News Story of the Day: what the heck is happening in Canada?
This week, Prime Minister Justin Trudeau and the Liberals introduced the federal budget. As to no one’s surprise, it was more of the same: spend, spend, spend. With a projected deficit of just under $30 billion for the coming fiscal year, Trudeau is still clamoring to the idea that the budget will balance itself!
So, what exactly was in the budget that should concern the economically astute and liberty lovers? Well, here is a brief list:
– Canada will now impose a GST requirement on Uber.
– Sin taxes will go up – you’ll be paying more for alcohol and cigarettes.
– The government will spend $9.6 million over five years, and an additional $1 million every year moving forward, on surveillance of the marijuana industry.
– A federal budget deficit of $28.5 billion (Ottawa is poised run deficits indefinitely to 2050).
– Liberals revealed that a review found that it can close loopholes and eliminate tax credits.
Chart of the Day: if you want to gain brief insight into the Dow Jones’s tumultuous 120-year history then be sure to take a look at this chart courtesy of Virtue of Selfish Investing:
Illustration of the Day: one of the common characteristics of social justice, socialism and liberalism is the idea that if everyone can’t be rich then everyone must be equally miserable. You see this every day in the media. In Toronto, for instance, one school had the idea of serving hot food for lunch at a cost, but half of the school was upset because it may create a divide, a class system. Poppycock! (Illustration courtesy of Liberal Logic 101.)
Quote of the Day: writing in an op-ed in the USA Today last week, former Texas Republican Congressman and three-time presidential candidate Ron Paul celebrated whistle-blowers, calling them heroic and patriotic. Here are some excerpts from the well-written piece:
Revelations last week that our televisions may actually be watching us? Has the CIA been reading George Orwell’s 1984 as an instruction manual?
If we are to be a free society, we must demand the right to know about government malfeasance. We must reject the anti-American notion that the government has the right to know everything about us, but that we have no right to know anything about the government. We cannot entrust our life, liberty and happiness to an unelected shadow government that operates in secret and is accountable to no one.
History teaches of the horrors that result when a people are willing to sacrifice their liberty for the false promises of government-provided security. Totalitarianisms of the left and right have thrived in such an environment.
Whistle-blowers are the truth-seekers, and we must demand the truth. Who does not want to know the truth? Sadly, in an empire of lies, the truth has become treason.
Tweet of the Day: in the United States, Russia is the go-to culprit for all of society’s ailments. In the United Kingdom, it is Brexit.
The British left is blaming Brexit for absolutely everything. Although everyone should champion the decentralization of government and to combat the notion of nation-states, the left, particularly young people, are infatuated with government and detest sovereignty. Therefore, whenever something bad happens, like the terrorist attacks in London this week, they blame it on Brexit.
Here is a tweet that pokes fun at this very idea:
Brexit has caused:
✅Global Warming
✅Racism
✅Xenophobia
✅Islamic Terrorism
✅Earthquakes
✅Floods
✅Pestilence
pic.twitter.com/hRWkciJOMt— BanTheBBC (@BanTheBBC) March 23, 2017
Video of the Day: as Washington holds hearings on Judge Neil Gorsuch’s confirmation, politicians are debating on how to interpret and view the United States Constitution. Of course, politicians just pay lip service to one of the greatest documents man has ever produced during the political theater process. So how should you interpret the constitution? This brief interview between Tom Woods and Prof. Brion McClanahan explains how.
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