The Government of Canada is Robinhood !!!
For the fiscal year April 1st 2005 to March 31st 2006, Canada's federal government collected $222.2 billion in taxes and other revenues. That represented a bit over 16 per cent of our country's nearly $1.4 trillion economy. Canada's Population at this time was around 30 million.
Where did this money come go? And where did it come from? I will try to answer that for you, all numbers approximate and provided by the Government of Canada.
Here is where it went-- $33.8 Billion to interest payments on the Federal Debt Do you realize this was over $1000 for each Canadian. Including your kids
--$29 Billion --old age security, gaur inc supplement, allowance for spouses
--$14.4 Billion --Employment Insurance
--$9.2 Billion --Child Tax Benifit
--$19 Billion Canada Health
--$8.2 Billion Canada Social Transfer
post-secondary education, social assistance and other social programs
--$12.4 Billion Equalization and Territorial Financing
--$3.9 Billion Other transfers
--$9 Billion First Nations
-- $2.6 billion in assistance to farmers and other food producers
-- $4.0 billion in foreign aid and other international assistance
--$5 billion in support for research and development, infrastructure, regional development and assistance to businesses
--$15 Billion Department of National Defence
--$6.6 Billion Public Safety and Emergency Preparedness
--$4 Billion Canada Revenue Agency
-- $24 Billion Environment; Fisheries and Oceans; Health; Human Resources and Social Development; Industry; Justice; Natural
Resources; Public Works; Transport; and Veterans Affairs.
--$0.5 Billion Parliament-the House of Commons, the Senate and the Library of Parliament
--$0.7 Billion Atomic Energy of Canada Limited
--$1.7 Billion CBC
--$2.1 Billion CMHC
--$13.2 Billion Budget Surplus (Applied to Federal Debt)
Where did all this money come from?
--$107.3 Billion Personal income tax
-- $33 Billion Revenues from the goods and services tax
--$32 Billion Corporate income tax
--$17.7 Billion taxes-such as non-resident taxes, customs import duties, energy taxes and excise taxes on alcohol and tobacco
--$16.5 Billion employment insurance premiums
--$19.6 Billion earnings by Crown corporations and the sale of goods and services
My Conclusion
WE LIVE in a RobinHood Society
In Canada, a lot of money is being taken from a lot of people only to be handed to different people.
Canada spent $3 Billion to collect $33 Billion in GST. Then spent $Billions to refund $Billions back to the lower income.
With such a high cost of everything Government, would it not be better for the government to take less and not waste money on collecting more just to redistribute.
