‘What made you a Serf was that you only got to keep 75% of what you produced; the lord took 25%. And we call that Feudalism; Serfdom, and it was very oppressive. Well compare that to what we have now. Most American businesses; entrepreneurs’ would love to be able to keep 75% of what they earn, because very few people do, and now the government wants to take even more.’ Peter Schiff
In high taxation nations like Canada, we are already way beyond what the medieval lord expected of his serf class in terms of personal taxation levels. Not only do individuals pay a base rate of 15-26% on earnings up to $150,000, but when we then spend that money, we are subjected to another 12% via Provincial & Federal sales taxes.
The true rate of taxation for Canadians is closer to a staggering 40%, but even that isn’t enough.. now more is needed.
This week the Trudeau government announced that it would be increasing the Canadian Pensions contributions (CCP) along with Employment Insurance (E.I) premiums for working Canadians, as it had last Jan 1st. Read Article Here
According to CBC, who is no newcomer to patronizing whilst propagandizing:
‘Jan. 1 is going to feel like Groundhog Day for all those paying into the Canada Pension Plan. Like last year, contributions are going up again by more than originally planned, and the reason again lies with the unique impacts of the pandemic on the labour market… So premiums are going up.
But there’s more
The changes to the Canada Pension Plan aren’t done. Prime Minister Justin Trudeau has asked Finance Minister Chrystia Freeland to work with provinces to increase by 25 per cent the amount paid out in CPP benefits to widows and widowers.
EI premiums are going up as well once a two-year federal freeze on increases thaws next year. Premiums are set to rise thereafter from $1.58 per $100 of insurable earnings, to $1.83 by 2027. The yearly increases are the maximum amount allowed by law and need to go up to refill the EI fund after it was drained by pandemic-induced demand.
You have to admire the cozy manner in which they package bad news. So once again, it’s your fault serfs – did you get that? Nothing to do with the policies our handlers forced upon you. Hey, but you still get to be Canadian, so that’s worth it, right?
It would appear that rather than the budget being left to balance itself – as Trudeau previously boasted it was able to do left to its own devices, like the robber baron King John whose reputation still lies in tatters after nearly 1000 years, he now needs to pay for his lockdowns by raiding the poor for more coin
Cue the tax collectors.
The Trudeau government spends like a whore on Rodeo Drive, and now their task is to convince Canadians that they need to submit to post-Feudal enslavement package, and that the quality of life they ‘enjoy’ is worth trading 50% of their gross income for.
The elephant in the room however, is and always has been since the Financial Crisis of 2008, a central bank culture of money printing that is required to keep a multi-trillion dollar debt crisis from coming to fruition and collapsing the entire global economy.
When the market is flooded with wave after wave of cheap money (QE), everything with true value rises on that tide, and in doing so reflects a grotesquely deformed portrait of a functioning economy. No wonder they are so eager for their Great Reset.
Canadians increasingly cannot earn enough money to afford their asset bubble homes, and are permanently at the mercy of interest rate hikes, which have been kept at near 0% since 2008 in order to avert a housing crash. The last thing anyone needs after two years of forced lockdowns and shuttered economies, are more stealth taxes from our political elites.