Posted March 1, 2010
Budget proposals – pay special attention to number 10, 15 and 18.
1. Restrict offshore investment of Canadian RRSP investments in mutual funds to 0%. Canadian savings should be invested in Canada to provide Canadian jobs, not foreign growth.
2. Current RRSP savings held by private individuals should yield a minimum of 5% per annum for the next two years. Unemployed Canadians should be able to withdraw these funds tax free with no impact on EI benefits.
3. Reduce federal government jobs by 15%. People hired through nepotism, corruption, appointments and all the other dirty reasons should be subjected to the same humiliation as all other Canadians.
4. Capital Gains tax should be 0% for individual families earning less than $200,000.00 per annum.
5. Freeze insurance premium increases for homes and vehicles, and call for a 10% reduction in premiums. Insurance company premiums have escalated in the face of deflation.
6. Freeze gasoline prices at 90 cents per litre for the next 18 months. Oil companies have demonstrated they have no sympathy for the ordinary taxpayer. Gasoline prices impact trucking, aviation, automotive sales, manufacturing and retail product pricing. It is a major cost component in everything we buy and do.
7. Banks should be limited to a 10% return on invested capital. They have no business gouging Canadians nor do executives have the right to extract billions in bonuses. There is no genius at any bank that deserves this type of remuneration.
8. Abandon bilingualism and multi-cultural initiatives. It is needless and costly. This has become a window of opportunity for Franco-phones and individuals who can afford to have their children attend private French immersion schools or very limited publicly funded French immersion schools. This leads to quiet racism in the hiring process - non-French speaking Canadians are getting “screwed”. We have too many Quebecers in Federal and Provincial government jobs. Stop this RACISM. Bilingualism should never be a reason to deny someone a job in Canada.
9. Pay a spouse/partner to stay at home until their children can attend primary school. This creates job opportunities for the larger population and minimizes future social costs (teen crime, school drop-out, drugs, WWW addiction, STD’s). We would save money throughout the entire penal and rehabilitation system. This would manage the day-care issue as well.
10. Legalize marijuana and prostitution. This would reduce policing costs, prison costs, reform costs, court costs etc etc..... It is time Canada became a leader in this matter. Both generate billions for the underground economy. You can refer the matter to MP Guergis and her husband.
11. Gaming Act - Lottery prizes should be limited to one million dollars - more Canadians should share the jackpot. A $50 million jackpot would mean that 50 Canadians would win and not one or two individuals. Gambling is a known vice, addiction and is destroying families.
12. Canadian troops should go back to their primary historic role – peacekeepers. Stop spending money on war activity.
13. Healthcare taxation and collection should be a Federal mandate. Canadians do not require ten provincial and three territorial authorities to administer healthcare. This would also provide a national centralized database and prevent Premier’s from squandering billions.
14. Restrict dental tariff increases for the nest two years and decrease them by 15% this year. This represents a major cost to employers and non-insured individuals. In the same vein add vital cancer treatments that are currently out of reach for many Canadians. Government and large public company employees should not be the only recipients of vital healthcare, especially when Canadians donate billions to fight cancer.
15. Charities should be taxed 25% on all donations – prior to expenses. This will stem the abuse and corruption. The Federal government would in turn fund UN and foreign relief efforts with this special tax.
16. All religious organizations should pay an annual “stipend” of $1,000.00 to fund welfare and homelessness issues.
17. All Federal, Provincial, City and Foreign government employees should have no tax-exempt remuneration.
18. Billions of dollars are sitting in off-shore accounts. Example - The automotive industry and the Wheaton family, via First Canadian, have helped automotive dealers amass billions off-shore. In some cases this money never makes it back to Canada for taxation. This money should be taxed prior to going off-shore. This, I presume, is a major problem in many sectors of the economy.
19. All federally owned real estate and assets available for sale should be publicly posted – website and newspapers. I am confident the public is losing a brick for every block sold.
Thank you,
Joseph Pede
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