Category: Great Moments In Socialism

A Nice Parting Gift

entitlement generation Gradually Then Suddenly It's Probably Nothing nannystate 20 Comments

Most wage earners would not be surprised to see a recession in the near future; for many, it’s already begun as prices have outstripped wage growth for many months.

Over 20.5% accumulated inflation over the past four years, government deficit spending has reached nearly $2 trillion annually despite record tax receipts and a growing economy, public debt has reached almost $36 trillion, and the monthly job figure includes an astonishing 43,000 new government jobs each month. In 2023, nearly 25% of all job gains were government ones, and the entirety of the growth of the labor force in the past four years came from foreign workers.

The Biden-Harris administration has left a massive time bomb for Trump and Elon Musk’s government efficiency office…

The Zimbabwe Solution

Gradually Then Suddenly Great Moments In Socialism It's Probably Nothing 13 Comments

In a country where the leaders refer to each other as comrade, it’s only a matter of time until they come up with a scheme to strip-mine investors. What could possibly go wrong?

Alarm bells are ringing in South Africa over the potential introduction of a wealth tax, a measure being pushed by several civil society organisations and now being considered by the National Treasury in collaboration with SARS.

If a wealth tax is to be introduced, questions remain as to whether it will tax wealth directly or focus on the returns generated by wealth, which are already subject to various taxes, including personal income tax, capital gains tax, and taxes on interest and rentals.

I’m Not Eating Bugs

Great Reset War On Meat 22 Comments

London Free Press- London cricket plant cuts two-thirds of workforce amid cash-flow crunch

Aspire Foods announced the jobs cuts Wednesday. About 50 workers remain at the plant in southeast London that opened in 2022 and received $8.5 million in federal government funding.

“It has been challenging. The company was ramping up but it became clear we needed to improve yields and we did not have cost structure” to improve production while keeping workers on site, he said.

“The mechanical systems were challenged, they were overloaded harvesting. We had crickets everywhere.”

Unicorn Economics

entitlement generation Gradually Then Suddenly It's Probably Nothing nannystate 24 Comments

There’s no magic formula that’s going to make a ponzi scheme sound, but that doesn’t stop a lot of academics from trying to find one. I also have to wonder how the author comes to the conclusion that Canadians pay less taxes than they used to.

The income taxes paid by Canadian millennials are being squeezed by population aging. The typical 35-year-old now pays approximately 20-per-cent to 40-per-cent more for boomers’ healthy retirements than boomers paid as young people to support the smaller number of seniors in their day.

This extra tax burden will only get heavier in the years ahead as Ottawa enacts planned increases for Old Age Security (OAS) and the Canada Health Transfer, and provinces increase medical spending for their aging populations.

Great Success!

Gradually Then Suddenly Great Reset Shiny Pony 16 Comments

Blacklock’s- Owe $1.76 For Each $1 Earned

Household debt in Canada is nearly $3 trillion, more than the value of all economic production nationwide, Statistics Canada said yesterday. The cost of credit fees and charges alone was costing billions, a StatsCan analyst told the Commons industry committee.

“By 2024, in August, household debt had reached nearly $3 trillion though the relative debt level slightly decreased to $1.76 for every dollar of disposable income reflecting higher income growth,” said Withington.

That’ll Fix It

Tommy Douglas: Not Dead Enough 6 Comments

Blacklock’s- Say Definition Aids Millions

A current program under the Canada Student Loan Act writes off up to $60,000 in loans for doctors and $30,000 for nurses who agree to practice in rural Canada. Previous regulations defined rural as remote “census subdivisions” but excluded population density.

“The current definition of an ‘under-served rural or remote community’ tends to exclude areas that may be considered rural within broader municipalities, making them ineligible for the benefit,” said the notice. It gave by example the hamlet of Sheet Harbour, N.S., population 800, that was disqualified from the program since it is a 90-minute drive from Halifax.

Diversity Is Our Strength

Great Reset More Pavilions At Folkfest Shiny Pony 6 Comments

Blacklocks;

Immigration Minister Marc Miller’s department in an internal report admits it took no steps to determine if foreign workers took Canadian jobs or kept wages low. “Impacts are not monitored,” said the report: “The program is less aligned with commitments to consider Canadian workers first.”

Canada needs mass immigration because a growing population is essential for a healthy economy. (link fixed!)

Keir Starmer’s Britain

Great Moments In Socialism War On Agriculture We Need A Famine 17 Comments

Where the foxes caper unmolested, the government packs your school lunch and what’s theirs is theirs and what’s yours is theirs.

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