "most offending" clause, but left in others that do much the same thing:

https://www.theglobeandmail.com/politics/article-liberals-pull-one-controversial-tax-and-spend-measure-from-emergency/

It appears "negotiations" are still underway as they have yet to recall...

Stay Tuned...
Nog

[Sooner]

All the disgust many of us have towards the liberals antics I bet they will still get way more votes than they should next election

Isn't that a scary thought. The sheep will be bamboozled by how our bearded statesman led us through the Covid pandemic and vote him back in. :scared0018:

[Smoky buck]

Isn't that a scary thought. The sheep will be bamboozled by how our bearded statesman led us through the Covid pandemic and vote him back in. :scared0018:

Not just that but you know he will play that card for sure. The scariest part is there is enough people who support his views in the big ride ings to give him a fighting chance and that is a proven

[vcmm]

As long as the voters in central and eastern Canada continue to receive handouts, they don't care.

Yup! We are screwed. I truly hate to say this , But Saskatchewan, Alberta, North eastern B.C. and the Arctic need to pull the pin on Trudeau. Plus all he represents!!!!!!!!!!!!!!!!

[Bigwoodsman]

Yup! We are screwed. I truly hate to say this , But Saskatchewan, Alberta, North eastern B.C. and the Arctic need to pull the pin on Trudeau. Plus all he represents!!!!!!!!!!!!!!!!

That’s a plan I can support. The liberals and Manitoba east can have each other. And they can let the door hit them in the ass on the way out. Northwest Canada can survive!

BW

[IronNoggin]

I simply can't understand why this fellow is not THE leading Candidate to take over the Conservatives!

https://www.youtube.com/watch?v=BBFomIvdGtM

[elkhunter11]

I simply can't understand why this fellow is not THE leading Candidate to take over the Conservatives!

https://www.youtube.com/watch?v=BBFomIvdGtM

He declined to run for the leadership.

[KGB]

He declined to run for the leadership.

He really should reconsider. He is by far the best and most qualified candidate.

[Sundancefisher]

https://calgarysun.com/opinion/columnists/bell-trudeau-pulls-fast-one-kills-covid-19-kumbaya

[zabbo]

As I understand it, the opposition parties have put the screws to the overall plan of giving the turd free rein till the end of 2021. Even the NDP wouldn't support it as it was. Think they only approved the part to get money out to people ASAP.

Wonder who came up with the rest of the plan?? The turd couldn't organize a kindergarten class without mega help from the students! Must be somebody pulling strings in the background? Morneau? Chretien? :thinking-006:

[cody j]

Regardless of whose idea this is, it shows us the true priorities of the Liberal party. the safety and health of Canadians is not at the top of the list that’s for sure

[zabbo]

Regardless of whose idea this is, it shows us the true priorities of the Liberal party. the safety and health of Canadians is not at the top of the list that’s for sure

Yes, I have to agree! :)

[Bigwoodsman]

Regardless of whose idea this is, it shows us the true priorities of the Liberal party. the safety and health of Canadians is not at the top of the list that’s for sure

The Liberal motto. All Liberal MP's must swear the following oath!

Liberals care about liberals first!

Liberals care about Quebec second!

Liberals care about Liberals first!

Liberals care about Quebec secong

The rest of Canada does not matter to a Liberal. I find it appalling that they would attempt to hide and slide through legislation that undermines the government of Canada. I find it even more disgusting that the only way to hold these arseholes accountable is by having a general election.

BW

[IronNoggin]

Trudeau’s $82B coronavirus support package gets royal assent, officially passes

Sources close to both the NDP and Conservative negotiating teams said both parties were in lockstep until the very end of negotiations in trying to get those powers narrowed.

Ultimately, the government did agree to scale back enough of the measures to get both parties on board and managed to secure the unanimous consent it needed to fast-track the bill.

Those concessions include getting rid of a proposal that would have let the finance minister raise taxes without parliamentary approval, requiring biweekly reports from the finance minister on all actions taken under the measures, and mandatory review of the legislation within six months.

https://globalnews.ca/news/6728936/coronavirus-canada-emergency-legislation/

[Deezel]

Power to raise taxes at will in COVID-19 aid bill was whip Morneau wanted to have against banks (https://nationalpost.com/news/politics/covid-19-power-to-raise-taxes-at-will-was-whip-morneau-wanted-to-have-against-banks-sources#comments-area)

The power to increase taxes at will was floated as a way to give Ottawa coercive power to bring Canadian banks into line if negotiations aimed at helping them increase their lending or reduce interest rates to consumers stalled, according to interviews with multiple sources familiar with the thinking behind the idea.
“Just knowing that the person on the other side of the table has that power without needing to go through Parliament is enough to make sure negotiations stay on track,” one source explained. “You obviously start with the carrot, but you have the stick in your back pocket just in case.”
There was also a growing frustration within the upper ranks of the Liberal government over concerns that banks had declined to loosen their lending standards, even as Canadian families and businesses struggled to gain access to the capital they need.