Stephen Gordon: With this federal budget, the Liberals have let the middle class down, again

Don’t look at me, I didn’t vote for this twit.

The Liberals have worked hard to make the link between the welfare of middle-income Canadians and economic growth, and rightly so. Economic growth is a necessary – if not always sufficient – condition for sustained, broad-based improvements in living standards. The Minister of Finance’s Advisory Council of Economic Growth set itself an ambitious target in its reports: to increase the growth rate of real median incomes from the current baseline of 1.2 per cent a year to 2.2 per cent in 2030. In growth empirics, a sustained increase of one percentage point a year would be an extraordinary achievement, the equivalent of an extra $15,000 a year for median earners.

But the chances of that actually happening are vanishingly small. And just as the so-called “middle-class tax cut” mainly benefits people in the top third of the income distribution, the proceeds of the “innovation agenda” will likely be absorbed by the usual class of well-connected rent-seekers.

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  • Clausewitz

    To Trudeau the middle class are his servants, cooks, chauffeurs, and Nannies. Just like his attitude in parliament they are solely there for his use and enjoyment.

  • ontario john

    And now the media reaction to the budget. The budget is wonderful, Trudeau is wonderful, the Liberal Party is wonderful. The media doesn’t seem concerned that Harper passed a balanced budget to Trudeau, and now Trudeau is running a 29 billion dollar deficit this year, with nothing to show for it. And large deficits will be on the books till 2025. And no increase in defense spending until next decade. But lots of money for public housing and women’s equity issues, what ever the hell that is.

    • El Martyachi

      It’s only money, OJ. More can always be printed.

    • But he said he would.

      People voted for him anyway.

      Think about it.

      Someone just told you that they would max out your credit cards. Would you let them have your cards?

      Obviously not because you are not mad.

      I cannot say the same for everyone else.

  • Waffle

    Squeeze, squeeze, squeeze. Rinse and repeat.

    Wow!!! Morneau following Alinsky’s Rules for Radicals to a a tee!! Impoverish the populace. (In common language — never give a sucker an even break.

    G-d forbid anybody should try to save a penny — they’re cutting out CSBs for heaven’s sake!!! They’re eliminating the tax credit for taking public public transportation and their hiking the sin tax on booze and smokes.

    Well, sheeples how much more abuse are you willing to take? If this doesn’t do it, I don’t know what will. WE ARE SO F******D!

    • k1962

      Cutting the transit tax credit? That one pissed me off. People who take transit usually cannot afford a car. I see them lined up waiting for the bus. They are not the creme de la creme. He has a lot of nerve sticking it to the poor like that. Elitist little prick.

  • Jay Currie

    It is interesting that this is such a bland budget. It is not particularly good, or bad, or scary…just bland.

    Which suggests to me that the wind, such as it was, has gone out of the Liberals’ sails. They were poised to bring forward JT’s vision of a happier nation and now? Well now they are having to deal with the reality that rainbows and unicorns cost actual money. That legalizing pot is hard. That all that awful Alberta tar sands oil was propping up a big part of the economy. That Donald Trump is still President.

    Which has lead to a boring budget. Which is a lot better than it might have been if the Libs had remained convinced of the rightness of their mission.

    • El Martyachi

      The pipeline deal was done within 72 hours of President Trump’s (PBUH) inauguration. Justine’s an oilman! Er.. oilperson of indeterminate gender.

  • Uncommunist

    Pardon my French … Truedough is a grade No. 1 ahole. Sorry Fur … not one uppinh …but the more we here from that prick … the worse it seems.

  • Tooth&Claw

    Trudeau never cared about the middle class, except to tax and take their money without representing their interests.

  • canminuteman

    The government has come up with a bunch of new ways to squander my money and have to stuck their hands in my pocket for more, and borrow some more for my children and grand children to have to deal with. Yeah, I’m shocked.

  • Shebel

    Hopefully . I am wrong.
    All Justin is doing is bring the the middle class closer to the lower class.
    We are not in India , so using the class system , Justin, is pretty silly. .
    Justin- You said that You would bring the Lower class up to the level of the Middle Class.
    What you are doing Justin is what has always been done—
    Course–You don’t really know or understand the difference between Middle Class and LOWER Class.
    Here –Let me give you a clue —–
    TAKE – THE top LOWER class and compare them to the—
    The lower MIDDLE class——
    and then get your Legions of over-paid bureaucrats to see if they can UNDERSTAND. .
    You would have to be a fucking MORON to not.

  • Raymond Hietapakka

    Must be nice to be amongst the Chosen. I guess you just take pills to be able to sleep at night.

  • He was never about the middle-class, particularly if he could not define it.

    Anyone in the middle-class who voted for him is getting what is coming to them.