This chart is wild, Canadians are drowning in taxes.
The average Canadian family now spends ~$47,000 per year on taxes and ~$13,000 per year on food,
That's 3.6 TIMES more on taxes than food.
The average Canadian family also now spends ~$24,000 per year on shelter.
In other words, the average Canadian family now spends DOUBLE their annual shelter costs on taxes.
Since 2010, the average annual tax bill for a Canadian family is up a whopping ~57%.
Truly concerning numbers.
The US government is spending as if we are in a crisis:
US government expenditures as % of GDP just hit 43%, matching levels seen during the 2008 Financial Crisis.
To put this into perspective, spending as a % of GDP is just 1% below World War 2 levels.
Even at the peak of World War 1, US government spending as a % of GDP was 20 percentage points LOWER.
Meanwhile, the Fed continues to call for a soft landing and economic data is "strong."
This is a crisis.
The Massachusetts Securities Regulator has said they are investigating Roaring Kitty for his $GME, GameStop positions.
But the Massachusetts’ politicians have been trading themselves.
Let’s look at Massachusetts reps and their trading.
- Rep Katherine Clark sits on the Congressional Subcommittee on Labor, Health and Human Services. She bought shares in Holologic a week before the US Department of Health awarded the company a $119 million Covid 19 contract. She sold after the shares spiked days later.
- Rep Lori Trahan was months late disclosing stock sales, never faced a penalty
- Bill Keating was also late, failing to disclose his ROST sells and TJX buys
- Seth Moulton sold $250,000 of $ATVI, Activision, on June 13th. Later that exact day, the $ATVI and $MSFT acquisition was blocked by the US FTC
- Rep Clark also traded stock before the COVID drop, and bought tons of tech stocks before vaccines were announced
Most of their portfolios are beating the market at the moment.
Fire 75% of federal bureaucrats immediately. Shut down agencies. Rescind all regulations that fail West Virginia vs. EPA (ie, most federal regulations). Zero-based budgeting.
Get sued for it. Take it to the Supreme Court & win 6-3.
That’s how you permanently drain the swamp.
Numbers don’t lie.
The current NBA regular season product absolutely sucks.
NFL gets more viewers in one game than NBA gets in 5 games combined.
That’s embarrassing. 👇🏽