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Decentralized Democracy

House Hansard - 17

44th Parl. 1st Sess.
December 14, 2021 10:00AM
Context: House Hansard - 17 - Dec/14/21
Hon. Pierre Poilievre (Carleton, CPC)
  • Dec/14/21 4:37:09 p.m.
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Mr. Speaker, I guess with all the money-printing deficits, the Liberals did not have enough paper left to print these documents. I want to thank the minister of inflation for her presentation today. It reveals that inflation is in fact 50% higher than she promised in the budget, and the deflation she said we would have a year ago has definitely not materialized. A half a trillion dollars of inflationary deficits mean more dollars chasing fewer goods and higher prices. The result of course is that housing and gas are up by a third, making it hard for people to get to work or house themselves; food prices will rise $1,000 for the average family next year, not to mention that taxes cost the average family more than food, clothing and shelter combined. The more the government spends, the more Canadians pay. To add insult to injury, we learned today that the government is collecting a windfall of tax revenue as it gets higher taxes on higher prices. It is called the inflation tax or, as the Liberals would say, “just inflation”. My question is a very specific one. How much in extra tax revenue will the government collect as a result of higher-than-expected inflation on the backs of Canadian consumers?
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