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Ontarians Urged To "Voluntarily" Pay More Taxes To Cut Province's Debt
Christmas is a time for giving and that is what Ontario Premier Kathleen Wynne is asking of her citizenry. With almost $300 billion in debt, and almost 1 in 10 dollars of revenue going to pay interest, and already facing the highest tax rates in North America, The Star reports that Ontario officials are asking that 'patriots' voluntarily donate their tax refund or write a cheque to defray the province's massive debtload.
As The Toronto Sun reports, Canada’s largest province has asked its taxpayers to donate their hard-earned money to the cause of bailing out the much indebted provincial government.
For a mere $21,000 for every man, woman and child in the province, Ontario could be debt free.
No, this is not some kind of holiday joke about the Grinch who stole Christmas.
On top of paying among the highest taxes in North America, and coping with skyrocketing hydro prices — hikes directly caused by the decisions made by this Liberal administration and the previous one — the Wynne government wants more.
Treasury Board Chair Deb Matthews made the bold request last week, and specifically asked folks to donate their tax return rebate to help pay off the provincial debt.
“It’s an unusual thing for someone to do, but I would encourage any Ontarian who wants to make a contribution to feel free to do so,” said Matthews.
A government asking for donations isn’t just unusual. It’s like a stranger taking your car and then coming back the next day to ask if you’ll chip in some money for the gas. Maybe you can pay for an oil change, too?
But the Wynne government is desperate for cash.
For the past decade, they’ve spent and borrowed like there’s no tomorrow and wasted public funds with little concern for taxpayers.
Thanks to all the government’s reckless spending, including a pile of billion-dollar scandals that have led to criminal charges, Ontario’s government is dealing with spiralling debt.
Nearly one in every ten dollars spent by the Ontario government goes towards paying interest on the provincial debt.
Ontario’s provincial government owes approximately $300 billion. That is $300,000,000,000 — with 11 zeros.
And so the government constantly looks for ways to get its hands on more cash.
Perhaps most surprisingly, the government’s plea for donations has not gone unanswered.
Ontario collected $135,289 in voluntary tax return donations last year. Around 36,000 people chose to donate an average of $3.75 to this bizarre cause.
At that rate, the government only needs another 80 billion donors and Ontario’s debt will be paid off.
Of course, there are only about 14 million people in Ontario, and we imagine most taxpayers would rather lose their wallets than enable this government with more resources.
As The Toronto Sun concludes, rather "cynically" and "unpatriotically":
Tell the government to cut wasteful spending, and save your donations for those truly in need.
One wodners how long before non-volunteer-donators will be labelled enemies of the state?
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F**k that, throw the bitch out!
At what point does .gov ever think they are too top heavy? At what point will they cut pensions etal?
When they are loking up at their bodies from a basket
I am honored to help !
Have the Canadian Central Bank deposit 1trillion CAD to my bank accounts and I will gladly pay ALL of Ontario's expenses this year.
No problem :-)
STOP pretending Hedgers! You're all big softies at heart. I expect our Canadian colleagues to turn over a % of their Stacks for this just & worthy cause. Any need for a sarc here? Thought not.
They need to cut the fat salaries and fat pensions before going to the private sector with low salaries and no pensions!!!!
The problem with people is they become who they hang out with and adopt their ideas.
Hence .gov
Tell her to donate some organs, like both her kidneys.
Maybe taking away her per diem for lunch would be enough to balance the budget.
Call Yellen she'll bail you out.
This Ontario government is one of the most criminal governments in the history of Canada. If they truly had one honest bone in their body they would simply admit their monumental incompetence, and call an election , immediately. Since pigs don't fly, I would recommend they fire half their civil service, which would be a thousand times more effective than begging their citizens to save their sorry asses !!!!!
I'm not sure the morons who live in this province wouldn't vote them back in. I don't know why they love the Liberals so much in this province. Maybe it's something in the water?
When all the gov workers give up their pensions and it's still not enough, then I could see having the balls to ask the question but not til then
Whao Nellie - this Wynne is a Janet Reno commando bull dyke. The snapper in the ZH pic is a lipstick lesbarn in comparison.
Donate 30k and they'll send you a Hillary's Slave - a double dildo made of reclaimed hard wood and lovingly crafted by 4th generation Innuit alcoholics.
Watch out for splinters...
And she will ask the Bankers and other filthy rich Corporations to do the same tomorrow, right!
And fully another 10% of the budget pie goes to just 28,000 doctors...Socialized medicine bitches, tied with North Korea as the only states who criminalize private medical care.
Fuck it let it catch fire already, then it can burn.
Mashmellons anyone?
burn baby burn
https://www.youtube.com/watch?v=A_sY2rjxq6M
lol
Give me a percentage of all poutine sales.
You are a tax collector. Extortionist. Protection Racketeer.
Don't worry.
I'll be offshore where the gov't can't touch the money.
That'll happen.
Just as there are immutable laws of physics, like gravity, the speed of light etc,
There are laws of government:
1. It always gets bigger/more bureaucratic.
2. It is always non productive.
3. It always wants more power.
4. It always needs more money. THERE IS NEVER ENOUGH MONEY!
Yep. It's like feeding pigeons. You feed the pigeons and you get more pigeons, who also beg for food. You feed them and get even more. And so on, forever.
Never feed pigeons, politicians, niggers/spics/wogs, etc...
Damn...that sounds like at least one of my ex-wives...
The definition of government is the same as cancer.
were really sorry we blew $300B can we have more,
Really, donate to the government?
For once in my life I'm actually speechless.
Stop playing. Stop paying. Its the only rational solution.
I'm a Canadian... LOL
I'm an American... LOL
I'm an Ontarian....LMFAO
I'm Albertan and I ain't laughing.
Sask here. We're the only ones that haven't fucked everything away, at least so far.
Yes, Alberta was the place that almost got it right under Peter Lougheed. Too bad subsequent governments blew it.
im a Martian...LOL...and Im laughing because I know you fuckers will never make it here to my red planet. Hell, you might want to try landing on the moon (for real) first...
Lower the tax on beer, you hosers!
You don't spell that Josers?
At least from 90% to 80%. I'm sick of paying $39 for 18 PBR's
If you want less of something tax it.
A hockey puck tax, a tax on glaciers, a tax on those cold-weather reality shows.
TAX CELINE DION.
Do I need to do all the thinking?
Speaking as a Canadian, this is nothing new. I do my own taxes, and at the bottom of the last page of the tax forms is a line that states if you would like to donate your tax refund (if you get one), to help reduce the countries debt. This has been on the form since forever. Not sure why all of a sudden it's being raised as something "new".
Because a politician is dumb enough to actually come out and ask for it and have their name attached to the request.
Political suicide!
You would think so, but watch her win the next election in a landslide.
Stranger things have and will certainly happen.
So all the Canucks come out of the woodwork on this one. Jesus..for all you 'muricans, just so you know, Ontario is like a state, and it's just north of NY state. It is where Drake, the Toronto Blue Jays and the Toronto Raptors come from. Ryan Gosling, Rachel McAdam, Jim Carrey and James Cameron (to name a few) come from here. And Dan Ackroyd.
You left off Neil Young, Wayne Gretzky, Shania Twain, Mike Myers, Lorne Michaels.... What does my list and yours have in common? They all got the hell out and never came back!!
A tax on Anne of Green Gables.
Tax that one note solo from "Cinnamon Girl." (correction: that should be outlawed.)
These union-centric liberal pricks have all but hollowed out all manufacturing in Ontario & have saddled the tax payers with what looks to be the highest cost of energy & electricity on the planet! Ontario is now a mere shadow of its once vibrant & productive & wealthy past! The socialist paracites moved in long ago & spent all that had been gained & have now have borrowed deep into the future! This sad saga won't be over until S&P drops its credit rating to below single 'A' while unemployment rises well into double digits!
Note the "pleading look" she has adapted for the camera.
No, she looks like a sad-sack (of shit) 24/7
Haha so glad I left that shithole 20 years ago. Dual citizenship has it's privileges.
These liberal numbsculls have embraced alternative enviro-energy schemes & have destroyed huge swaths of wonderful agricultual land & communities with their retarted ineffective & inefficient windmill mill monstrocities that has raised the cost of electricity beyond the cost of affordability! Beyond stooooooopidity!
Yes on my drive to the shooting range I see a new mill going up every time I go.
We have been getting robbed on our electric bills for years and ng as well. So much so that they started a rich people pay more to cover the poor that can't afford it any more.
All politicians and moneychanger need to hang by the neck from electric polls till dead.
1776 redo,
Maybe the Federal .gov can sell some gold and send the proceeds to the Ontario .gov... Oh wait, they long ago sold their gold. Brian Mulroney.
How much has Kathleen Wynne donated?
These idiots are now enacting a mandatory 4% of all salaries Provincial Pension Fund which of course they will 'manage' & which struggling businesses will fund! That brainwave move should add at least 4% to the unemployment rolls before long! Chrysler immediately pulled out of a multi-billion dollar investment program in Windsor & relocated to a friendlier tax jurisdiction on that progessive news! Next on the fiscal agenda ... aggressive & dibilitating planet saving carbon taxes! Well done lezbo princess!
Because Ontario's governments have been such good steward of the money they steal from us every year.
Burn in hell Kathleen Wynne. You and every other fucktard bastard walking the halls of the Queen's Park. For that matter, may the queen, and her whole inbred family burn in hell too!
Will this drive yield more than the Indian call to turn in their gold or the US gun-grabbers call to turn in the guns?
I have some complicated, technical questions that needs the expertise that can only be found on places like ZH: What happens to a country's Single-Payer healthcare system when the gov't goes broke? Does the amount of the all-important Social Justice in society go down, and if so does debt go from being necessary for Social Justice to being a threat to Social Justice?
Much thanks in advance!
-ZIRPY
The US dollar-fiat gambit will fail only when the US military suffers a decisive defeat OR when its budget gets cut by >50%. I believe that the US military is what is, in fact, supporting the dollar. It's why the Wahabis continue to denominate oil in dollars.
I can help! It means you'll be able to pay your Dr. in chickens again.
The Canadian Finance Minister released a report years ago, it stated the Canadian Fed debt in 1993 consisted 87% of compounded interest alone.
With these figures the big question remains. How much longer can this Fiat Con go on?
Wow, that much have cost bazillions of bazillions.
FUCKING IDIOT!!!!
Canada is ruled by 50 or so elite families. They deserve what they get.
Those 50 families own the banks that underwrite the bonds that the feds and the provinces sell. They LOVE all this progressive shit because th make buckets of money. War or financed progrssivism, they will take either.
Squid
Remember everyone Harper passsed Bail ins in Canada.
He stated that to have a strong economy the banksing system must be protected at all costs.
pages 143 145 of the Economic Action Plan 2013 - Budget Information If I remember correctly
Wow - did you read the story you fucking idiot? 300B of debt spread amongst 14M people.
Hear that flushing sound?? LMFAO!!!! BIG FAT FUCKING TOXIC GUMMAMINT DESTROYING SOCIETY!!!
Have fun asshole!!!
Your communcication skills are over the top.
Eat shit and die you fucking communist reprobate!
MOAR SOCIALIST UTOPIA!!!
LMFAO!!!
This story is just the best. PAY MOAR AND MOAR AND MOAR!!!!
ROTFLMFAO!!!!!!
Anyone notice that Zero hedge is the only one publishing this story. I have not found a Canadian news service running the story, as yet. That's a little strange, perhaps they are all just too embarrassed
They are too busy asking people to house the refugees the federal liberals invited to come to Canada to spice things up
There is a link within the article The Star reports
The Canadian media has their heads tuck up the Liberal's arses so far, they cannot see what's going on.
Sooner or later all governments become fiscally conservative
Welcome to later Ontar-i-owe
I'm going to donate 2 cents on my tax return. Since we've stopped using cents and now round to the nearest nickel I'll see which way they go with it.
All politicians, lobbyists, bankers, corporations, crazy billionaires and other crooks will be required to pay back all money, purposely, stolen from taxpayers or face the hangman.
Then I'll consider a donation.
To show just absolutely freaked out people are that interest rates may rise, while yields are historically low, you want to check yields on provincial bonds. Not coupon. Yields. Poloz was parlaying negative rates.
What that means overall is that the government can refinance at lower rates and is called a liquidity trap.
Just why politicians are trying to engender fear over this very issue is an open question. Even savvy people with a clue about economics will not have bothered in the least to look up bond market rates.
Perhaps this latest story is just media grandstanding because conservatives believe they have such an obvious target? Conservatives, who are way hire savvy than you could even fathom on economics, CAN NOW OFFER THEIR TAX RETURN INSTEAD OF BITCHING.
http://www.globeinvestor.com/servlet/Page/document/v5/data/bonds?type=prov
Ontarions ? Not sure if that is a word. From a fellow canuck. Instead of "voluntarily paying more taxes" to that witch of a premier that you have. Why don't you voluntarily buy some precious metal and keep them at home. Nobody has to know. You would even be better off by voluntarily taking cash from your accounts and storing that at home. But silver and gold would be better. Short term even American money would be better. But giving that bitch Wynn one dollar of that currency that you spend your life working for so that she can pour it down her progressive rabbit hole is a fools errand.
A woman that spends too much money, then asks for more. I don't believe it.
Next, SUGGESTED DONATION : 10 000
Why not ask the bailed out banks for a nice hefty contribution?
Suggest before writing the check you ask for a list of beneficiaries and high salaried officialdom, as well as elected representatives expenses and remunerations....... and where ALL THE MONEY WENT....
Perhaps Kathleen Wynne can share her tax returns and show everyone how much she donated herself?
That's all true but difficult to listen to Americans, Japs, or anyone from EU who are gloating on this story... you are in far worse shape.
Value of yen, euro, US dollar... nothing really. ponzi money.
Canada is just a vassal of USA... sooner we break ties with USA the better, no US dollar trade, none of the US banking bullshit, sign a defence deal with BRICS, buy Russian planes, and trade with like minded FREE peoples of the world. Yes Russians and Chinese are actually capitalists... unlike USA and Japan and EU who use central banks to distort any form of capitalism.
build all the fences you want, it will keep the undesirables out... then Americans will be stuck with themselves. Even the mexicans are tired of the BS and are going home.
Canadians are just white mexicans...
Good time to issue Canadian money as per the law... the Gov can print for itself. Pay off all debts, then be debt free.... then no borrowing from the likes of Goldman... no need for money markets...
Then other states will do the same... bye bye to the tribe
I have the answer! Get rid of that bulldyke and put JIM LAHEY in charge!
https://www.youtube.com/watch?v=GoMFJIOLkKA
A sure fire policy with a long history of working.
Smarter policies for a stronger Canada.
Also, enjoying the Premier's "head tilt of compassion". A sure sign that another Leftist is feeling good about themselves.
Like any junkie they start with polite begging. When that fails to meet their needs they'll resort to harsher methods of getting their fix.
Only a dyke socialist would NOT understand who stupid she sounds.
"We blew through 300 billion and we can fix it if you give un antoher 300 billion, honest. It will be different this time".
Yah, ok.
Squid
"Only a dyke socialist"
Shrillary?
We already have voluntary taxation in Ontar-i-owe, it is called the Ontario Lottery and Gaming Corporation, along with the Liquor Control Board of Ontario. A fine resting spot for political bag men who have served the government.
Those plebes who want to pay more can just drink and gamble more.
Like donating booze to an alcoholic.
Like donating children to a pedophile.
Like donating crack to a crack whore...
I'll kick in my return IF she pays her entire salary and her pension...along with her Minister's salaries and pensions...for their entire political careers...COMBINED...and anyone else involved in this mess that supported the McGuinty/Wynne Liberals or had a hand in the gas plant scandal. Otherwise, she should just stfu
It's nice to see her lead the way by returning 21,000 of her salary to the Canadian treasury.
oh wait...
Message to this and other politicians: Spend less, jerks. Lower your own salaries and benefits. Donate your pensions to debt service.
What? Not willing to practice what you preach?
Maximum income tax (Canada plus Ontario) is 42%. That does not sound like a lot. Whats everyone else paying?
A prime opportunity for Ontario to make an offer.. You help us out with your tax return, and we suspend property tax, and car tab fees... and pass out free fishing and hunting licenses to donaters....
Wynne can respectfully lick the shit off my asshole. I fucking hate these corrupt Liberals who just waste the tax money.