Yes, you read the headline right, almost 50% of the population either works for government directly or is dependent on it. With this being the case there is becoming fewer left to create the real wealth needed to keep our economy afloat? Governments do not create wealth , they only distribute it. With so many dependent on governments for their livelihood, its understandable the strong opposition towards free enterprise, conservative thinking and the big move towards taxing the so-called rich and the push for more government spending.
Obama’s tax the Rich Plan- Most likely coming to Canada soon?http://www.theatlantic.com/business/archive/2011/09/gallup-americans-support-obamas-plan-to-spend-now-tax-the-rich-later/245434/
Presently the Federal , Provincial /Territorial and local governments account for over 22% of the workforce. On top of this there is the welfare and Social Security recipients; government pensioners; public housing beneficiaries; and people who work for government contractors. In the US economist Gary Shilling has calculated that 58 % of the population is dependent on the government for “major parts of their income. By 2018, Shilling estimates, an astounding 67 % of Americans could be dependent on the government for their livelihood. So better attack the rich. No one else is left. I doubt that Canada is far behind, especially if Trudeau becomes PM.
This growing trend of government support is not sustainable. It’s obvious that the majority of Canadians can’t be supported by the government with only the few paying the taxes to support them. Even the wealthy can’t support this. Canadians are already paying over 40% of their income to taxes and fees. This gravy train madness has to stop. Not only is it unsustainable, it’s taking away badly need labour from the private sector.
The question is , is any political leader in government brave enough to stand up and do something about it? Even small things like promote self employment in schools , reduce benifits or pay the public sector less so more workers will go to the private sector (the people who create real wealth) would be a start.
In the coming provincial elections this year it I would like to see a few public figures address this issue before it gets out of hand and there is nobody left, THAT’S NOT ON THE GOVERNMENT PAYROLL , to say NO to an every increasing government dependency. This ever-increasing majority on the government payroll will continue voting in their own interest , for more spending and more benefits putting all of us in a no win situation.
As Shilling noted, by 2018 we will have a real problem
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