Canada uses Modern Monetary Theory (MMT). CRA and the courts say everyone has to pay their “fair share” of income tax for infrastructure, such as roads. They even prosecute people over this. But this contradicts MMT. So, either Canada doesn’t tell them how income tax really works, or someone’s lying to you.
(Read through to find out how to get a FREE copy of our latest income tax research!)
In March 2019 a Canadian government economist told the CBC:
“As the issuer of currency, the Government of Canada can never run out of money and can fund every single social requirement it faces, including free education. It is impossible for there to be a limit on the capacity of a sovereign government to pay debts denominated in its own currency.”
CBC writer Neil Macdonald reports:
Helpfully, the fellow appended a primer on Modern Monetary Theory (MMT), which posits that the government, not individuals or corporations, owns the national currency, and can print unlimited amounts of it without harmful consequence, as long as it taxes enough of it back to keep spending in check and restrain inflation.
“This goes against the conventional idea that taxes are primarily meant to provide the government with money to spend to build infrastructure, fund social welfare programs etc.”
(For more on MMT and Canada see this web site.)
Since Canada uses MMT, “Canada can never run out of money and can fund every single social program.” That’s how the Green Party of Canada and the current Canadian government, the Liberal Party of Canada, are advocating for a basic income in Canada.
Many CRA tax evasion press releases, such as this one, say,
“Those who do not comply with tax laws place an unfair burden on law-abiding taxpayers …”
How? Canada using MMT means it does NOT rely on income tax to build infrastructure or fund social programs! After all, that economist says Canada “can print unlimited amounts of it without harmful consequence.”
Porisky was the sole head of Paradigm Education Group (“PEG”). He was found guilty of counselling tax evasion. His verdict was based on, among other things, what his PEG Advanced Course says. (It is reproduced in the Porisky decision Appendix, at page 48):
QUOTES FROM THE CANADIAN ILLUSION BOOKS AND DVDS
Those who find themselves angrily regurgitating the preprogrammed responses they’ve been taught, such as “We all need to pay our fair share”, or “How are we going to pay for the roads?” have yet to consider the possibility that they have been deceived by those who told us all to trust them.
In other words, CRA used “We all need to pay our fair share” and “income tax pays for the roads” to sway the court to convict Porisky.
But this contradicts what that economist told the CBC. And sie probably works for the Department of Finance, which is responsible for (and therefore understands) Canada’s tax laws.
In short, Canada using MMT corroborates this part of PEG’s Advanced Course.
“Apu’s Theory”, our research on how Canada’s income tax seems to really work, concludes Canada owns all Canadian money (CAD), or, “public money”. Our latest research, Part 5, is “Why Using CAD $ Means No Legal Title”. That economist corroborates our conclusion:
“… the fellow appended a primer on Modern Monetary Theory (MMT), which posits that the government, not individuals or corporations, owns the national currency.”
We will delve into this more in a future article.
Either the Department of Finance does not tell CRA how tax laws really work, or they did, but CRA lied to you. But neither excuses over 60 PEG Educators and students, such as Russ Porisky, Michael Millar, Keith Lawson, Doug Amell, Bob and Terry Steinkey, Bill Mori, Debbie Anderson, Clarke and Margaret Webster, Kin Tung Fong, and Tania Kovaluk being found guilty. Were they prosecuted for propaganda – for FAKE NEWS?
Email us for a FREE copy of Part 1 of “Why Using CAD $ Means No Legal Title”. It contains 82 slides. The total presentation is 176 slides, and took 400 hours to research and present.