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Shocking Stat

The World's Ball & Chain

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on Monday, 03 July 2017 10:50

This Week's Shocking Stat brings you a number so big it will make your head spin. A number that is so vitally important it will effect everyone's economic health.

...also from Michael: Mike's Unique Solution To Ending All The Confrontation and Discord

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Shocking Stat

The Biggest Financial Story in Coming Years

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on Monday, 26 June 2017 08:55

This weeks Shocking Stat concerns the financial earthquake that is the pension shortfalls that are occurring. They will be the biggest driver of the loss in confidence in Government and the biggest catalyst for social unrest. Just listen to these numbers for General Electric!!!! Yikes!

....also from Michael: Critical advice for your kids

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Shocking Stat

Corruption on a Gigantic Scale

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on Monday, 19 June 2017 09:11

This weeks Shocking Stat comes down hard on the comglomerate of despots, tyrants, kleptocrats and sprinkling of democracies that is the United Nations. Listen to this list of corruption if you can stomach it.

...speaking of amazing.... from Michael: The Impact of Amazon's "Just Walk Out Technology"

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Shocking Stat

The Numbers Are Breathtaking

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on Wednesday, 14 June 2017 10:13

Uber has swept through the taxi industry leaving massive change in its wake. Here's a taste of the numbers - the value of a Chicago taxi medallion has dropped $357K to 35K in just 4 years. Michael's turned up even more staggering numbers.....

....also from Michael: No Friend To Workers

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Shocking Stat

A G'Darn Shocking Shocking Stat

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on Saturday, 03 June 2017 15:22

Whoa, taxpayers are going to foot the bill for this Government spending mystery! No explanation why a 26 Billion dollar expenditure exploded to 65 Billion since 2008!!

...also: Money Talks Complete Show June 3rd 2017

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Shocking Stat

The Incoming Major Revolution

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on Sunday, 28 May 2017 09:56

Shocking Stats that underscore how this technological change will have a massive impact on business, society and you personally

...Michael's Saturday Editorial: When People Pay No Price For Being Wrong

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Shocking Stat

Shocking Stat: No-One Can Blame Business For This Swindle

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on Friday, 19 May 2017 23:56

Everyone loves to talk about gasoline prices, usually incorrectly assumng that the biggest gasoline cost factor is the price of oil. That's why when oil prices fall they demand to know why gas prices didn’t fall proportionately. The go to answer is to blame greedy businesses, but the truth is that taxation is the biggest gasoline cost factor in most markets.

Both provincial and federal taxes on gasoline make-up about 36% of the at the pump cost. One of my favorite add-ons is paying GST on top of the other gasoline taxes. According to an illuminating new study by the Canadian Taxpayer Federation, the federal and provincial tax-on gas tax adds an extra 3 cents per litre on average. All told governments take in an extra $1.4 billion in revenue thanks to paying GST on the taxes.

Okay, maybe that’s not my favourite – as the Taxpayer’s Federation reminds us we still pay the temporary 15 cent per litre deficit reduction levy that was implemented in 1995. Temporary my ass, so far that little beauty has brought in $13.3 billion since inception. This year alone it will bring in $638 million.

The grand total of fuel taxes is a whopping $23.5 billion in 2017.

If you are wondering how much you pay in gas taxes check out the table below compiled by the Canadian Taxpayers Federation: 

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source: The Canadian Taxpyer's Federation's 19th Annual Gas Tax Honesty Report May 18th, 2017



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