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  3. Mark Carney’s first budget projects $78B deficit, program and civil service cuts

Mark Carney’s first budget projects $78B deficit, program and civil service cuts

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  • T t00l_shed@lemmy.world

    Ummm, did you forget you propsed they would be the solution to our budget woes? Or are you not old enough to pay taxes and don’t realize we do those on an annual basis? (Putting aside the fact that most billionaires don’t earn it on taxed wages but more that they own unsold stock.)

    I never said they would be the sole solution lol. I’m old enough to pay taxes and I’m pissed that my tax dollars subsidize them, you should be too. There are businesses that get crazy tax breaks that we should take back, spend taxes on the population not the ultra wealthy. Yes close the fucking loopholes.

    One of the best tarrif rates in the world?

    I’d rather not be kissing his ass at all.

    Dafuq? You’re saying nationalize google

    The infrastructure yes, but Google won’t leave Canada if we enforce our laws because there are millions of Canadians and they would still make criminal amounts of money.

    Jesus though, this is why it can be so hard to take progressives seriously. This is just mindless slogan yelling with zero thought.

    And this is why it’s so hard to take centrists seriously, this is just mindless asskissing and excuse making to keep getting bent further and further over the barrel. We keep this up and you will own nothing and be happy for it, with no rights, no privacy, living in a corporate town using musk bucks to buy your Microsoft verification cans.

    M This user is from outside of this forum
    M This user is from outside of this forum
    MyBrainHurts
    wrote on last edited by
    #33

    I remain unconvinced that cuts for austerity purposes are ultimately beneficial, raise taxes on the ultra wealthy instead

    never said they would be the sole solution lol.

    Okay, so if we’re admitting your first plan of tax the wealthy is a little myopic here, which tax breaks are you considering removing? And how will this stop those businesses from instead, setting up shop in a lower tax, lower regulation, larger single market like Americas?

    I’d rather not be kissing his ass at all.

    How many people should lose their jobs because of your sense of pride? Just curious.

    Google won’t leave Canada if we enforce our laws because there are millions of Canadians and they would still make criminal amounts of money.

    Read what I wrote about the digital services tax. The concern was not that Google would leave.

    And this is why it’s so hard to take centrists seriously

    He just descends into mindless sloganning again. Everything I’ve said can be backed up, whereas your thoughts aren’t even consistent in this single thread!

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    • M MyBrainHurts

      I remain unconvinced that cuts for austerity purposes are ultimately beneficial, raise taxes on the ultra wealthy instead

      never said they would be the sole solution lol.

      Okay, so if we’re admitting your first plan of tax the wealthy is a little myopic here, which tax breaks are you considering removing? And how will this stop those businesses from instead, setting up shop in a lower tax, lower regulation, larger single market like Americas?

      I’d rather not be kissing his ass at all.

      How many people should lose their jobs because of your sense of pride? Just curious.

      Google won’t leave Canada if we enforce our laws because there are millions of Canadians and they would still make criminal amounts of money.

      Read what I wrote about the digital services tax. The concern was not that Google would leave.

      And this is why it’s so hard to take centrists seriously

      He just descends into mindless sloganning again. Everything I’ve said can be backed up, whereas your thoughts aren’t even consistent in this single thread!

      T This user is from outside of this forum
      T This user is from outside of this forum
      t00l_shed@lemmy.world
      wrote on last edited by
      #34

      Alright, I see you won’t take this seriously, and as such I won’t take you seriously. Best of luck to you

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      • N Nils

        That $2B USD from the digital service taxes would not be so bad now.

        Also, guess who will pay less taxes, and who will foot the bill?

        https://www.canada.ca/en/department-finance/news/2025/11/government-of-canada-releases-budget-2025-canada-strong.html
        A bit better diluted: https://www.cbc.ca/news/politics/budget-highlights-9.6966595

        (detailed): https://budget.canada.ca/2025/report-rapport/pdf/budget-2025.pdf

        S This user is from outside of this forum
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        shaggysnacks@lemmy.myserv.one
        wrote on last edited by
        #35

        Also, guess who will pay less taxes, and who will foot the bill?

        Less taxes for the richies and the corpos. Service cuts for everyday Canadians.

        1 Reply Last reply
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        • M MyBrainHurts

          Okay, but the person to whom I’m responding wanted to save money by taxing them. So, what services would you cut to be rid of the people who are paying for those services?

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          patatas@sh.itjust.works
          wrote on last edited by
          #36

          The problem with the existence of billionaires is really the wealth inequality itself, not the number of dollars in their bank accounts.

          Inequality is what gives the ultra-wealthy their outsized influence in the political economy.

          Dollars are not scarce items; the government can issue currency essentially at will. Taxes aren’t there to fund services. They exist to reduce inequality.

          So yes, tax the billionaires. And if they leave: we’re better off that way too!

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          • P patatas@sh.itjust.works

            The problem with the existence of billionaires is really the wealth inequality itself, not the number of dollars in their bank accounts.

            Inequality is what gives the ultra-wealthy their outsized influence in the political economy.

            Dollars are not scarce items; the government can issue currency essentially at will. Taxes aren’t there to fund services. They exist to reduce inequality.

            So yes, tax the billionaires. And if they leave: we’re better off that way too!

            M This user is from outside of this forum
            M This user is from outside of this forum
            MyBrainHurts
            wrote on last edited by
            #37

            Sorry, I seriously disagree with about all of this.

            Inequality is what gives the ultra-wealthy their outsized influence in the political economy.

            This is about Canadian politics. We have strict rules and limits on donations, advertising and support. Like anything, could probably be better but it’s a pretty fair balance.

            the government can issue currency essentially at will.

            Apologies but this is childishly ignorant. Look to most countries in South America about the consequences of doing so. Inflation is very real and reducing the value of the Canadian dollar hurts those who can afford it least.

            Taxes aren’t there to fund services. They exist to reduce inequality.

            Absolutely not. Being equally poor without teachers, doctors, roads, defence, I mean my God.

            tax the billionaires

            We do. You let me know how much you think we do currently, how much more you would like.

            And if they leave: we’re better off that way too!

            Who needs hospitals, schools, emergency responders etc anyway? At least we won’t have dumb ol’ rich people anymore!

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            • T t00l_shed@lemmy.world

              Alright, I see you won’t take this seriously, and as such I won’t take you seriously. Best of luck to you

              M This user is from outside of this forum
              M This user is from outside of this forum
              MyBrainHurts
              wrote on last edited by
              #38

              Nothing says serious like: “We’ll just get the billionaires to pay for it!”

              “and if they leave?”

              “We don’t need them!”

              Lol.

              Cheers kid.

              1 Reply Last reply
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              • S Swordgeek

                The budget was designed to pass.

                That means that it was pathetically compromising towards environmental protections, worker protections, a strong stance against the US, etc., etc.

                In other words, it’s pretty much a fucking milquetoast mess with nothing good.

                K This user is from outside of this forum
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                krooklochurm@lemmy.ca
                wrote on last edited by
                #39

                That’s Carney through and through though.

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                • M MyBrainHurts

                  To each their own.

                  Edit: removed personal details.

                  If you know anyone who works in government or a quasi governmental agency, they will tell you horror stories of colleagues who couldn’t be removed but couldn’t be arsed to do anything over the bare minimum (like being sober, showing up and handling at least one file a day.)

                  There has to be something in between the nihilistic conservative “burn it all down, no more bureaucracy!” and the opposite “every government employee is sacred!” I think a slow reduction through attrition and buyouts seems pretty reasonable and gives enough time to actually find efficiencies and innovations.

                  K This user is from outside of this forum
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                  Kindness is Punk
                  wrote on last edited by kindnessispunk@lemmy.ca
                  #40

                  The fundamental flaw is equating corporate efficiency with public effectiveness. A company’s goal is shareholder returns, so it serves profitable customers and abandons the rest. We see this taken to its extreme with certain venture capital and private equity firms: they can buy a company, burden it with the debt used for its own acquisition, extract massive fees and dividends, and leave it a hollowed out shell. When it collapses, the architects of that failure are shielded from the consequences.

                  A government’s mission is the opposite: to serve everyone, especially the vulnerable. Applying this profit extraction model to public service doesn’t eliminate costs it just shifts them, following the destructive maxim of ‘privatize the profits, socialize the costs.’ For a corporation, this might be a successful short-term play. But for a government it’s long-term ruin

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                  • K Kindness is Punk

                    The fundamental flaw is equating corporate efficiency with public effectiveness. A company’s goal is shareholder returns, so it serves profitable customers and abandons the rest. We see this taken to its extreme with certain venture capital and private equity firms: they can buy a company, burden it with the debt used for its own acquisition, extract massive fees and dividends, and leave it a hollowed out shell. When it collapses, the architects of that failure are shielded from the consequences.

                    A government’s mission is the opposite: to serve everyone, especially the vulnerable. Applying this profit extraction model to public service doesn’t eliminate costs it just shifts them, following the destructive maxim of ‘privatize the profits, socialize the costs.’ For a corporation, this might be a successful short-term play. But for a government it’s long-term ruin

                    M This user is from outside of this forum
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                    MyBrainHurts
                    wrote on last edited by mybrainhurts@piefed.ca
                    #41

                    Applying this profit extraction model to public service

                    Getting back to 2019 spending levels over a few years is hardly hollowing out the government.

                    And what that freed up money is doing is investing in stuff that makes those services work better.

                    For example in healthcare, which is hanging on by a thread, I think a few billion are going to building and renovating hospitals and investing in a new medical school. Those all make the services more efficient and sustainable in the long run.

                    Edit: My goodness, the cuts are something like 13 billion out of a 500 billion budget.

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                    • M MyBrainHurts

                      Applying this profit extraction model to public service

                      Getting back to 2019 spending levels over a few years is hardly hollowing out the government.

                      And what that freed up money is doing is investing in stuff that makes those services work better.

                      For example in healthcare, which is hanging on by a thread, I think a few billion are going to building and renovating hospitals and investing in a new medical school. Those all make the services more efficient and sustainable in the long run.

                      Edit: My goodness, the cuts are something like 13 billion out of a 500 billion budget.

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                      Kindness is Punk
                      wrote on last edited by
                      #42

                      Most of the money got reallocated to the military though.

                      M 1 Reply Last reply
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                      • K Kindness is Punk

                        Most of the money got reallocated to the military though.

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                        MyBrainHurts
                        wrote on last edited by
                        #43

                        They’re cutting 13 billion. 51 billion (over 10 years) is going to local infrastucture; housing, roads, health and sanitation facilities.

                        Yes, military got more (~82 billion) and I don’t love that. Though, one part I do love is that a chunk of that military is also dual use, so climate emergencies like wildfires, floods etc.

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                        • M MyBrainHurts

                          They’re cutting 13 billion. 51 billion (over 10 years) is going to local infrastucture; housing, roads, health and sanitation facilities.

                          Yes, military got more (~82 billion) and I don’t love that. Though, one part I do love is that a chunk of that military is also dual use, so climate emergencies like wildfires, floods etc.

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                          Kindness is Punk
                          wrote on last edited by
                          #44

                          Then give it to firefighters, climate scientists and forestry. The military is reactive not preventative.

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                          • K Kindness is Punk

                            Then give it to firefighters, climate scientists and forestry. The military is reactive not preventative.

                            M This user is from outside of this forum
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                            MyBrainHurts
                            wrote on last edited by
                            #45

                            Sure, you can dislike the military spending.

                            That doesn’t mean the budget isn’t investing more in the public than it is withdrawing.

                            K 1 Reply Last reply
                            0
                            • M MyBrainHurts

                              Sure, you can dislike the military spending.

                              That doesn’t mean the budget isn’t investing more in the public than it is withdrawing.

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                              K This user is from outside of this forum
                              Kindness is Punk
                              wrote on last edited by
                              #46

                              I dislike the increase in spending on military because the returns to the public are minimal, the US has proven that, decades running.

                              M 1 Reply Last reply
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                              • K Kindness is Punk

                                I dislike the increase in spending on military because the returns to the public are minimal, the US has proven that, decades running.

                                M This user is from outside of this forum
                                M This user is from outside of this forum
                                MyBrainHurts
                                wrote on last edited by
                                #47

                                Again, that’s a fine and valid critique of the budget.

                                The fundamental flaw is equating corporate efficiency with public effectiveness…

                                This position however, does not seem valid when the budget is putting in more than it removes from actual public services, 51 billion v 13.

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                                • R Rentlar

                                  The theme seems to be “reduce operating spending, increase capital spending”. We’ll see how that will blow over with the opposition.

                                  Nik282000N This user is from outside of this forum
                                  Nik282000N This user is from outside of this forum
                                  Nik282000
                                  wrote on last edited by
                                  #48

                                  Cut the 30B that subsidizes oil and gas.

                                  1 Reply Last reply
                                  10
                                  • M MyBrainHurts

                                    Sorry, I seriously disagree with about all of this.

                                    Inequality is what gives the ultra-wealthy their outsized influence in the political economy.

                                    This is about Canadian politics. We have strict rules and limits on donations, advertising and support. Like anything, could probably be better but it’s a pretty fair balance.

                                    the government can issue currency essentially at will.

                                    Apologies but this is childishly ignorant. Look to most countries in South America about the consequences of doing so. Inflation is very real and reducing the value of the Canadian dollar hurts those who can afford it least.

                                    Taxes aren’t there to fund services. They exist to reduce inequality.

                                    Absolutely not. Being equally poor without teachers, doctors, roads, defence, I mean my God.

                                    tax the billionaires

                                    We do. You let me know how much you think we do currently, how much more you would like.

                                    And if they leave: we’re better off that way too!

                                    Who needs hospitals, schools, emergency responders etc anyway? At least we won’t have dumb ol’ rich people anymore!

                                    P This user is from outside of this forum
                                    P This user is from outside of this forum
                                    patatas@sh.itjust.works
                                    wrote on last edited by
                                    #49

                                    You’re welcome to disagree - but everything I said is factual. If there’s something you don’t understand, I’m happy to explain - just ask.

                                    M 1 Reply Last reply
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                                    • P patatas@sh.itjust.works

                                      You’re welcome to disagree - but everything I said is factual. If there’s something you don’t understand, I’m happy to explain - just ask.

                                      M This user is from outside of this forum
                                      M This user is from outside of this forum
                                      MyBrainHurts
                                      wrote on last edited by
                                      #50

                                      the government can issue currency essentially at will.

                                      Okay, sure, this is technically true. In the same way that technically, you can drink bleach it’s just a very bad idea.

                                      P 1 Reply Last reply
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                                      • M MyBrainHurts

                                        the government can issue currency essentially at will.

                                        Okay, sure, this is technically true. In the same way that technically, you can drink bleach it’s just a very bad idea.

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                                        patatas@sh.itjust.works
                                        wrote on last edited by
                                        #51

                                        It’s literally how we dealt with the first phase of the Covid pandemic. Was keeping millions of Canadians from being evicted a bad idea?

                                        M 1 Reply Last reply
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                                        • P patatas@sh.itjust.works

                                          It’s literally how we dealt with the first phase of the Covid pandemic. Was keeping millions of Canadians from being evicted a bad idea?

                                          M This user is from outside of this forum
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                                          MyBrainHurts
                                          wrote on last edited by
                                          #52

                                          Covid, and emergencies like it, are entirely the point of fiscal responsibility!

                                          In an emergency, you can max out your credit. If you do that on the regular, for non emergencies, not only will you end up paying an absurd amount of interest, but you won’t be able to borrow more when the next emergency happens!

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