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Canada is UTTERLY a failure! But we have socialized medicine!!!

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@bearbear613
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She Speaks Feminism! In other words, Canada is UTTERLY FUBAR in terms of our 'budget'.

When to get out of crypto!

It's a cycle YO!

Dollar cost average on the way up, and dollar cost average on the way down! But then I'm left in a bannana republic with a currency inflating faster in the belly of an obese person at an all you can eat buffet!

Finance Minister Chrystia Freeland‘s first crack at a budget plan is also widely viewed as a pre-election platform with more than $100 billion in new spending over the next three years targeting a wide variety of voters, from seniors and their caregivers, to parents and business owners.

"Canada’s net debt is now over $1 trillion for the first time ever, after a $354 billion deficit for the pandemic year just over. It is expected to keep climbing with deficits of $155 billion this year, and $60 billion in 2022-23."

That is driven in part by more than $100 billion in new spending over the next three years, including costs to maintain federal wage and rent subsidies and aid for laid-off workers, until September now, instead of cutting them off in June.

Alright so I know the plan is to start pairing down my crypto into stable coins and to buy back in.

https://www.zerohedge.com/economics/canadas-freeland-unveils-feminist-budget-slaps-new-tax-non-residents-big-tech

"The budget includes a tax measure that will sting a few private equity shops, limiting interest-expense deductions to 40% of a company’s earnings starting in 2023 and 30% after that.

Non-resident homeowners will face a 1% tax if their property remains vacant, and a luxury tax will be levied on airplanes and cars worth over C$100,000, as well as yachts.

And finally, as of 2022, some digital companies will face a 3% tax on revenue from “digital services that rely on data and content contributions from Canadian users” -- a measure designed to squeeze some cash from foreign technology giants including Facebook. The government thinks it can raise C$3.4 billion over five years from the levy."

Bets comment so far?

Feminist economic policy...

"Taxing the crap out of men, so they can give free **** to women. So women can stay in the workplace, pushing down wages for men, and not have any kids. So TPTB have an excuse to bring more immigrants to push down wages for everyone... "

  • Canada is 1/10th the population of the US.

  • Budget of $400 billion equates to $4 trillion USD budget.

  • Canada has no military to speak of, no space program, next to no infrastructure..

Yah, we are in big trouble and perhaps we are the first case of a first world country today going straight to Venezuelan status.

I'll keep my crypto.. thanks! I guess my kids should save up to move AWAY!

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