It will not ruin capitalism, but it will put a big dent in it which I have no problem with. I would never want to live in a communist society, but pure capitalism creates a lot of problems too. I think something in the middle is the answer.
Guaranteed Basic Income
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Well, I am not to fa-miler with the guaranteed income plan, but I am sure all Canadians will be taxed extra to pay it back.
This Canadian government is killing use all...with all the extra taxes...but yet seniors who paid into the system they wont help them.
How could any one own a home in Toronto, and pay it's taxes and all the bills that come with it.
This Canadian government is killing use all...with all the extra taxes...but yet seniors who paid into the system they wont help them.
How could any one own a home in Toronto, and pay it's taxes and all the bills that come with it.
Simplistic. The ones in my circle were going stir crazy. I know. I was in regular contact with them to raise spirits. Several in Movies, TV, Large event Tech. Others in hospitality. Hey couldn't wait to go back even in limited hours. Others switched gears to other jobs temporarily to get out.
Were fast food workers happy? Sure. It's thankless. Same with retail. That's the point.
This virus is also showing the thin veneer of consumer culture and it's fragility. Fast fashion is getting killed. It showed the detrimental effects of off shoring. How reliant we are on China and how dangerous that is for essential needs. How it's time to bring back manufacturing or face what we did again.
Globalization and the new "quarter profit" culture is to blame. And it created the wealth gap. Which is now begetting the social unrest in the USA.
Property taxes are cheap in Toronto. Like have of other GTA areas. And the bills are as expensive as you make them.
To run my house bills it's like in the 700 hundreds per month including prop taxes, gas, Hydro, water, garbage, school, internet.
The prices are because Toronto is considered a good place to live. Safe city, safe nation.
The SERVICE economy is a large sector. But what's important is to bring back essential manufacturing. Start with PPE, and drug manufacturers. Bring back electronics. Robotics. Food.
I hope voters stab Trudeau in the back and boot the liberals ass out of office.
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Due to the closure of live theatre, some actors in NYC are practicing their art in the nude in public parks for tips.
Agreed...but it's difficult to bring that all back when you make it too expensive for companies to set up shop here. ie why would any manufacturing company set up shop here when the wages demanded by unions and the taxes are no where near competative compared to other places?
This is a joke, right? How senior "paid into the system" Was taxes much higher in the past then today? Or did you mean seniors had higher income and, hence, even with the same or lower tax rate they contributed more over their lifetime than younger generation will do? If so, then these seniors must be in much better financial position then younger generation. If someone did not safe - it is his fault. If someone who did not have enough money because his income was law - he did not "paid into the system" much. Did the rules of mathematics change recently?
Manufacturing is never coming back. Not like it was after WW2. It’s all been quietly offshored and the middle class we grew up with is gone.
Either adapt or die. That’s the position our govt is putting people in. I’ve no idea why the liberals are against oil & gas development. It’s a license to print money.
Oil and gas is gone.
Wind and solar are cheaper, oil will stick around for a bit but its on its way out.
You might as well invest in coal.
You don't need to buy clothes, just wear your old clothes.
You don't need to go to restaurants, just eat from the grocery store and cook it yourself.
You don't need 100,000 govt. paper pushers, just tell Hudak to fire them.
That's the economy of Canada.
Useless twits.
You don't need to go to restaurants, just eat from the grocery store and cook it yourself.
You don't need 100,000 govt. paper pushers, just tell Hudak to fire them.
That's the economy of Canada.
Useless twits.
Yes.
The oil sands of VENEZUELA are ripe for development, and the people there will work for 2 dollars a day ... and work hard ... while these LAZY OVERPAID Canadian oil workers are too busy taking breaks at Tim Hortons and surfing for porn.
Because it has to be at about $90 a barrel to make it worthwhile. And so long as Russia and SA continue to dump cheap oil that price won't change.
The govt can mandate essential products (a percentage) be manufactured here with 51% Canadian ownership. They can stop the sale of raw materials (they did with potash to China). And they can do other development. The Ring of Fire as an example.
For every multinational that leaves a Canadian company can rise. Nature and economies abhor a vacuum.
All Canadians recieved it. Then as you earn above it tax rates come into play. All other benefits, whether disability, unemployment, general welfare, numerous boutique tax cuts and the like are eliminated.
It creates a basic level playing field. People can leave jobs they hate with a measure of security. Start a business and worry less about cash flow initially. It makes employers raise wages and benefits to attract workers.
The country definitely needs to debate UBI and truly figure this out... Unfortunately, JT & Supporters will push it through without a full vetting. It'll be a disaster.
The country is only as good as its middle class. Without manufacturing, oil and gas, mining, steel, forestry, coal (all the Canadian industries that free trade agreements and environmental regulation killed) we are sunk. The service economy doesn’t pay good wages except for the top 5-10% of jobs. We can’t rely on importing Chinese “investors”, the entire 3rd world, and cheap foreign labor to prop up demand for housing, university, and lenders. All I see is the government sector expanding endlessly, and private sector dwindling down to nothing. Using the bank of Canada to print our dollar into oblivion is the core economic policy of the political class. If this worked, then Venezuela and Zimbabwe would be the richest countries in the world. All that this free money and CERB/UBI is going to ultimately do is just raise the price of everything to the point where the value of our life savings is reduced to nothing.
