Taxation and the middle class

[jeffster]

You can't really blame the entirety of wasteful spending on whatever political party is in office. It's more of an economic/financial issue at its core, not an ideological one. You can look at deficits and debts, for example, and see that both sides have done superb jobs of screwing that up.

Yes, but the Conservatives always end up increasing the deficit by cutting the taxes that pay for everything the government does.

I dunno. The federal Liberals doubled our debt in less than 9 years - causing generation debt for anyone born after 1980. Debts are created by large deficits. Much of this debt was also before covid-19 - when the economy was apparently steaming along nicely.

We have had several tax increases the past 9 years with very little to show for the majority of Canadians, other than record high home prices that make it impossible for 90% of Canadians wishing to buy a home or rent a small apartment totally impossible and unaffordable. Many of the tax increases affect the lower income folks the most, including a 20% increase to payroll tax (CPP) - that increase (and increased payment when you retire) don't actually give you more money, as your GIS is subsequently wiped out if you qualified for it. This is no different than the 'invisible' tax increase during Mulroney and Chretien - that was, the personal exemption stayed the same. Plus massive cuts to CPP death payments by same Liberals.

Doug Ford, not loving the guy, but he did decrease taxes for the poorest of the working class ($0 taxes for those making $30,000 or less for employment income) - also record increases to ODSP. You won't hear Liberals talk about that - as they solidly increase taxes on the poor the most - while creating more money for banks (their friends). As announced yesterday, Trudeau wants people to be in mortgage debt for 30 years rather than 25 years - so yeah, save 5% on your month payments, but end up paying 25% more in the long run.