It should come as no surprise that necessities require less of our income today than half a century ago. And without ignoring the fact that hunger remains a reality for some even today, Canadians get more food for less effort now than they did in 1961. Overall, we spend just over a third of our income on food, clothing and shelter, instead of more than half. Canadians’ taxes, including business taxes hidden in the price of goods and services, have increased almost 2,000 per cent, nearly three times the rate of inflation. From a third of our income in 1961, all taxes combined now take more than 40 per cent.

Source: National Post August 24, 2016 03:56 UTC