Report indicates that Trudeau's tax increase has reduced revenues for the federal budget. I guess he didn't know about the laffer curve or something
>The Liberal government's 2016 tax hike on Canada's top one per cent not only failed to yield the promised billions, but resulted in a net revenue loss for government coffers, according to a new report released by the C.D. Howe Institute.
>Tax data from the Canada Revenue Agency (CRA) revealed this summer that Ottawa's tax hike failed to live up to its revenue-boosting expectations in its first year of implementation. The numbers showed that high-income earners actually paid $4.6 billion less in federal tax in 2016, the first year the tax changes took effect. That was a far cry from the $3 billion in new revenue that the Liberal Party's campaign platform said the new tax would raise.
>The Laffer Curve is a theory developed by supply-side economist Arthur Laffer to show the relationship between tax rates and the amount of tax revenue collected by governments. The curve is used to illustrate Laffer’s main premise that the more an activity — such as production — is taxed, the less of it is generated. Likewise, the less an activity is taxed, the more of it is generated.
>The Laffer Curve suggests that, as taxes increase from low levels, tax revenue collected by the government also increases. It also shows that tax rates increasing after a certain point (T* on the diagram below) would cause people not to work as hard or not at all, thereby reducing tax revenue. Eventually, if tax rates reached 100 percent, shown as the far right on his curve, all people would choose not to work because everything they earned would go to the government. Governments would like to be at point T* because it is the point at which the government collects maximum amount of tax revenue while people continue to work hard.
Keep in mind that the Laffer curve is not an "ideal".
An ideal government wants to benefit the people and therefore taxes far less than the Laffer optimum since the overall wealth and welfare is increased by more people working.
The Laffer curve is the limit for a government bent on enslaving its population for profit.
>Canadian Prime Minister Justin Trudeau’s plan to dramatically increase taxes on carbon emissions to combat climate change is setting the stage for a bitter and partisan federal election next year
Leaf farmers export their meat at normal world prices, for example, about $0.50/lbs to the USA. They export millions of tonnes a year for the same exact chicken breast that leafs have to pay $10-20/lbs for.
The food industry in Canada is run by the Italian Mafia, and this is an open secret. Canada has literal communist-inspired supply management policies created by Trudeau's step-dad who was bff's with Mao.
Why does chicken breast that retails for $2/lbs non-sale prices in the USA get imported from Canada for $0.50/lbs, yet sells for $10-20/lbs? Just a simple question.
They have been socially engineered to be absolute gluttons for punishment; the ultimate Paypig people. The only thing that I have seen that comes close to their behaviour on these boards over the past few months are literal paypigs who are into 'findom'.
All of their indoctrination tells them that paying ridiculous high prices is a good thing. They think being a paypig to their agricartels is an accomplishment.
-pic on the right would cost $270 in paypig land if you paid canadian paypig bucks.
no leaf as been able to piece together these items for less than $270 CDN in canada.
In order to get it for less than $270 you'd have to plot out which stores to hit and when, you would need thorough recon and reliable price and availability intel - possibly recruiting locals as though it were a military raid. You might even need to recruit agents from within the stores.
To give you an idea of how hilarious this is, >1 barrel = 42 gallons >1 barrel gasoline = $252 >1 barrel of FLO (Fucking Leaf Oil) = $5
Americans buy Leaf paypig oil for $5, crack it then sell it back to paypig Leafs at nearly $6/gallon, making a profit of $247 off $5 or a 5000% crack spread.
>Meanwhile in the Land of FREEDOM 1 gallon gasoline (RBOB) = $1.3888 in the futures market, so 1 barrel of gasoline is $58 while 1 barrel of WTI is $50.42, so a crack spread of $7.58 or 14.8%
Can completely confirm. People are starving in the streets. The secret police are the only thing keeping riots from starting. Everyone knows that if you look like you're trying to organize one, they will disappear you to the prison camps in the north, where muslims and black people whip real white canadians six gorillion times a day. Send help.
trudeau is murdering immigratns in his labor camps, hes gone full hitler!!! these are the makeshift ovens in canadas frozen north used to dispose of bodies
Leaf Life Hack: Brunswick Sardines is the secret to wealth in Canada. ~14g of protein per serving, high in Omega-3? No more cartel eggs! This is the way out of grocery induced poverty. This is the way to middle class in Canada.
