Except for election marketing, the latest federal budget completely missed the reality of 2015, including global climate change and the rapidly increasing gap between the few rich and the very many not rich. The former mis-manager of the Natural Resources portfolio, Joe Oliver again put foot in mouth when he revealed the long term impacts of “Our Government’s™” latest budget.
Yes, income splitting and pumped up TFSAs will only benefit the top 10% of income earners and seniors in Canada, and it will deplete billions of dollars from federal coffers for future programs, but, what the heck, the grandkids can clean it up.
With not a single mention of climate change initiatives, be that alternative energy research and development investment, or a carbon-pricing policy, or funding for mechanisms to meet our broken-promise reduction targets, the budget was a clear indication of Conservative Reform Alliance Party pre-election values. As one commentator put it the day after the budget was tabled:
“Let’s face it, if you believe in social justice, First Nations equity, women’s and children’s issues, advancement for the 90%, and meaningful environmental policies, you probably weren’t going to vote Conservative anyway.” The 90% reference covered everyone from the poverty line to the upper middle class, most of whom are all working either coupon to coupon or paycheck to paycheck. Of the upper class, it is really the .01% who control just about everything in Canada.
As the Harper’s Magazine April 2015 stated in their Harper’s Index, by the end of 2016, the richest 1% of the population will control 50% of the world’s wealth, and I may add, the world’s politicians. If you are not filthy wealthy or from a major fund-raising cultural block, you are of no value to “Our Government™” so don’t expect the future budgets to change much.
Nice work Joe. I hope those Made-in-China/Vietman/U.S.A. New Balance budget running shoes carry you far and wide. Who knows, with acumen like that you may even pick up a job with Barrick Gold.
Skid Crease, Caledon