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The middle class prosperity minister was asked to define “prosperity” earlier this year.
They have a year left in this mandate.
The Liberal Government has stated they want to build a strong middle class, but who comprises the middle class? Mr. Morneau in his 2017 budget speech stated, "All Canadians must pay their fair share of taxes," but what is a "fair share"? Let's do the math and find out.
Leading up to the Federal government's 2017 budget, there was speculation about an increase in the tax on capital gains. The current tax exemption is disproportionately beneficial to the wealthy, and it has little in the way of general economic benefits. Only half the value of capital gains is currently taxed.
While Liberals continue with their failed Bobby McFerrin "Don't worry be happy" economic mantra, the data paints a different picture. In 2009 the number of Canadians who considered themselves working class or poor was 29 per cent. That number has since jumped to a stunning 44 per cent.
Justin Trudeau is perpetuating a myth about the middle class. In reality, it has devolved into a new working class that is both white collar and blue collar - a world defined by massive levels of student debt, sky-high housing prices and the perpetual cycle of short-term contract work without benefits.
If last year's provincial budget could be described as "petty" after Finance Minister Mike de Jong doled out an increase in assistance rates for those living with disabilities -- only to claw most of it back by ending the subsidized bus pass program -- this year's budget could best be described as "petulant."
The combination of four factors, globalization, outsourcing, automaton, and the increasing adaptation and use of artificial intelligence is taking a growing toll on the low-income and middle-class sections of the society in developed countries, which is prompting the debate for the introduction of universal basic income.