Startling reminder of what is happening in the Western World (Patreon)

Although this is Canadian data, it represents what much of the WEST is going thru. Thank you "on my way up" for sharing

From another MEMBER

The increase in taxes and shelter costs in Canada is linked to the rising cost of social programs. As governments expand social services such as healthcare, education, and welfare to meet growing demands, funding requirements increase.

This leads to higher taxes to sustain these programs.

Simultaneously, shelter costs rise due to increased demand for housing, driven by population growth, which can be partly influenced by the need to accommodate more people accessing these social services.

This trend is not unique to Canada but is observed in many Western nations, where aging populations and expanded welfare states (As I call UBI NATION) have similarly increased public expenditure, necessitating higher taxation.

TO make matters worse, increased immigration increases the demand for social programs, as new residents may initially rely on public services like healthcare and housing assistance. This also drives up costs... and how long can it continue?

MY FORECAST

Countries will continue to devise new methods to tax individuals that hold any form of financial wealth, such as raising property taxes, implementing taxes on unrealized capital gains and so on. Just like national debt, costs to service nations is also spiraling out of contorl.

PS this has all happened before AI has hit! Can you imagine what this will look like in 5 years?

THE GOOD NEWS

Clothing is flat