Post #1880383
2026-04-06 03:08 UTC
@RantingCanuck
I did not study economics so the following might be nonsensical thinking....
I'm just thinking out loud here....tossing out thoughts
In the past, the one thing that motivated governments to tax the rich was when there was what's called a mass mobilization, as examples, before the last 2 world wars when countries introduced forced conscription and had to pay the military.
Trump has the world arming up and preparing for another world war.
The US is going to have to pay for the illegal Iranian attack entirely on their own., no one is helping
Trump is planning to increase the military budget at the expense of the poorest Americans, chopping medicare,, daycare, education etc....
How long until there is nothing to take from poor Americans?
Where will he turn to next to fund his warmongering?
Shifting to Canada :
Carney is dedicating increased funds to add and upgrade our military "hardware".
He wants to expand our armed forces personnel.
He is ignoring social programs/portfolios that desperately need additional finances.
We have a small population, so where will he have to go to raise the money to reach his goal?
Will both leaders be forced to require the wealthiest to pay up?
Replies (1)
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@RantingCanuck@mstdn.ca 2026-04-06 03:18
@SnowyCA I'm also not a trained economist, more of an avid reader armchair type It doesn't sound to me like nonsense and if Carney practised Keynesian economics (as most governments did in the era after WW2) I would expect it to be an accurate prediction; however Carney is a neoliberal economist and my expectation is that he'll continue to cut taxes on the wealthiest in a bid to spur economic development (neoliberal economics 101) to fund the war machine while borrowing in the interim and put us at risk of a Greece style economic meltdown.