Lockdowns and Wealth Transfer Are Why Your Taxes Are Going Up - Canada Faces DISASTER

Lockdowns and Wealth Transfer Are Why Your Taxes Are Going Up - Canada Faces DISASTERShow more

Jan. 13, 2024

THE PLANDEMIC - FOLLOW THE MONEY

Redacted with Clayton Morris

Toronto Mayor Olivia Chow has proposed an historic 10.5% increase on property taxes in Toronto to fix the city’s deficit.

The Mayor also said that if the federal government doesn’t come up with more money for refugee support, she will add another 6% to property taxes on top of that 10.5% hike.

While many Canadians struggled and saw their financial health deteriorate during the plandemic, the rich got richer.

The richest one per cent grabbed nearly two-thirds of all new wealth created since 2020, worth $42 trillion, almost twice as much money as the bottom 99 per cent of the world’s population, according to a new Oxfam report.

In Canada, billionaires have seen their wealth grow by a staggering 51 per cent since the plandemic began. This accelerated a trend that was already driving wealth inequality in Canada over the past decade. For every $100 of wealth created in the last 10 years, $34 has gone to the richest 1 per cent and only $5 to the bottom 50 per cent. This means that the richest 1 per cent have gained nearly seven times more wealth than the bottom 50 per cent in the last 10 years.

“Canadians are making daily sacrifices on essentials like food and utility bills, while the super-rich have outdone even their wildest dreams. Just two years in, this decade is shaping up to be the best yet for billionaires,” said Lauren Ravon, Executive Director of Oxfam Canada.

“Taxing the super-rich and big corporations is the door out of today’s overlapping crises. It’s time we demolish the convenient myth that tax cuts for the richest result in their wealth somehow ‘trickling down’ to everyone else. Forty years of tax cuts for the super-rich have shown that a rising tide doesn’t lift all ships — just the superyachts.”

Billionaires have seen extraordinary increases in their wealth. During the plandemic and cost-of-living crisis years since 2020, $26 trillion (63 per cent) of all new wealth was captured by the richest one per cent, while $16 trillion (37 per cent) went to the rest of the world put together. A billionaire gained roughly $1.7 million for every $1 of new global wealth earned by a person in the bottom 90 per cent. Billionaire fortunes have increased by $2.7 billion a day. This comes on top of a decade of historic gains — the number and wealth of billionaires having doubled over the last ten years.

Billionaire wealth surged in 2022 with rapidly rising food and energy profits. The Oxfam report shows that 95 food and energy corporations have more than doubled their profits in 2022. They made $306 billion in windfall profits, and paid out $257 billion (84 per cent) of that to rich shareholders.

Officials say that they've warned the city that immigration will increase costs for residents but politicians didn't listen.

https://www.oxfam.ca/news/richest-1-bag-nearly-twice-as-much-wealth-as-the-rest-of-the-world-put-together-over-the-past-two-years

Original: https://youtu.be/e_R-KDPRL1E

REDACTED MERCH

Go grab some Redacted Merch from our store. Go to https://RedactedStore.com and pick some up. When you get it, send photos of you wearing it to photos@redacted.inc. Can't wait to see you in it!

#Profits #Resources #LandStealing #GreatReset #Censorship #Authoritarianism #Corporatism #Fascism #Plandemic #DollarCollapse #WealthTransfer

=

It's more important than ever to have a home away from these big tech oligarchs. That's why we built https://redacted.inc Please come on over and sign up for FREE, so we always have a way to stay in touch.

moomoo Open and Deposit to get up to 11 FREE stocks valued up to $25,000 + a free share of Lucid: https://redacted.inc/moomoo

Sign up for our Free DAILY newsletter delivered right to your inbox first thing in the morning. https://morninginvest.com

Join our FREE Financial Freedom 90 Day Bootcamp. Totally Free. Download it here: https://morninginvest.com/Bootcamp

Become a Redacted Channel Member right here: https://www.youtube.com/@RedactedNews

About Clayton and Natali Morris:

Clayton Morris is a former Fox News anchor. In Redacted, Clayton and his wife Natali take an in-depth look at the legal, social, financial, and personal issues that matter to you. They want to set the record straight and bring you the stories nobody else is telling. Along with the facts and the full picture, Redacted offers real-world analysis without an agency driven by corporate overloads. With Clayton's extensive journalism experience, he isn't afraid to demand the truth from authorities. Redacted is an independent platform, unencumbered by external factors or restrictive policies, on which Clayton and Natali Morris bring you quality information, balanced reporting, constructive debate, and thoughtful narratives.

DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.