Time To Decide, Canada： MORE Welfare Or LESS Taxes
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Summary
In this episode, we talk about our government's overspending and the debt that they have accumulated over the past decade. Should we cut back on government spending so that we spend within our means, or increase taxes just so we can keep these social programs?
Transcript
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What do you think about our government's overspending and the debt that they've accumulated?
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In general, I'm weary of increasing spending, I would say.
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Personally, I think it's one of the biggest issues.
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Previously under Trudeau's government, there was a lot of overspending that was occurring in a lot of unnecessary areas.
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Because then we're having problems where we're borrowing money and I think we should focus more on oil and stuff
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versus maybe like spending a little bit less on maybe some social stuff that we were already really good in.
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Like the drug use facilities, for example, I think those are really beneficial.
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And like a lot of the programs on like education on like LGBTQ communities, I think that's really like important.
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I think overall some things I think are non-negotiable, like the first ones that I mentioned.
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Over the past 10 years, the local government has increased our national debt by twofold.
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Where do you fall on the issue? Should we cut back spending as much as we can so that we spend within our means?
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or should the government introduce more taxes just so we can keep these social programs?
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In general, I am, I guess, weary of increasing taxes
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and I would probably prefer to see some cuts as far as spending into some programs.
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Living below our means, basically, yeah, that would be the better option
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if we need to increase taxes to support programs like drug use facilities and education on like
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different communities i think that is um fine yeah i think taxation it reduces productivity
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and it'll incline people to leave and i think what canada needs to do if anything would be to
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actually lower taxes to get more businesses to stay here so yes i do i think that over taxation
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is bad for the economy economy although it's a little bit political i think something like
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doge is is needed because i think if people do look into government spending and actually reduction
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rather than adding more parts to the government i think that's that's the greatest place to start
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what do you think could happen if like the debt gets way out of hand your dollar just goes into
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into nothing you won't be able to afford a lot of things and it's a very worrying thing and i think
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I think that we have a chance as one of the leading countries to stop it before it gets too bad.