As I went for a jog last night, I noticed where they have removed a set of train tracks, to make room for a walking trail. This will be nice, I guess the tracks are trainless now… a sign of progress? As our nation stops manufacturing? Global economy, is it a good thing?
From the Globe & Mail:
“The average Canadian family now spends more money on taxes than on food, clothing and shelter, according to a report by the Fraser Institute.
“With growth in the total tax bill outpacing the cost of basic necessities, taxes now eat up more family income, so families have less money available to spend, save or pay down household debt,” said Charles Lammam, director of fiscal studies at the Fraser Institute, in a statement.
The report from the Vancouver-based think tank found that last year, the average Canadian family spent 42.1 per cent of its income on taxes and 36.6 per cent on basic necessities. The average family in that year made $79,010 and paid $33,272 in total taxes while spending just $28,887 on food, clothing and shelter combined.
The institute tracks the numbers through its Canadian Consumer Tax Index, which tracks the total tax bill of the average Canadian family from 1961 to 2014. Taxes tracked include income, payroll, sales, property, health, fuel and alcohol.
Since 1961, the average Canadian family’s total tax bill increased by 1,886 per cent, outpacing increases in food, clothing and shelter, according to the index.”
I take great distaste with politicians that just say we will raise taxes to pay for this…. or that. It never seems to end. 2% here 11% there, so they can paint their office, tear down a power plant… uhm to get votes, and pay incredible amounts of money to do so…. to people they know? hmmmm I best not go there, of course I could hire someone (a friend) to come in and wipe my computer, and pay them amazing amounts of money (like beyond comprehension amounts) to do so, then bill the tax payers? why not? When government does this, does it not set allowable precedent?
When money is spent on such silly wasteful things, and when they are confronted and spend more money to hide what they do, then raise taxes…. and this is not something that is just starting, this mindset. How does this change? We could launch a study.. I have a friend that can do it for a few million…. we will just raise taxes to cover the expense.
Where will it stop? If we now pay more on taxes than living expenses?
When we pay 100% in taxes, will it stop then?
I seriously doubt it.
There is another election approaching, we will hear a lot of promises. Almost all of them will cost more money though, so guess what?