By Staff
April 17th, 2024
BURLINGTON, ON
We reported earlier today that we had heard nothing from Burlington MP KArina Gould on the federal budget.
Ms Gould sent out the following moments ago:
Dear Neighbour,
Yesterday, Minister Freeland released the 2024 Budget, Fairness for Every Generation.
This year’s budget is focused on giving every Canadian a fair chance to build a good middle class life, to realize the promise of Canada.
Budget 2024 achieves this by putting forward a blueprint for building more homes, making life cost less and growing our economy in a way that is shared by all.
Key initiatives include:
-
-
-
Karina Gould making a point – just this much.
cutting red tape and reforming zoning to get more homes built, faster,
- building more apartments and rentals across the country,
- unlocking public lands and government offices for housing for Canadians,
- building more affordable childcare spaces,
- enabling seniors, children and people living with a disability to go to the dentist,
- providing free contraception and insulin, and
- making our tax system fairer by asking the very wealthiest Canadians to pay their fair share.
-
-
Our government believes in a country where everyone has a fair shot at success. Budget 2024 is another step towards greater fairness in Canada. To learn more about Budget 2024, click here.
Along with the brief statement Gould provided some supplementary information on a number of government programs – we will do our best to get that data published today.
The interest on the Trudeau/Gould debt now stands at $54 billion a year or over $1 BILLION per week. About the same amount as the federal health transfers to the provinces. The feds also pull in $54 billion in GST per year.That money could go to pay for programs rather than go to paying interest on our debt. Meanwhile Gould appears to be enjoying the koolaid.
Nothing new here, folks! Just more wealth re-distribution but no wealth creation or productivity investments, other than in Justin Trudeau’s pet projects (i.e. EVs). And as far as a budget being focused on our younger generations, who exactly do the Liberals (incl. Karina Gould) think are going to be saddled with a $1.2 trillion & growing debt and related interest charges? Duh?
How in good conscience anyone representing the people of Burlington can stand by this budget is mind blowing.
With regard to the free dental services. This is a total joke. The first people eligible were over 90 years of age. There will be co-payments depending on their yearly income. The free dental program includes x-rays and a cleaning. If you have any dental problems you are not covered.
MOST IMPORTANTLY the dentists have not signed on to this plan because the government has given them no information on how this plan will impact them ( cost of services and the endless paperwork involved).
With regard to inexpensive childcare. Many of the daycares that signed on to the federal program realize that they are losing money and the end result will be that some daycare’s will close or opt out. So much for opening up more inexpensive daycare spots for work parents.
The pharmacare plan is just as ridiculous. If you have diabetes or want birth control you’re covered. Any other illness – forget it.
Let’s not forget the ballooning deficit.
This is the oldest political trick in the book, divide and distract by telling the wealthy to pay their fair share of taxes.
Lower income tax payers love this, right?
Don’t be fooled, they are coming after you too, and already have. Inflation is a tax on the poor and middle class, the wealthy have assets that inflate in value during times of high inflation.
Carbon tax (or a tax on plant food as some/I call it), is a tax that hits the lower income workers the hardest.
High mortgage rates hit the middle class that have mortgages and drive up rental costs. The wealthy have paid off their mortgages, more deficit spending pumps dollars into the money supply and drives inflation and will keep interest rates high.
The Bank of Canada knew this last month, and combined with the Carbon Tax did not lower rates. Inflation is now ticking higher, so I don’t expect a rate drop until Q3 or Q4.
Corporations that pay a higher tax, like the proposed change to Capital Gains, have lots of “levers” to defer capital gains, if they do have to pay the tax, this is just another cost, and over time prices will rise to meet margin and profitability requirements of the market/business – so the consumer ultimately pays for higher taxes in a business.
The key to growing the economy, is to tax less, reduce the size of government, and allow/trust people to spend and invest to drive growth. This budget is from a desperate government, 15% or more lower in the polls, looking to buy votes, but in the end creating a lot more harm.
Here is some much needed supplementary information on deficits from 2015 to Yesterday.
Where does it say ?The budget is designed to help us get elected.Too bad obvious !