*Bribery with money we don’t have
Nothing says we screwed up as a country as 1/10th of our tax dollars going to just paying for our debt.
The other fun fact about our debt they like to gloss over and pretend it isn’t that bad by is claiming our national debt is low vs other developed nations. Meanwhile we ignore those other nations all basically do not possess sub sovereign debt (the provinces).
When its all added together it is actually worse than the majority of developed nations and we just keep borrowing for nothing.
Oh the government knows full well our national debt is skyrocketing, and a bigger & bigger chunk of our budget needs to go towards servicing that debt...
The LPC probably can't do math any better than I can, but surely to goodness they have to have some economists that advise them on things from time to time?
Now here's a question I highly doubt I'll ever get an answer to... (The context of the question anyway)
Canadians are more heavily taxed today than at any other point in recent history. We pay a carbon tax that has increased annually & will continue to do so for the next few years, our income tax has gone up, and the age at which people can start drawing their CPP is now a bit older...
Various industries that didn't have to pay a carbon tax before 2015 now pay a carbon tax (which they pass onto us) meaning that carbon tax is actually paid multiple times over by the time the consumer gets the product...
Yet despite all of this tax revenue coming in, we've managed to double the national debt in only a few years...AND...we just borrowed $500 billion
MORE ...
My question is...
Where do all of our tax dollars go, since they don't seem to be making their way to the federal government?
How can a government tax their citizenry to the extent this one does, and it
still manages to double the national debt & borrow another big chunk?
At the rate our debt is skyrocketing, you'd think the government doesn't collect a dime in taxes...
(Stephen Harper didn't impose a carbon tax, lowered personal income tax, and lowered the GST...and if I recall correctly we had budget surpluses. Just sayin...)
