Wait I thought inflation was under control tracking at only 2%. And they say we're not in recession despite our unemployment rate increasing from 5% in January 2023 to 6.5% in October 2024. So why would people need more government handouts and tax relief? This is the question I am posing to my local Liberal MP.
GO JUSTIN GOOOOOOO
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Whose performance?
DoFo is giving everyone $200 before an election while increasing the Ontario deficit by 50% under his rule.
Is he rewarding his own performance?
Justin has gone from increasing Capital gains taxes to know saying we don't need GST (Only for a couple months though), which we clearly know he needed.
He has no clue what he's doing and is still trying to chase headlines. A chase he continues to lose.
The title of this thread should read "GO AWAY JUSTIN GOOOOOOO"
Both are related.
Capital gains affects those profiting off of real estate.
HST cuts benefit lower income earners more than higher earners.
Both are good for most Canadians.
It's flagrant vote buying. They took the NDP's reasonable proposal of taking GST off of everyday essentials and tacked on a bunch of non-essential goods/services to water down what the original proposal is seeking to accomplish. Typical Liberal bullshit.
Like...taking GST off of video games?? Wtf?
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1: Because mouthbreathers don't understand the difference between inflation and general price level [based on past inflation
2: A recession isn't defined by unemployment rate. the most basic definition of recession is two consecutive quarters where the economy contracts, which usually equates to a reduction in gross domestic product (GDP).
What is a recession and how is it defined?
The word "recession" can strike fear for many investors, even though they are a normal part of any economic cycle. Here's what the term recession really means.
www.td.com
But the reason people need more handouts and reliefs is because that is a great way to buy votes. Sure it causes problems down the road, but that is future government's problem to deal with.
That is just about Axing The Facts, especially after it has been confirmed that Canada's Emissions have dropped since it was introduced.
The Middle and Low Income Canadians get back more than they pay for the carbon tax!!
Ford's handout/vote buying scheme (which I disagree with) goes to everyone, including the average shmo. JT's two month tax reduction/vote buying scheme, also applies to everyone. They're no different.
Because climate change is a hoax , right mr tin foil?
Climate change once ate my Dingo. I didn't even know I had a Dingo, I've never been anywhere near Australia. Scary stuff that climate change.
I know someone else, encountered climate change and 6 months later, Alien Space Herpes. Rough I tells ya.
Just to be clear, climate change is a real thing, it's serious and because people in the first world are only interested in doing anything as long as it requires minimal to no actual action and because we will never get China and India and the rest on board, it's going to happen and get worse, baring of course Chuck Norris stepping in.
Also taxing shit you don't want more of is a fanfuckingtastic way to raise revenue. If only we could tax Justin Beiber music and merch. It is one thing to argue that CO2 doesn't do shit, people are allowed to be wrong or engage in wishful thinking, but to suggest that taxing negative externalities once you accept something as a negative externality is a bad idea is just special needs.
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Climate change isn't a hoax, but taxing the hell out of citizens to no end, with the belief that what we do in Canada will somehow save the planet, is complete bullshit. Canada's share of global emissions was 1.40% in 2021. In other words, if you turned off the heat and air conditioning in everyone's home, took every car and truck off the road, shut down all manufacturing and every business, including our oil and natural gas production, basically shut down the entire country and move everyone out, the world world would see a reduction GHG emissions of less than 1.5%. That'll fix the planet!
P.S. Many people aren't buying what Trudeau's selling, which is another reason he's going to lose the next election. They've had enough.
There are 8 billion people on the planet. One could make the argument that anyone's individual efforts wouldn't make a difference so why bother.
Now if the argument is that there are some big emitters who won't do shit no matter what we do so there is no point, then you got something. No point trying if the Americans, Chinese and Indians et al are going to burn bitch burn. However this we are 1.5% therefore we can do whatever the fuck we want but larger countries are expected to act, then can't you see the issue there?
Trudeau basically undermined BOC decision on Dec 11 interest rate cut. Many people with mortgage renewal were hoping for jumb rate cut. Now they will be renewing mortgages at much higher rate. Well done Justin. He is so short sighted.
Question from a mouth breather. When have those other taxes been lowered in Canada? Income tax, property tax, etc.?
I never claimed they were except if we are going to be factual, Doug's $200 goes to everyone, Justin's $250 is somewhat means tested going to only folks making 150K net or less.
You know property tax isn't federal, huh?
Mouth breathers tend not to know these things. I'm sure you're way smarter and will go right down to City Hall and yell at Olivia Chow....
You know a large proportion of income tax is provincial, huh?
Mouth breathers tend not to know these things. I'm sure you're way smarter and will go right down to Queens Park and yell at Duggo.
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This mouth breather understands the concepts of inflation and recessions he holds a degree in Economics. Here are the past 'official' inflation figures since 20201: Because mouthbreathers don't understand the difference between inflation and general price level [based on past inflation
2: A recession isn't defined by unemployment rate. the most basic definition of recession is two consecutive quarters where the economy contracts, which usually equates to a reduction in gross domestic product (GDP).
Granted increases in unemployment rates come with recessions, and an increase in unemployment rate can be a warning that a recession is going to happen.What is a recession and how is it defined?
The word "recession" can strike fear for many investors, even though they are a normal part of any economic cycle. Here's what the term recession really means.
But the reason people need more handouts and reliefs is because that is a great way to buy votes. Sure it causes problems down the road, but that is future government's problem to deal with.
2020: 0.72%
2021: 3.40%
2022: 6.80%
2023: 3.88%
Total: 14.8%
I cannot find conclusive stats on average income growth but I'd conservatively guess its been 2.5% per year. Which would leave the average family behind by about 5%. Not great but that wouldn't necessitate government handouts. Or maybe, just maybe, the inflation rates are not accurate, which I have maintained all along for years. Even before Covid19.
Marked increases in unemployment rates are a leading indicator of pending recessions. Q2 growth was pacing to 2%. Q3 only 1%. I wouldn't be shocked if Q4 came in at zero or negative.