toastmeister

joined 5 days ago
[–] toastmeister@lemmy.ca 1 points 33 minutes ago* (last edited 28 minutes ago)

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.

[–] toastmeister@lemmy.ca 1 points 44 minutes ago* (last edited 35 minutes ago) (2 children)

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.

[–] toastmeister@lemmy.ca 2 points 52 minutes ago* (last edited 51 minutes ago)

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.

[–] toastmeister@lemmy.ca -1 points 4 hours ago* (last edited 4 hours ago)

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.

https://m.youtube.com/watch?v=DX_-UcC14xw

[–] toastmeister@lemmy.ca -5 points 4 hours ago (1 children)

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.

[–] toastmeister@lemmy.ca 1 points 4 hours ago* (last edited 4 hours ago)

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.

[–] toastmeister@lemmy.ca -4 points 5 hours ago (2 children)

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.

[–] toastmeister@lemmy.ca 1 points 12 hours ago* (last edited 12 hours ago) (1 children)

Why nationalize only oil, why not manufacturing, mining, lumber, hydro, etc..?

[–] toastmeister@lemmy.ca 6 points 13 hours ago (3 children)

I have a birth bath I don't ever replace the water in. Its like a shrub to me.

[–] toastmeister@lemmy.ca 1 points 13 hours ago* (last edited 13 hours ago)

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.

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