In reality, a considerable percentage of Canadians earn capital gains.
The Liberals will finance almost all of the new spending with borrowed money, resulting in an expected deficit of $27.8 billion this year.
The federal government has increased spending by 7.6 per cent this year alone.
The recent federal budget paints a gloomy misleading picture of Canadian society.
The deficits to fiscal year 2020-21 will total $118.6 billion.
Of the $4 billion earmarked for 2016/17, only $1.6 billion will go to public transit and other municipal infrastructure.
The $5.4 billion projected deficit in 2015/16 is driven by higher spending—not a weak economy.
At $29.4 billion, the projected budget deficit in 2016/17 is larger than the cumulative budget deficits projected for the entire mandate in the Liberal platform.