Its hard to compete with a party that offers programs using debt while also cutting taxes, because a high debt load can be kicked down the road and rolled over until it reaches a crisis.
A repeat of Trudeau Sr, which caused pain during Chretien who had to cut spending and raise taxes during a recession, which had his polls fall dramatically by the end.
Flat fees for breaking the law are only a tax on the poor. If money can buy you privilege then you live in an oligarchy.
In the most bureaucratic industry in Canada with the highest taxes?
If this is your idea of capitalism I’d say its a bit silly, people can’t just build a 12 story apartment to service the demand, nimbys had it shut it down since the 1920s when they were redlining and not much has changed.
Its actually gotten far worse, there used to be loopholes like the Vancouver special, which were closed in the early 90s. Environmental and parking requirements were also much less.
Even provinces that did rezone very recently like BC are still littered with bureaucracy. This rezoning also should have been done a decade before we did 4% annual population growth, a logical order of operations that doesn’t destroy the poor.
Canadian oil with its higher margins and only 10% tariff would easily survive these tariffs, as the currency FX falls they’d be made even cheaper and gain even more investment, while the areas that manufacture cars and who voted Liberal would be hurt the most. You’d think it would be the other way around.
Though I guess the attempt at nationalizing oil revenue in the 80s and the inability to build pipelines in Canada, so that they didn’t have to sell energy at a deep discount, has long sullied Canada for many Albertans. This may have been a subconscious thought for a long time.
If you want systemic change to the economic system there’s definitely an order of operations here to follow, wouldn’t you agree?
If I want to redesign a roller coaster my first step shouldn’t be to start removing the tracks while passengers are on it.
I agree. High demand from immigration; lack of supply due to greenbelt, slow permitting, property taxes being passed on as development taxes, and urban sprawl zoning.
Why nationalize only oil, why not manufacturing, mining, lumber, hydro, etc…?
I have a birth bath I don’t ever replace the water in. Its like a shrub to me.
Alberta has no alternatives to export so loses a lot by shipping to the US. Alberta has a huge amount to gain by having alternative shipping routes. I think they’d be happy with things and the media would change their opinion pretty quickly.
Its concluding that if Alberta leaves Quebec will be screwed, so its in Quebecs interest to allow a pipeline to prevent secession. The tariffs on manufacturing emboldens this with an even larger crisis. The long term plan would be to end the reliance on Russian energy, assuming its true, but it seems to be unfolding as predicted so far which is neat.
Heres who was predicting it, starting about 28 minutes in:
What if I’m against immigration due to a housing bubble that is destroying the poor and dramatically increasing price to income ratios, am I a racist or a saint?
I think anyone with a brain can see that in many countries mass immigration is being used to depress wages and invert the phillips curve after QE, or to prop up GDP to avoid a technical recession in favor of a per-capita recession, which is for some reason not defined or acknowledged. It also clearly hurts the poor and benefits the rich via asset price inflation and higher rental income.
China produces the bulk of rare earths the US uses for things like military production, which puts the US as dependent on China as Canada is dependent on the US. The reality is absurd no matter which way things go.
Europe is doing carbon border adjustments to attempt to do something similar if I’m not mistaken, though its still early stages.
Use Bitwarden with a randomly generated password, its free. Also use two factor authentication obviously, and a separate email that is only for your finances.
The theory is they’re drumming up a crisis in order to get Quebec to agree to pipelines. Its not about actually separating.
Fixing that fork in the road created with 1961 National Oil Policy, that then brought up huge amounts of pain in the 70s and 80s, which basically flipped the table leading to nationalization attempts and the inevitable failure of the national energy policy.
The Alberta babies are the one who are changing their referendum laws, I’m unsure what point you think you’re making, is it just an attempt at an ad hominem?
Thats just the microplastics talking, go back to sleep.
Its not nonsense, Alberta gets 0$ in equalization payments most years. They also have a small population with extremely high corporate profits with high margins, so those corporations pay more taxes, regardless if it trickles down to workers or not. Also during a recession oil generally does okay, while other provinces are wiped out.
Caroline Rogers “rang the alarm bell” on productivity, and interest rates will be higher going forward due to aging demographics, so debt will compound faster than it had been. We also had the second to last per capita GDP growth of the 38 country in the OECD since 2015, which was below inflation.
You can import a lot of people to spread the debt amongst more people, though you’ll have Trudeau’s polling numbers by the end due to severe shortages of basic necessities. Trump allowed Carney to win this last election, though if the tariffs stay in place our interest rates will also rise dramatically, and we need to spend less.