Brilliant solution by Freeland
Chrystia Freeland’s idea to get needed income for her spendthrift government with it’s $381 billion deficit is to “to unleash the massive mountain of excess cash some Canadian households and businesses are sitting on as a result of the pandemic.”
Since when has it become a bad thing for hard working households to save for a rainy day when for years pundits, policymakers and the media complained about the low savings habits of canadians? Just because this government doesn’t think that saving up for a rainy day is a good idea doesn’t mean Canadians don’t.
For instance how about the government considering reducing the GST, or realistically helping to create “real jobs, in real industries, with real products and services” (Pierre Poillevre). A tax system that seems to penalize ordinary working people needs to be reformed. Lowering taxes for working people would be much more productive in the long term. Speeding up approval for jobcreating projects needs to be speeded up and current unnecessary delays done away with.
The current government has adopted a “creditcard economy” that will result in the GDP ratio going from 31 percent to 56 percent next year. They have racked up a $381 deficit billion and continue to recklessly spend tax-payers money. We are headed for a sixth consecutive trade deficit.
Chrystia Freeland’s “pre-loaded stimulus” idea is aimed at your bank account and is a very bad idea that should be rejected by Canadians. They don’t need the government to tell them how to spend their hard earned money.