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Decentralized Democracy

House Hansard - 129

44th Parl. 1st Sess.
November 17, 2022 10:00AM
Context: House Hansard - 129 - Nov/17/22
Mr. Peter Julian (New Westminster—Burnaby, NDP)
  • Nov/17/22 10:23:36 a.m.
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  • Re: Bill C-32 
Mr. Speaker, there is a major shortfall in this fall economic statement. Over $30 billion a year goes to overseas tax havens on behalf of the corporations that are benefiting the most from greedflation and the ultrarich. Of the $30 billion, the federal Liberal government has decided to claw back about $600 million, about 2% of the $30 billion. Of course, as we well know, that $30 billion would be one of the top five expenditures of the federal government. It means that seniors, students, people with disabilities and families are shortchanged, in terms of the benefits and supports that they could be getting. Why are the Liberals refusing to crack down on massive tax evasions, tax loopholes and overseas tax havens that cost Canadians over $30 billion a year?
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Context: House Hansard - 129 - Nov/17/22
Mr. Mark Gerretsen (Parliamentary Secretary to the Leader of the Government in the House of Commons (Senate), Lib.)
  • Nov/17/22 12:04:43 p.m.
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  • Re: Bill C-32 
Madam Speaker, I would agree with the member in his assessment of the unfortunate reality of corporations using the opportunity of inflation to further expedite the problem by adding more inflation and trying to profit off of it. It is one thing to do this by putting a special tax on it, but how do we do that? He talked about profits of over a billion dollars. How does he see that being implemented practically and the results of that, and how that will be received?
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Context: House Hansard - 129 - Nov/17/22
Hon. Pierre Poilievre
  • Nov/17/22 3:52:23 p.m.
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  • Re: Bill C-32 
Madam Speaker, I suspect corporations were just as greedy seven years ago as they are today, so why is it that inflation is three times as high? The reality is that we have a government that has facilitated the so-called “greedflation” we have. When governments print money and pump it into the financial system, those who first touch that money are the ones who profit from it. That is why, when we see these massive money-printing deficits anywhere in the world that it has been tried, it has not only caused inflation but caused a massive increase in the wealth gap. The richest people, who have stuff, benefit when that stuff goes up in price. The poorest people, who need stuff, suffer because they have less purchasing power with which to buy it. It is the money printers and the big government state capitalism of the Liberal government that are allowing this outrage and injustice to occur, and it is the member, by being part of this costly coalition, who is serving that government greed and corporate greed.
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