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Sunday, April 3, 2016

One way to get rid of our deficit

They sit on their hands when the basket is passed at St. Luke's every Sunday.  I am talking about the Filipinos, who jam in, yet rarely contribute a cent to the running of the parish.  They just don't and I see it every week.  Nevertheless, they manage to send $2.1 billion back to their country of origin every year!*  Only 1.9% of the Canadian population, this group is shipping a hell of  a lot of dollars out of a struggling economy to its host's perpetual detriment.  This is money generated in Canada, but not put back to work inside the Canadian economy. 

But the people are not alone.  The worst offenders are the Chinese-Canadians (By the way, I hate the use of any ethnic group in front of the word "Canadian") who annually transfer a whopping $4.1 billion into offshore accounts.  Next in the race to rush money out of Canada are Indo-Canadians at $2.8 billion, followed by the French (no surprise there because isn't everything French better?) and then the Germans.  But amazingly, little old Hungarians manage to scrounge $406 million out of their pockets to forward to a ridiculous and pointless end in Eastern Europe.  In the middle are such scallywags as Vietnam, Lebanon (don't get me started on that bunch!), Belgium, Sri Lanka, Pakistan and Nigeria (another not inconsiderable population within our parish, on which I don't wish to get started).

All this larceny adds up to.....wait for it.....$22.8 billion, or $635 per capita!  Now, wouldn't clamping down on such a scandal go a long way towards killing Canada's deficit?  It might also help St. Luke's upkeep. 

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*The Globe and Mail Report on Business
(World Bank figures)
April, 2016

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