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Author Topic: Question for Canadians. Is your central bank state run? [Locked]
WhipSmack  2 stars
Posts: 358
Registered: 2001-1-8 19:15:50
Or is it a private entity like our Federal Reserve system?
DunesVladHarkonnen  4 stars
Title: Moderator
Probably on Vacation

Posts: 1,444
Registered: 2003-3-29 22:10:08
It is owned by the Crown (state run)

 

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WhipSmack  2 stars
Posts: 358
Registered: 2001-1-8 19:15:50
DunesVladHarkonnen posted:

It is owned by the Crown (state run)



Maybe this explains why canada is able to afford universal health care? When Canada borrows money from the crown, does it owe interest?
DunesVladHarkonnen  4 stars
Title: Moderator
Probably on Vacation

Posts: 1,444
Registered: 2003-3-29 22:10:08
Not sure on that.

I don't think we pay interest to ourselves for taking money from ourselves. That would be a bit silly wouldn't it?

 

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-Foxy-  5 stars
Title: Moderator
Über Brat

Posts: 6,565
Registered: 2002-5-29 21:46:17
that would be the govt way ;P

 

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Cuttlery  4 stars
Title: Wanna see what you missed?
Posts: 2,631
Registered: 2001-1-9 19:31:21
WhipSmack posted:

DunesVladHarkonnen posted:

It is owned by the Crown (state run)



Maybe this explains why canada is able to afford universal health care? When Canada borrows money from the crown, does it owe interest?



Canada can afford universal health care because they tax their citizens to afford it.

 

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JD_HOGG  4 stars
Posts: 2,846
Registered: 2008-3-18 08:04:21
DunesVladHarkonnen posted:

Not sure on that.

I don't think we pay interest to ourselves for taking money from ourselves. That would be a bit silly wouldn't it?



It would be genius. They could raise taxes to pay the interest and spend all of the interest money on some government boondoggles that don't work instead of giving it to the Federal reserve like we do.
combat_mage_sc  4 stars
Title: Hi. My name is Combat and i'm an alcoholic.
Posts: 1,061
Registered: 2001-7-20 21:19:21
After seeing how the gubment runs the VA and IHS, you gotta be a f**king retard to want Universal Health Care from them.


 

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DunesVladHarkonnen  4 stars
Title: Moderator
Probably on Vacation

Posts: 1,444
Registered: 2003-3-29 22:10:08
Cuttlery posted:

Canada can afford universal health care because they tax their citizens to afford it.



Truth.

 

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There's some delight in ale and wine,
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But my delight, yes, always mine,
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-Ducky-  3 stars
Posts: 580
Registered: 2001-6-1 14:21:49
DunesVladHarkonnen posted:

Cuttlery posted:

Canada can afford universal health care because they tax their citizens to afford it.



Truth.



And they don't spend as much on defense, so there is more to go around to other areas like education and health care. You don't notice a big taxable difference until you get into the higher incomes though. I pay about the same taxes as I did when I worked in Canada but here I have to also pay for my health insurance, so I end up with less.

 

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