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PM Justin Trudeau's Canada

Why do we all of a sudden care about the national debt?

Do the people complaining actually have a reason, or are they just imagining their kitchen table budgeting has any resemblance to national economics?


Here is a good read: https://documents1.worldbank.org/curated/en/560291579701550183/pdf/Debt-and-Financial-Crises.pdf

Since 1970, according to the World Bank there have been more than 500 occurences of countries rapidly accumulating debt. Around half of these resulted in financial crises.
So in essence you could say there is actually no strong correlation necessarily between rapid debt accumulation and financial crisis. Clearly there are other factors that influence this moreso than the debt accumulation only.
 
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Option A: Lower corporate taxes to between 0 and .25% to increase investment in Canada.
If you did this, the very first thing you would see happen is stock buybacks. You would not see these corporations invest in wages or productivity enhancements. And why should they, you just gave them a free lunch. So why should we give a fuck about enhancing shareholder wealth?

This is exactly what happened with the Trump tax cuts BTW
 
reminds of this video from 2015 , dude had a bachelor's and master's in Economics
I'd vote for Harper over Poilievre.



Harper would destroy Trudeau while not pandering to the xenophobes and Christian nationalists.
 
I'd vote for Harper over Poilievre.



Harper would destroy Trudeau while not pandering to the xenophobes and Christian nationalists.
I wonder how much influence he still wields behind the scenes...
 
I wonder how much influence he still wields behind the scenes...
I expect almost zero. All but one of Harper's forty-four former cabinet ministers is no longer a MP. Guess who that last hold out is.

Retired:
Bernard Valcourt, Minister of Aboriginal Affairs and Northern Development
Rob Nicholson, Minister of National Defence
Peter MacKay, Minister of Justice, AG
Rona Ambrose, Minister of Health
Diane Finley, Minister of Public Works and Government Services
John Baird, Minister of Foreign Affairs
Tony Clement, President of the Treasury Board
Peter Van Loan, Leader of the Government in the House of Commons
Jason Kenney, Minister of Employment and Social Development
Gerry Ritz, Minister of Agriculture and Agri-Food
Christian Paradis, Minister of International Development
James Moore, Minister of Industry
Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs
Leona Aglukkaq, Minister of the Environment
Minister for the Arctic Council
Lisa Raitt, Minister of Transport
Gail Shea, Minister of Fisheries and Oceans
Julian Fantino, Associate Minister of National Defence
Steven Blaney, Minister of Public Safety and Emergency Preparedness
Ed Fast, Minister of International Trade
Joe Oliver, Minister of Finance
Kerry-Lynne D. Findlay, Minister of National Revenue
Shelly Glover, Minister of Canadian Heritage and Official Languages
Chris Alexander, Minister of Citizenship and Immigration
K. Kellie Leitch, Minister of Labour
Greg Rickford, Minister of Natural Resources
Erin O'Toole, Minister of Veterans Affairs
Maxime Bernier, Minister of State (Small Business and Tourism, and Agriculture)
Lynne Yelich, Minister of State
Gary Goodyear, Minister of State
Rob Moore, Minister of State
John Duncan, Minister of State
Tim Uppal, Minister of State
Alice Wong, Minister of State
Bal Gosal, Minister of State
Kevin Sorenson, Minister of State
Candice Bergen, Minister of State
Michelle Rempel, Minister of State
Ed Holder, Minister of State

Still a MP:
Pierre Poilievre, Minister of State

Harper never promoted Poilievre beyond one of the several, and essentially symbolic Minister of State jobs. If he gains power Poilievre will owe nothing to Harper.
 
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As we cover immigration policies in this thread........... I offer this column from the Globe and Mail by Economics Professor Joel Blit of Waterloo.


From the above:

Referring to move to cut back on temporary workers:

1730460034540.png

***

1730460093613.png


***

He goes on to argue for further cuts and a return in the mainstream portion of immigration to 100% adherence to the Points system.

He makes the case, as I have, that through a combination of cheap labour, and a growing market (population growth) we've fostered profound complacency and laziness in Canadian business.

My further add-on.....this affects our ability to compete with other trading nations, on both imports and exports, and also has the effect of promoting higher consumer prices, because businesses aren't incented to get prices down.

A lack of competition furthers that problem.......but that's a different column!
 
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I think the whole ongoing Khalistan-India mess is proof enough that we need to figure out how to disentangle ourselves from imported diasporic spats.

Crackdowns on bad actors are very much needed to keep this from spiraling out of control, especially considering the sheer number of recent immigrants/students/TFW from the Indian subcontinent.
 
As we cover immigration policies in this thread........... I offer this column from the Globe and Mail by Economics Professor Joel Blit of Waterloo.


From the above:

Referring to move to cut back on temporary workers:

View attachment 608810
***

View attachment 608811

***

He goes on to argue for further cuts and a return in the mainstream portion of immigration to 100% adherence to the Points system.

He makes the case, as I have, that through a combination of cheap labour, and a growing market (population growth) we've fostered profound complacency and laziness in Canadian business.

My further add-on.....this affects our ability to compete with other trading nations, on both imports and exports, and also has the effect of promoting higher consumer prices, because businesses aren't incented to get prices down.

A lack of competition furthers that problem.......but that's a different column!
Bring us back to 2014’s targets. These were still well below Trudeau’s new goals.
 
I think the whole ongoing Khalistan-India mess is proof enough that we need to figure out how to disentangle ourselves from imported diasporic spats.
I was born in the UK. I have never, not once sought out anyone else from the UK, nor do have have any interest in the political issues there. Instead we just got to work building lives in Canada.
 
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I think the whole ongoing Khalistan-India mess is proof enough that we need to figure out how to disentangle ourselves from imported diasporic spats.
I was born in the UK. I have never, not once sought out anyone else from the UK, nor do have have any interest in the political issues there. Instead we just got to work building lives in Canada.

You can say that. But this is the history of Canada. Before this Khalistan crisis, there was the Tamils. And before that, for a huge chunk of our history there was the Catholic vs Protestant thing tied into European politics. Heck, we lost a Father of Confederation to Irish nationalists seeking to end British rule in Ireland. Let's not pretend these issues are unique to the Browns while memory holing the past.

That said, we have failed to integrate so many of these immigrants. And a big part of that is our immigration policy itself. We set up a sham process to get low wage unskilled labour instead of the specifically skilled high value labour we need. That immigration simply compounds our housing and social policy failures, driving ghettoization. And finally, the utter failure of law enforcement and intelligence agencies, along with politicians, to crack down, has contributed. From bungling the Air India bombing investigation to basically letting organized crime from India run GTA neighbourhoods, it's been a long list of law enforcement failures that both failed to stop crime and protect the favourable immigrants in these communities.
 

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