Quote:
Originally Posted by Groundhogger
I'm legitimately starting to wonder if Trudeau is trying to create a bigger mess before he's ousted so it takes longer for a Conservative government to turn it around. He's spending money like he's back to printing it again.
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Quote:
Originally Posted by Twisted Canuck
Trudeau said it is about ensuring the government has the money to correct generational fairness.
“We’re asking them to pay their fair share so that younger generations can have the same opportunities that Gen-Xers, boomers and other generations had when they were starting their lives.”
He said if the Conservatives vote against the budget, as they have indicated they will do, it will be because they want to protect this small group from higher taxes.
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Trudeau
is printing money and he knows it will end up screwing younger people.
Did you notice the comment about future debt issuance that quickly flew by? Gov of Canada expects to issue $500 billion of debt in the coming year. Compare this to around $100 billion issued when Trudeau came into power. This is called printing money out of thin air and it is highly inflationary.
The money printing has to happen because Trudeau tried "taxing the rich" (over $250k annual income) before and it backfired massively. So they'll just print money this time.
In 1970 having $100,000 meant you were rich. Under Pierre Trudeau's 10 years' of 10% inflation that $100,000 had only $10,000 of purchasing power by the early 1980s. His son is just repeating this process -- remember Pierre Trudeau's ~1983 budget that taxed everything and choked productivity and private sector investments? Y'all remember... the National Energy Program he put in place to fix the problems he created?? Well Justin Trudeau is doing it again in 2024.
You there! The young person now making $100k a year! Congrats! That means the Liberals define you as rich. Too bad gasoline costs $200 to fill up, utility bills are the size of your mortgage and food costs have more than doubled. And housing is still unaffordable because prices are climbing, interest rates for a mortgage can't come down because inflation is caused by printing money out of thin air, and your taxes are going up (because you are rich, ya' know).
Young people are going to be soooooo screwed.