(04-15-2025, 05:28 PM)tomh009 Wrote:(04-15-2025, 02:14 PM)Kodra24 Wrote: The spending is out of control and our current tax system is out of touch and uncompetitive - we are a broke nation
So, you are conflating two different things here: the level of taxation, and the government's fiscal situation.
We do indeed pay more taxes than US residents (although we get healthcare and other benefits for that) but the difference is not that massive.
Canada: 34% total tax burden/GDP
USA: 27%
Spending out of control?
Canada: 2.3% government deficit/GDP
USA:6.2%
As for being broke:
Canada: 18% net government debt/GDP
USA: 123%
And, yes, it really is true ...
Are you telling me that Canada has to live in financial reality and try to spend within its means, and the US as the global reserve currency can spend like crazy and keep printing money to keep the party going? Sounds like a pretty precarious situation to begin a global trade war with, tbh... It also sounds like not the sort of thing we should constantly compare ourselves to.
local cambridge weirdo