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The cost of maintaining Trudeau's proposed 100,000 new hires is significant. As of 2023, Canada’s federal public service employs nearly 360,000 individuals. Over the next 20 years, sustaining this workforce will cost taxpayers close to $1 trillion. This immense figure emphasizes the unsustainable nature of the federal bureaucracy and highlights the pressing need for reform.

A Canadian looking to buy a condo with a 20% down payment and a favorable mortgage rate would face monthly costs of about $42,000. In contrast, the monthly rent for their official residence is $3,600. This indicates a significant subsidy, amounting to tens of thousands of dollars, received each month for their housing.

Americans spend over $546 billion annually on IRS compliance, which is significantly more than the Department of Defense's budget. This cost arises from the 7.9 billion hours spent navigating a complex tax code, equivalent to nearly 4 million full-time workers. Additionally, households spend about $1,000 each on tax software. The actual taxes collected, totaling $4.9 trillion, lead to an estimated $15 trillion in lost economic output due to disincentives for production. This situation highlights the burdens imposed by the IRS, overshadowing spending on housing and food. While there are potential reforms on the horizon, significant resistance from special interests and bureaucrats remains.

Canada is facing economic challenges, with stagnant wages, soaring inflation, and high house prices. The Fraser Institute survey highlights 24 ways Canadians are struggling, including stagnant wages, with the average Canadian earning $18,000 less than an American. The OECD predicts Canada will be the worst performing advanced economy until 2060. Business investment has declined since Justin Trudeau came to power in 2014, while government spending and debt have doubled. Government workers are growing at a faster rate than the private sector, with Canadian taxpayers paying the salaries of 4.1 million government employees. Government-run healthcare has also collapsed, with long wait times for treatment. Canadians are increasingly dissatisfied with the size of government and high taxes, blaming Trudeau. There is hope for change in the upcoming federal election, but unions pose a challenge. Dark days are ahead for Canadians and potentially Americans as well.

Illegal aliens in the U.S. contributed approximately $31 billion in taxes while costing taxpayers around $182 billion in total expenditures. Specifically, they paid $16 billion in federal income tax but received $66 billion in federal benefits, resulting in a net loss of $50 billion. At the state and local level, they contributed $15 billion but incurred costs of $115 billion. Overall, in 2023, illegal aliens resulted in a net cost of about $150.7 billion to the country.

According to a new report by the US House Committee on Homeland Security majority, the annual cost for housing and caring for asylum seekers is estimated to be $451 billion. This includes expenses for both their accommodation and general welfare.

Milton Friedman once noted that government management often leads to shortages. This applies to the U.S. Postal Service, which was promised a $107 billion bailout in 2020 to achieve financial stability by 2031. However, losses have increased, with $6.5 billion lost in 2023 and projected losses of $9.5 billion in 2024. Instead of cutting costs like a private business would, the USPS has converted over 190,000 workers into higher-paid career roles, worsening its financial situation. Despite spending billions on electric vehicles and facility upgrades, service has declined. Congress has provided $120 billion in funding over four years, but with national debt exceeding $36 trillion, it's time for meaningful reform at the Postal Service.

To control pension costs, we need to limit the growth of our retirement income system. The government has already taken steps to reduce healthcare spending, and now we must do the same for pensions. Stephen Harper's government raised the retirement age from 65 to 67 without prior campaign promises, cutting benefits for seniors. The conservatives are likely to do the same in the future.

Justin Trudeau has significantly increased Canada's federal workforce to create an illusion of job growth amid economic challenges. This public sector hiring, which has added about 100,000 federal employees since he took office, allows the government to showcase employment gains. However, it imposes a substantial long-term financial burden on taxpayers, costing approximately $8.2 billion annually at an average salary of $82,000 per employee. This approach raises concerns about the sustainability of such growth and its impact on the economy.

As a board member at America's Best 401ks, I've found that many people are unaware of the fees they pay. The industry didn't disclose fees until recently, with most people not realizing they're paying 3.1% on average. Fees matter - a 1% fee can cost 10 years of retirement income. For example, a 35-year-old with $100,000 invested for 30 years at 1% fees would have $761,000, compared to $432,000 with 3% fees. Lower fees mean 76% more money or 19 years more income.

Illegal immigrants cost taxpayers roughly $9,000 each, more than what we spend on Medicaid beneficiaries, vulnerable American citizens' healthcare, and military retirement benefits for veterans. This highlights the significant and unsustainable cost of the current border crisis, especially at the state and local levels. Translation: The cost of illegal immigrants to taxpayers is high, exceeding spending on healthcare for Americans and military benefits for veterans. This emphasizes the significant and unsustainable expense of the current border crisis, particularly at state and local levels.

Canada's tax system heavily burdens the average worker, with $22,376 taken annually from a $55,000 income through various taxes, including income tax, employment insurance, and property taxes. This leaves only $32,624, which is further diminished by a 13% sales tax, reducing purchasing power to $28,380. Essentially, workers spend half the year working for the government. In return, they face a government that has restricted freedoms, imposed health mandates, and overseen a failing healthcare system, rising crime rates, and homelessness. There are concerns about legislation targeting free speech and plans to eliminate private car ownership by 2030. The current governance is seen as a threat to the freedoms fought for by previous generations.

The ID card scheme is estimated to cost between 5.4 billion and 3 million in advance. Many people believe that this money could be put to better use.

Illegal immigration is costing American taxpayers $9,000 per immigrant, more than what is spent on Medicaid for vulnerable citizens. This fiscal irresponsibility needs to be addressed to prevent bankruptcy. State and local governments bear the brunt of the financial burden, leading to cuts in services or increased taxes for citizens.

Canada's federal bureaucracy is nearly twice the size of the US when adjusted for population. If Canada had a population of 345 million, it would employ about 3.1 million bureaucrats, compared to 1.8 million in the US. Notably, Canada has more federal government employees but significantly fewer military personnel. While the US focuses on defense and national security, Canada has shifted resources toward a growing administrative state, resulting in a large number of bureaucrats who are not contributing to economic productivity.

According to a report by the US House Committee on Homeland Security Majority, the annual cost for housing and caring for asylum seekers is $451 billion. This includes both their accommodation and general welfare.

This system is flawed, especially for retirees relying on $2,000 to $3,000 monthly. With $35 trillion in debt and $2 trillion in taxpayer credit card debt, we face a crisis. Social Security, initially a 2% tax, now takes 12.4% of income, with projections suggesting it could rise to 17.5%. The funds have been spent immediately, leaving future generations in jeopardy. Lower-income workers, particularly African Americans, often receive little in return despite years of contributions. A solution involves shifting to a universal benefit system, reducing benefits for higher earners while increasing them for lower-income individuals. Additionally, workers should have options for investments that yield returns. Young people question why they can't manage their own retirement savings instead of relying on Social Security, highlighting the need for diverse savings options.

A board member from America's Best 401(k) highlights opaque, hidden fees in 401(k) plans. He notes it's a $4.4 trillion industry and claims "for thirty years, they didn't get to tell you what they were charging you," and that the Department of Labor only recently required disclosure. The new 35–50 page disclosures are hard to understand, even for finance PhDs. He cites that 58% of people think there are no fees. He warns that a 1% annual fee, due to compounding, can cost a large portion of retirement income, while many people believe fees are under 1% or zero, yet are paying around 3.1%. He gives a simple example: with a $100,000 investment over 30 years, paying 1% yields about $761,000 versus $432,000 with 3% fees; this implies 76% more money with lower fees and 19 years more income with higher fees.

We're allocating half a billion dollars annually, totaling $14.5 billion over time, to organizations like the Corporation for Public Broadcasting, NPR, and NPS, essentially funding opinion journalism with taxpayer money. NPR, for instance, recently acquired a $200 million office space and pays its hosts and chief diversity officer exorbitant salaries using taxpayer funds. Despite this financial support, their viewership is declining. Therefore, I've introduced legislation to defund these entities. With a staggering $36 trillion national debt, it's unacceptable for taxpayers to fund what I consider to be biased journalism, regardless of its political leaning. These entities have the right to exist, but not with taxpayer money.

More than 25% of the annual federal deficit is spent taking care of illegal immigrants. In 2023, the total outlay was $6.1 trillion, the total revenue was $4.4 trillion, and the federal deficit was $1.7 trillion. In 2023, $451 billion was spent taking care of illegal immigrants, which is 26.5% of the $1.7 trillion deficit. If the border was secure and there was control over who enters the country, 26.5% could be cut from the deficit. This is especially important because the money is borrowed, meaning interest will be paid on it. In 2023, $451 billion was borrowed to support illegals, and interest will be paid on that amount.

Since 2012, the government has wasted nearly $3 trillion in taxpayer money. Last year alone, improper payments totaled $247 billion. This includes payments to deceased individuals; over $530 million in pension payments went to dead people. Medicare improperly paid out $47 billion, and Medicaid, $81 billion. Fraudulent payments under the Biden administration reached $764 billion in just three years. These improper payments add up to $2.8 trillion – enough to cover five years of US foreign aid. This amounts to $850 per person in the country.

The speaker explains Social Security in terms of deductions, retirement timing, and the perceived value of benefits. They state that about $25,000 is taken from each paycheck annually as a non-optional contribution for retirement. This deduction continues for roughly fifty-two years, assuming continued employment. By the time a person reaches retirement age, which the speaker notes “keeps getting pushed back,” the total contributions appear to amount to about $1,300,000 of the individual’s own money. The speaker then describes the retirement period, using an example where retirement occurs at age 65. They claim that after contributing more than a million dollars over a working lifetime, the retiree is given about $1,600 each month in Social Security benefits, which the speaker converts to roughly $19,000 per year. They extend the scenario to cover fifteen more years of life, around age 80, stating that during that entire span Social Security would have paid back roughly $288,000 of the $1,300,000 that was taken. From these numbers, the essential question the speaker raises is: where did the other million dollars go? They argue that the family does not receive it, it is not passed down, and it does not return to the retiree in any other form. Instead, the speaker asserts that the money “disappears into the system.” The claimed mechanism is that Social Security finances are “spread the taking across a lifetime so you never feel robbed,” while the benefits received are labeled as a “benefit,” or a favor, rather than a direct repayment of the contributions. The speaker emphasizes that, per person, the missing money accumulates quickly, and once the math is examined instead of the promise, it becomes difficult to view the program as primarily about helping someone retire. The presentation concludes with a caveat that this is a theory, not a fact, signaling that the statements are presented as a perspective rather than an established truth. Key figures highlighted include: $25,000 annual payroll deduction; approximately $1,300,000 contributed over about 52 years; retirement benefits of about $1,600 per month ($19,000 per year); total benefits over 15 additional years totaling around $288,000; and the assertion that roughly $1,000,000 of the contributed funds do not get returned to the individual or their family. The overarching claim is that the apparent discrepancy between contributions and received benefits calls into question the nature of Social Security as a retirement program, described here as a theory rather than a fact.

According to a new report by the US House Committee on Homeland Security majority, the annual cost for housing and caring for asylum seekers is estimated to be $451 billion. This includes expenses for both their accommodation and general welfare.

Reckless growth in government is a systemic failure, resembling an economic tumor. Despite a growing workforce, Canadians face poor service delivery, inefficiencies, and wasteful spending. Instead of fostering innovation or addressing urgent national challenges, the administration has focused on expanding bureaucracy to artificially boost economic metrics. The financial burden on taxpayers is significant, but the opportunity cost may be even greater. Every dollar spent on this bloated bureaucracy is a dollar not invested in meaningful solutions for Canada's pressing issues. A leaner, more efficient public service is essential for safeguarding Canada's economic future.

According to a new report by the US House Committee on Homeland Security majority, the annual cost for housing and caring for asylum seekers is estimated to be $451 billion. This includes expenses for both their accommodation and general welfare.