Idiots voting for Liberals caused Canada to get closer to bankruptcy, you know who you are. Why do you idiots keep voting for this shit. Only one thing makes sense, you're part of the parasites on Canada.
In some cities taxpayers are paying for not one, not two, but three pensions for government bureaucrats.
This week’s Taxpayer Waste Watch exposes some of the craziest government perks that you’re paying for.
Plus, we cut through Carney’s accounting nonsense and show you how to slice through the noise to figure out what’s really going on with government finances.
And you don’t want to miss this week’s episode of the Franco Terrazzano Show where we put a spotlight on the main culprit of Canada’s inflation. You can watch and share the video by clicking this link: taxpayer.us1.list-manage.com
All that and more in this week’s Taxpayer Waste Watch. Enjoy.
Franco
Three pensions and a $680,000 taxpayer-funded salary
Can you really call yourself a “public servant” if you take three pensions from taxpayers?
What if you’re taking a $680,000 per year salary from taxpayers?
We think the answer is no.
Government bureaucrats are supposed to serve you. But three new reports make you question who is really serving who.
Bureaucrats taking three pensions
Forget one pension.
You’re paying for some city government bureaucrats to walk away with two or three taxpayer-funded pensions.
That’s according to a new report from the think tank Secondstreet.org.
More than 2,500 city of Calgary bureaucrats are set to receive a second pension when they retire.
A total of 126 city of Calgary bureaucrats will receive three taxpayer-funded pensions.
Those second and third pensions will cost almost $13 million.
If you live in Edmonton, Montreal, Ottawa, Mississauga or Halifax, you’re also paying for second pensions for some city bureaucrats, according to Secondstreet.org.
Most Canadians working outside government don’t receive a workplace pension. Yet, you’re forced to pay for second or third pensions for thousands of city bureaucrats.
The $680,000 bureaucrat
Meet Douglas Guzman.
He’s the bureaucrat the Carney government tapped to head up the new Defence Investment Agency.
Guzman will take a $679,100 (taxpayer-funded) salary per year, according to the online investigative news source Blacklock’s Reporter.
Guzman, a former associate of Carney’s, is now cabinet’s highest-paid appointee.
At $680,000, Guzman is paid significantly more than other overpaid federal bureaucrats and politicians:
- Prime Minister = $419,600
- Finance Minister = $309,700
- Member of Parliament = $209,800
- Governor General = $378,000
- CBC CEO = $562,700
- Bank of Canada Governor = $544,800
You’re paying the government bureaucrat premium
There used to be this notion that government bureaucrats were paid less than workers in the private sector, but government employment came with more job security.
That’s certainly not the case now.
Government bureaucrats receive higher salaries than their counterparts in the private sector, take platinum taxpayer-funded pensions, work less and retire earlier.
Government employees now receive a salary that’s five per cent higher than their counterparts in the private sector, according to the Fraser Institute.
That’s after controlling for a bunch of economic factors like age, education, industry and occupation, among others.
Government bureaucrats are also much more likely to receive a platinum pension. For example, 87 per cent of government bureaucrats take a pension. Less than 22 per cent of workers outside government receive a workplace pension. And most of those government bureaucrats with a pension receive the platinum, defined-benefit pension.
Government bureaucrats also retire earlier, have more job security and take more days off (15 days per year) than workers outside government, according to the Fraser Institute.
Cutting through Carney’s budget noise
You’ve probably heard Prime Minister Mark Carney talk about splitting the federal budget into an operating and a capital budget.
A new report from the Parliamentary Budget Officer shows Carney is inappropriately expanding the definition of ‘capital’ spending.
The PBO’s analysis found that “Finance Canada’s definition and categories expand the scope of capital investment beyond the current treatment of capital spending in the Public Accounts of Canada.”
The PBO added that “based on our initial assessment, we find that the scope is overly expansive and exceeds international practice such as that adopted by the United Kingdom.”
Carney is even including corporate welfare in his definition of capital spending.
We’re going to have a lot more to say on Carney’s Nov. 4 budget, but here’s the main takeaway for today:
The government is purposefully trying to muddy the water with this accounting nonsense.
Taxfighters will have to cut through the spin and look for the one number that truly matters in the budget: Is debt going up or down?
VIDEO: Government causing inflation: The Franco Terrazzano Show
Who’s the main culprit of inflation? The government!
Taxes, heavy-handed regulations and government money printing is the main reason your life is so expensive.
So, what’s the solution? Cut the size and cost of government.
Slash taxes, cut spending, turn off the money printer and get Ottawa out of the way.
You can watch (and share) the latest episode of the Franco Terrazzano Show by clicking the link below.
WATCH: taxpayer.us1.list-manage.com
Taxpayer reading list
If you’re looking for more reading on taxpayer issues, we’ve got you covered.
‘We’re sick of it’: Hundreds at Cape Breton rally denounce federal gun buyback program: taxpayer.us1.list-manage.com
The electric vehicle mandate cannot be saved and must be scrapped: taxpayer.us1.list-manage.com
Alberta teachers should be ready for a long strike: taxpayer.us1.list-manage.com
Vancouver City Council must freeze taxes: taxpayer.us1.list-manage.com
Carney’s tax filing announcement shows consultation was a sham: taxpayer.us1.list-manage.com
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