Author Topic: The Trudeau Brand  (Read 91175 times)

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Offline waldo

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Re: The Trudeau Brand
« Reply #3510 on: May 23, 2023, 05:37:33 pm »
Yes, it operates just like a second carbon tax.  How much is enough? Serious question.

your claimed "serious question" presumes you know something of the subject - clearly you don't! Again, these new fuel regulations require producers to reduce the carbon content of their fuels... companies not meeting those new regulation requirements will be taxed accordingly. Again, you presume producers will not comply with the regulations - will not meet the required carbon intensity reductions. You also presume that producers not meeting the regulations will pass resultant taxes on to consumers.

waldo's serious questions: notwithstanding the year-over-year record profits producers are making (Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records), do you not accept the "polluter pays principle"?

Offline Spike The Hike Shady

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Re: The Trudeau Brand
« Reply #3511 on: May 23, 2023, 07:10:55 pm »
your claimed "serious question" presumes you know something of the subject - clearly you don't! Again, these new fuel regulations require producers to reduce the carbon content of their fuels... companies not meeting those new regulation requirements will be taxed accordingly. Again, you presume producers will not comply with the regulations - will not meet the required carbon intensity reductions. You also presume that producers not meeting the regulations will pass resultant taxes on to consumers.

waldo's serious questions: notwithstanding the year-over-year record profits producers are making (Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records), do you not accept the "polluter pays principle"?
Carbon intensity reduction or be taxed?  You mean like a carbon tax?  How many more carbon taxes do you think there will be?  And what do you think the names of those will be?

Offline Spike The Hike Shady

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Re: The Trudeau Brand
« Reply #3512 on: May 23, 2023, 07:11:31 pm »
The Trudeau government illustrated perfectly.

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Offline waldo

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Re: The Trudeau Brand
« Reply #3513 on: May 24, 2023, 01:52:05 am »
...notwithstanding the year-over-year record profits producers are making (Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records), do you not accept the "polluter pays principle"?

Carbon intensity reduction or be taxed?  You mean like a carbon tax?  How many more carbon taxes do you think there will be?  And what do you think the names of those will be?

if only you had a brain... and an original thought! A "second carbon tax" is just more purposeful Poilievre/CPC rage-farming misinformation. C'mon Shady, do you have any analysis that projects large producers will not be able to comply with the slow iterative reduction requirements for respective compliance periods on through to 2030? Again:


Offline wilber

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Re: The Trudeau Brand
« Reply #3514 on: May 28, 2023, 05:45:44 pm »
https://www.bnnbloomberg.ca/federal-government-posts-41-3-billion-deficit-for-2022-23-fiscal-year-1.1925363

Another 41.3 billion added to the debt. That's another  1.85 billion in interest that will have to come out of yearly tax revenues or have to be borrowed to pay the interest.

Quote
Higher interest rates have pushed up public debt charges by $10.4 billion, or 42.0 per cent since the previous year.
« Last Edit: May 28, 2023, 05:54:19 pm by wilber »
"Never trust a man without a single redeeming vice" WSC

Offline Spike The Hike Shady

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Re: The Trudeau Brand
« Reply #3515 on: May 29, 2023, 11:28:46 am »
https://www.bnnbloomberg.ca/federal-government-posts-41-3-billion-deficit-for-2022-23-fiscal-year-1.1925363

Another 41.3 billion added to the debt. That's another  1.85 billion in interest that will have to come out of yearly tax revenues or have to be borrowed to pay the interest.
This is astonishing.  Prime Minister MasterCard to leaving quite a legacy.  And his supporters will attack the next PM who has to clean up his fiscal mess as heartless, etc.

Offline waldo

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Re: The Trudeau Brand
« Reply #3516 on: May 29, 2023, 11:39:06 am »
Federal government posts $41.3 billion deficit for 2022-23 fiscal year

better/less than forecast... compares very favourably to prior years $95.6 billion deficit

Offline Spike The Hike Shady

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Re: The Trudeau Brand
« Reply #3517 on: May 29, 2023, 12:07:08 pm »
better/less than forecast... compares very favourably to prior years $95.6 billion deficit
Yes, high inflation has helped Prime Minister MasterCard a bit this year.

Offline waldo

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Re: The Trudeau Brand
« Reply #3518 on: May 29, 2023, 12:19:36 pm »
c'mon Shady! Per the IMF, Canada has the lowest net debt-to-GDP ratio in the G7:




Offline wilber

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Re: The Trudeau Brand
« Reply #3519 on: May 29, 2023, 02:16:11 pm »
Total government debt to GDP is well over 100%. Canadian consumer debt is the highest in the G7, over 100% GDP  and increasing.

https://www.cbc.ca/news/business/household-debt-gdp-1.6852027

We are in hock up to our ears. If 10.4 billion represents 42% of federal debt servicing costs, that means 25 billion of government tax revenues just go to servicing federal debt. Never mind provincial and municipal debt. Even with balanced budgets, that number will continue to increase as old low interest debt matures and has to be replaced by new high interest debt. Because our governments just borrow and never pay anything back, they just keep making the minimum payment on the national Visa balance.

Don't worry be happy.
« Last Edit: May 29, 2023, 02:36:46 pm by wilber »
"Never trust a man without a single redeeming vice" WSC

Offline Queefer Sutherland

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Re: The Trudeau Brand
« Reply #3520 on: May 29, 2023, 02:39:39 pm »
I thought it was around 40 billion that was going to federal debt servicing?
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Offline Spike The Hike Shady

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Re: The Trudeau Brand
« Reply #3521 on: May 29, 2023, 02:54:56 pm »
Total government debt to GDP is well over 100%. Canadian consumer debt is the highest in the G7, over 100% GDP  and increasing.

https://www.cbc.ca/news/business/household-debt-gdp-1.6852027

We are in hock up to our ears. If 10.4 billion represents 42% of federal debt servicing costs, that means 25 billion of government tax revenues just go to servicing federal debt. Never mind provincial and municipal debt. Even with balanced budgets, that number will continue to increase as old low interest debt matures and has to be replaced by new high interest debt. Because our governments just borrow and never pay anything back, they just keep making the minimum payment on the national Visa balance.

Don't worry be happy.
Exactly.  It’s really unfortunate, as Canada was in such a great fiscal situation after the Chrétien and Martin budget initiatives.   Trudeau saw it as an opportunity to spend on a massive scale.  He essentially inherited a credit card with a small amount of debt and decided to max it out.

Offline Black Dog

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Re: The Trudeau Brand
« Reply #3522 on: May 29, 2023, 03:03:32 pm »
Exactly.  It’s really unfortunate, as Canada was in such a great fiscal situation after the Chrétien and Martin budget initiatives.   Trudeau saw it as an opportunity to spend on a massive scale.  He essentially inherited a credit card with a small amount of debt and decided to max it out.

Hey remind me; wasn't there a guy between Trudeau and the previous Liberal government? Weird awkward guy with terrible helmet hair? Increased federal per-person to the highest amount in Canadian history at the time?


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Re: The Trudeau Brand
« Reply #3523 on: May 29, 2023, 03:06:37 pm »
I think he was the guy who sold Canada out to China to such a devastating extent, CPCers have been rabidly projecting about it ever since.

Offline Spike The Hike Shady

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Re: The Trudeau Brand
« Reply #3524 on: May 29, 2023, 03:08:05 pm »
Hey remind me; wasn't there a guy between Trudeau and the previous Liberal government? Weird awkward guy with terrible helmet hair? Increased federal per-person to the highest amount in Canadian history at the time?
Complete and utter nonsense.  In fact, he handed Turdeau a balanced budget.