These days, Canada tax system there’s a strange tension between ordinary people and the powerful around the world. Government, taxes, and debtโthese are directly related to the lives of ordinary people, but in the name of these very things, some elites, those with influence over politics, money, and the system, are exploiting them. In this article, we’ll examine how taxes and debt (deficits) are being used as weapons to harass ordinary Canadians and line the pockets of the elite.
Tax Weapon: A Burden on the Common People, a Benefit to the Elite
According to the author’s points, the tax system in Canada tax system has become so lax that it now becomes a burden on ordinary people’s hard-earned money. Taxes are essential in every societyโthey maintain roads, hospitals, schools, and public utilities. But when the system itself becomes dishonest, the harm is greater than the benefit.
It states that the elite have rigged the tax system so tightly that ordinary Canadians pay far more than their fair share. Taxes that should have been imposed on the rich were reduced and placed entirely on the poor/middle class. While ordinary people are terrified by the mere mention of taxes, the elite are taking advantage of this situation. Later, they say, “Look, taxes have become a burden, now cut government programs.”
This means that in the name of taxes, by inciting public anger and gaining public support, they cut healthcare, social assistance, and aid programs for the poor, elderly, and unemp
loyed. What benefit? Again, to the elite.
The “Deficit” Excuse: Government Spending and Reckless Spending on Private Banks
Now, let’s turn to the second issue โ debt means deficit. Ordinary people understand that when the government runs into deficit, the country begins to falter. But the truth is a little different.
In Canada tax system, the Bank of Canada is owned by the government and is a fully government-owned bank. If necessary, these same banks can print money and help the government spend interest-free. But the article states that the government is borrowing from private banks instead of this cheaper method.
Now, all money borrowed from private banks incurs interest.
Who pays this interest?
From the taxes of the general public.
This means Canada tax system that the government is filling the pockets of private banks and emptying the pockets of the common man who pays taxes. The elite who run private banks, big companies, and investment funds grow richer with taxpayer money.
The Interest Game: The Rich Get Richer, the Poor Get Poorer
The government borrows from private banks
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Interest keeps rising
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Taxes pay that interest
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As a result, the common man’s money ends up in the pockets of the rich.
Through this cycle, the elite earn billions without effort, without risk, just from interest. And the same money that could be used to strengthen hospitals, schools, roads, and social securityโall of that money is wasted on interest.
Who is the real loser?
- Canada’s middle class
- Workers
- Farmers
- Small businesses
- Young people who dream of the future
- The elderly who depend on government assistance
These are the people who pay taxes, these are the people who pay interest, but the rest of the benefits go to a few wealthy individuals.
Where will the elite’s tactics lead?
- The public will suffer in the name of taxes
- Government services will be cut
- The burden on the public will increase
- The rich will earn money without hard work
- Democracy will weaken
- The public will lose faith in the government
These things are a kind of economic weapon, which gradually weakens society.
What is the solution?
According to the author, the government should not take huge loans from private banks and waste public money on interest. Use the Bank of Canada (Canada’s state-owned bank) Canada tax system if necessary.
The tax system also needs reform, one that reduces tax breaks for the wealthy and provides relief to the general public.
Conclusion
The gist of the entire article is that the tax and credit system in Canada tax system is so corrupt that steps are being taken to benefit the elite. Ordinary people are tired of paying taxes, and the pockets of the wealthy are becoming heavier. The fear of a “deficit,” the tax burden, and cuts to government programs all weaken ordinary people and increase the power of the elite.
