With the smell of desperation lingering in the air, Justin Trudeau and Chrystia Freeland announced a “GST holiday” for two months on all sorts of items—ready-made meals, children’s clothes, diapers, books, toys, beer, alcohol below a certain percentage, restaurant meals, you name it—to happen between December 15th and February 15th, to be followed by $250 cheques in April for anyone who worked in 2023 and whose household income is below $150,000 (so, not the top five percent of wage-earners).
OMG this two-month GST holiday is the dumbest idea ever. Who came up with this? Did they read any of the literature from the US sales tax holidays on school supplies? Includes restaurant meals, takeaway, fastfood, beer, wine, in addition to kids clothes, toys, etc.
— Dr Lindsay Tedds (@lindsaytedds.bsky.social) 2024-11-21T16:23:50.682Z
It’s absolutely terrible economic policy, it’s poorly implemented (and is going to be an absolute nightmare all around to ensure implementation happens) it will benefit higher-income households disproportionately, and it’s not going to do any favours for the deficit situation that they insist they want to put on a downward trajectory, but it’s apparently good retail politics. (And good for the restaurant industry, particularly during their slower months, but a dog’s breakfast for retailers). Apparently, the Liberals are frustrated that all of their good work with the Canada Child Benefit, $10/day childcare, dental care and any incoming pharmacare deal with provinces (and not to mention rebounding faster from the pandemic and tacking inflation faster than any other comparator government) isn’t helping them in the polls, so they’re resorting to direct bribes, because reasons. It’s so stupid. We live in the stupidest times, and everyone is just going along with it.
If this GST holiday is an NDP initiative then I ask them what do they think this accomplishes over enriching the GST/HST refundable tax credit. The primary beneficiaries of the tax holiday are high income households. The primary beneficiaries of an enriched rebate are low income households.
— Dr Lindsay Tedds (@lindsaytedds.bsky.social) 2024-11-21T16:40:37.584Z
I haven't calculated the impact of this GST holiday but if consumption doesn't drastically change, this GST holiday will likely mean that families in high income deciles will see a large reduction in the GST paid whereas families in lower-income deciles will see more moderate declines.
— Gillian Petit (@gillianpetit.bsky.social) 2024-11-21T17:22:59.293Z
As a reminder that ableism starts by imagining a lack of disability as the normal or default state for members of society and permits or even promotes the unequal or inferior treatment of persons with disabilities. Linking the GST rebate to working income is ableism.
— Dr Lindsay Tedds (@lindsaytedds.bsky.social) 2024-11-21T17:11:20.096Z
Amendment! Not quite no matter what. Backgrounder says “earned up to $150K net”. But that’s a bit fudgy. It could be total net income but it doesn’t say that. If I have $140k in wage income but $25k in investment income do I qualify?
— Jennifer Robson (@jrobson.bsky.social) 2024-11-21T20:11:22.726Z
I'd love to see the Venn diagram of people who think this is bad, naked politicking with public dollars vs those who thought the Fordollars was bad, naked politicking with public dollars. https://t.co/ZNpvGONy4S
— Andrew Leach (@andrew_leach) November 21, 2024
Part of this was a sop to the NDP in the hopes that they would help end the filibuster in the House of Commons, but they’re not all that keen on that (as they are happy to watch the Liberals twist in the wind), and are talking about trying to push a programming motion to pass the bill with these promised tax changes in a single day, which is not terribly bright, and the government really, really needs to actually pass the capital gains changes, because they’re already being applied while the legislation has been held up by this filibuster. Can the government play hardball with the NDP to break the filibuster and send the privilege matter to committee? I guess we’ll wait and see.
Ukraine Dispatch
Russia fired new hypersonic intermediate-range ballistic missiles at Dnipro on Tuesday, claiming to be in retaliation for long-range strikes inside Russian territory, hitting an industrial enterprise and a rehabilitation centre. (Curiously enough, a Russian spokeswoman was giving a briefing on the missiles when she was called mid-conference and told not to talk about them). Russia’s strikes over the weekend have badly damaged Ukraine’s largest private power producer, while Russians are now claiming they have taken the village of Dalne in eastern Ukraine.
The intercontinental ballistic missile #Russia used against #Dnipro in the morning was allegedly the RS-26 Rubezh, according to Ukrainska Pravda.
As reported by Defence Express, the RS-26 Rubezh is designed primarily for delivering nuclear warheads. The missile was developed… pic.twitter.com/uhkL9VMRQi
— UkraineWorld (@ukraine_world) November 21, 2024
Russia’s military developed “glide bombs” specifically for use in Ukraine, with devastating impact.
Watch it here: https://t.co/Y9DvizeSP6 https://t.co/bDMIaxUVcY
— UkraineWorld (@ukraine_world) November 21, 2024