It's Just An Economy

There must be a reason why math is not taught properly in schools:

Prime Minister Justin Trudeau’s new government is set to impose higher taxes on Canadians, which will help fund some campaign promises but are not broad enough to also start paying down the country’s record levels of debt, leaving Canada vulnerable to the next economic crisis, analysts say. ...

Canada’s gross debt-to-GDP ratio jumped 36 per cent last year to 118 per cent amid massive government transfers of aid to individuals and businesses, by far the largest increase of the G7 group of wealthy nations.

 

If the proponents of taxing the rich really think it will work, they can surrender their own pensions and those who moisten the chairs in the House of Commons.

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Of course the Liberals don't care. They already have the votes and the taxes. F--- the public:

And in terms of putting things off, Trudeau is even getting some unsolicited help this week from the Governor General, who is out of the country on a state visit to Germany. And it isn’t just ceremonial, as Mary May Simon is attending the Frankfurt Book Fair, easily the most important event in the global publishing industry, at which Canada is the guest of honour this year. In Berlin on Monday, she also met outgoing German Chancellor Angela Merkel, a staunch ally of Canada in NATO, the G7 and G20 during her 16 years in office as the most influential leader in Europe.

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The funny thing is that they voted for more of it:

Debt-ridden Canadians are seeing their quality of life diminish even further as the COVID-19 pandemic drags on, a new survey suggests.

The 2021 BDO Affordability Index released Monday shows 43 per cent of Canadians added to their existing debt thanks to the pandemic. That’s up four per cent from the year before.

One quarter (26 per cent) of Canadians have added at least one new type of debt, and 70 per cent of them say this new debt is making their quality of life even worse.

 

 

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Federal management of office buildings is so “unreliable” taxpayers face billions a year in unfunded maintenance costs, says an internal audit. The Government of Canada is the biggest landlord in the country, the report noted: “It is no longer sustainable.”