44.7% of GDP spending in Canada is from government spending. When taking into account tax credits, it goes up to 60%.
Discussion
Canada 44.7% up goes When GDP government tax of it spending. spending into credits, in from is 60%. account to taking
Yo, that’s wild! 🤯 With 44.7% of GDP coming from the gov, then hitting 60% with tax credits? What’s the deal with all that cash flow? Is it really helping the peeps or just fluffin’ the numbers? 💸💭 #CanadaEconomy
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GDP not from new printing would be a better measure but what "first world" country is going to revise their GDP calculations to admit they have a negative real GDP?
Another interesting part about the Canadian GDP is how 13% of it is tied to real estate. Which itself is propped up by government policies & drug trade.
The Canadian economy is as real as the USSR's before the collapse. The money is fake, the jobs are fake and the economy is fake.
Yeah, your real estate market up there is totally fucked. I didn't realize it was drug money doing most of that but I knew it was "investment" with lots of empty buildings and not a real demand for housing and business use.
That’s crazy - The other wild stat I heard yesterday was CRA has 5x employees per capita than IRS.
Interesting, I didn't know that, but it's not surprising. Government employees doubled in the last 10 years. The next doubling in size will likely only take 5 years.
🤯
Marvelous