Business
Undemocratic tax hike will kill Canadian jobs: Taxpayers Federation
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From the Canadian Taxpayers Federation
By Devin Drover
The Canadian Taxpayers Federation is demanding the Canada Revenue Agency immediately halt enforcement of the proposed capital gains tax hike which is now estimated to kill over 400,000 Canadian jobs, according to the CD Howe Institute.
“Enforcing the capital gains tax hike before it’s even law is not only undemocratic overreach by the CRA, but new data reveals it could also destroy over 400,000 Canadian jobs,” said Devin Drover, CTF General Counsel and Atlantic Director. “The solution is simple: the CRA shouldn’t enforce this proposed tax hike that hasn’t been passed into law.”
A new report from the CD Howe Institute reveals that the proposed capital gains tax hike could slash 414,000 jobs and shrink Canada’s GDP by nearly $90 billion, with most of the damage occurring within five years.
This report was completed in response to the Trudeau government’s plan to raise the capital gains inclusion rate for the first time in 25 years. While a ways and means motion for the hike passed last year, the necessary legislation has yet to be introduced, debated, or passed into law.
With Parliament prorogued until March 24, 2025, and all opposition parties pledging to topple the Liberal government, there’s no reasonable probability the legislation will pass before the next federal election.
Despite this, the CRA is pushing ahead with enforcement of the tax hike.
“It’s Parliament’s job to approve tax increases before they’re implemented, not the unelected tax collectors,” said Drover. “Canadians deserve better than having their elected representatives treated like a rubberstamp by the prime minister and the CRA.
“The CRA must immediately halt its plans to enforce this unapproved tax hike, which threatens to undemocratically take billions from Canadians and cripple our economy.”
Business
Elon reveals millions of people in Social Security database between the ages of 100-159
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Quick Hit:
Elon Musk revealed on X that millions of individuals in the Social Security database are recorded as over 100 years old, with no death record attached. The billionaire suggested the findings could indicate massive fraud within the system.
According to the Social Security database, these are the numbers of people in each age bucket with the death field set to FALSE!
Maybe Twilight is real and there are a lot of vampires collecting Social Security 🤣🤣 pic.twitter.com/ltb06VX98Z
— Elon Musk (@elonmusk) February 17, 2025
Key Details:
- Musk shared a chart showing over 20 million people in the database listed as 100+ years old, including 3.9 million between 130-139, 3.5 million between 140-149, and 1.3 million between 150-159.
- The 2020 U.S. Census recorded just over 80,000 people aged 100 or older, casting doubt on the accuracy of the Social Security data.
- Musk suggested that the Social Security system is riddled with inconsistencies and could be facilitating large-scale fraud.
Diving Deeper:
On Sunday, Elon Musk took to X with a shocking revelation about the Social Security database, suggesting it contains massive inaccuracies—possibly enabling widespread fraud. Musk pointed out that millions of individuals are recorded as being 100 years or older, yet their death status remains unmarked.
“According to the Social Security database, these are the numbers of people in each age bucket with the death field set to FALSE! Maybe Twilight is real and there are a lot of vampires collecting Social Security,” Musk quipped, sharing a chart showing over 20 million centenarians in the system.
The data he highlighted included staggering figures: more than 3.9 million individuals listed as 130-139 years old, 3.5 million aged 140-149, and over 1.3 million aged 150-159. These numbers are vastly out of sync with U.S. Census data, which recorded just over 80,000 people aged 100 or older in 2020.
Musk didn’t stop there. He went on to criticize the complexity and lack of oversight in Social Security operations, calling the system’s logic “INSANE.” According to Musk, “No one person actually knows how it works. The payment files that move between Social Security and Treasury have significant inconsistencies that are not reconciled. It’s wild.”
Perhaps the most damning accusation Musk made was in a follow-up post where he warned that the Social Security system might be one of the largest fraud schemes in history. “There are FAR more ‘eligible’ Social Security numbers than there are citizens in the USA. This might be the biggest fraud in history,” he posted.
Business
DOGE discovers $4.7T in untraceable U.S. Treasury payments
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MxM News
Quick Hit:
The Department of Government Efficiency (DOGE), established under President Donald Trump, has discovered that nearly $4.7 trillion in U.S. Treasury payments were processed with an optional, often blank identification code—making them nearly impossible to track. The revelation has prompted immediate changes to federal financial reporting, mandating full transparency on these transactions moving forward.
Key Details:
- DOGE found that the Treasury Access Symbol (TAS), a key financial identifier, was frequently left blank in transactions totaling $4.7 trillion.
- The Trump administration’s watchdog agency worked with the U.S. Treasury to close this loophole, making the TAS field mandatory for all federal payments.
- DOGE continues to uncover and eliminate government waste, already reporting an estimated $55 billion in taxpayer savings through spending cuts and contract renegotiations.
Diving Deeper:
The Department of Government Efficiency (DOGE), spearheaded by Elon Musk under President Donald Trump’s administration, has made a bombshell discovery regarding federal spending. According to the agency, $4.7 trillion in payments were funneled through the U.S. Treasury without clear tracking due to an often-missing Treasury Access Symbol (TAS). This identifier, which links government expenditures to specific budget items, was optional in the federal system—resulting in payments that were nearly impossible to trace.
DOGE announced the finding on X, explaining that the TAS field has now been made mandatory for all federal payments. “As of Saturday, this is now a required field, increasing insight into where money is actually going,” the agency stated. This change is expected to bring a new level of transparency to federal finances, ensuring that taxpayer dollars are properly accounted for.
The revelation coincides with DOGE’s broader mission to root out wasteful government spending. Since its creation via executive order, the agency has reported $55 billion in estimated savings, achieved through fraud detection, renegotiations of contracts, and regulatory cuts. The agency is also working to make its cost-cutting measures fully transparent, committing to updating its financial data twice per week with the goal of transitioning to real-time reporting.
Musk’s leadership at DOGE has sparked both praise and controversy. While conservatives applaud the agency’s aggressive stance on reducing bloated government programs, critics—particularly among Democrats—have raised concerns over its authority to access federal data and cancel government contracts. Attorneys general from 14 states have filed a lawsuit aiming to block DOGE from federal systems, arguing that its executive authority over financial oversight is an overreach.
Despite legal challenges, DOGE recently won a key court battle, with a federal judge in Washington declining to temporarily block its access to sensitive data from several agencies, including the Departments of Labor and Health and Human Services. This ruling is seen as a green light for the Trump administration’s cost-cutting mission to continue.
With the U.S. national debt at record highs, DOGE’s latest discovery raises serious questions about past government financial management. The $4.7 trillion in untraceable payments underscores why the agency was created in the first place—and why Washington’s establishment has resisted its oversight.
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