Carney launches a sovereign wealth fund
- Thread starter Driller69
- Start date
Yes, but the CPP is self-funded by a dedicated payroll tax over and above income and other taxes.
It is not investing money by taking cash advances against a Canadian Tire MasterCard and paying the minimum balance, hoping the investments will pay more than the cost of borrowing.
With due respect, you don't understand the National Air transportation Infrastructure.
The entire National Air transportation Infrastructure was SOLD by the Gov't to private "not for profit' corporations. NavCanada. Pearsoon and other Fed airports are effectively privatized to be operated by the GTAA. Each is self-funded through user fees.
But I agree that the Federal gov't really does not give two shits about aviation in Canada. They allowed Buttonville Airport to be closed and sold to Cadillac Fairview for big box stores and hotels. It's still vacant and CF cannot find a way to make the land profitable. The Feds could buy it back and build a proper airport there for relatively very little money. But average Canadian's 'politics of envy' sentiments would cause a major freak out.
It's not borrowing. It's investing.
Leader Pierre Poilievre labelled it a "sovereign debt fund", noting that the country's finances were in a deficit.
"Norway, Singapore and Saudi Arabia run big budget surpluses which they accumulate and put into their sovereign wealth funds," Poilievre said. "Carney has no surplus, and therefore no wealth to put in such a fund."
Trudeau already drove hundreds of Billions worth of investment from the natural resources with regulation
Carney is layering on an Industrial carbon tax
Now you want to extract meaningful Federal royalties on all natural resource exports.
why would anyone invest in Canada's natural resources sector when there are plenty of opportunities elsewhere ?
once again, the Liberal government runs deficits and only deficits
a Sovereign wealth Fund only makes sense if the government is running surpluses.
A sovereign Wealth Fund is a LEVERAGED Fund when the government runs deficits .
The government is highly irresponsible assuming LEVERGED risk with taxpayers money
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You are not disagreeing with me. Why do you think there's so little investment into airports? They are not for profit corps that need private investments, but nobody is going to invest if there's no profit to be had. It was a shitty system set up decades ago to save the government money. They should've went fully private or fully public. This in between just sucks.
The CPP s a segregated Fund , i.e. irresponsible politicians can not access the Funds
The CSWF will be lending money for Infrastructure projects the Federal government should have been funding for decades but has not
CPP extracts 5.95% of employee pensionable earnings + CPP extracts a similar match from the employer
Over 11% of pensionable earnings for all employed Canadians
Where do you expect the CSWF to extract its contributions from ?
you need to think prior to posting
You are right.
It was a shitty system set up decades ago to save the government money. They should've went fully private or fully public. This in between just sucks.
I’ll let them explain themselves first, but we are seeing why you shouldn’t let globalist bankers run your country.
It’s important to also remember Norway and Singapore populations are not even a quarter of Canada’s.
How about a surcharge on all energy exports? If the USA want to play hardball on trade adding add a couple of bucks on to the 4+ million barrels per day is fine by me. 5 bucks a barrel won't be a hardship. And 20 million is revenue times 365 is a nice start. Hell 10 is manageable. Then there is electricity. Ontario added a 10 buck surcharge per megawatts hour. The feds can as well. We export average 80,000 per day across the nation. Its a smaller amount but more it adds to the pot.
You can also look at various mining operations as well. What goes directly to export add a small surcharge. Thats how you build it. Once it starts up, have it managed properly, like CPP. It can grow and compounding, coupled with regular money coming on gets it there in a decade.
The also nationalized their oil so they can afford to.
Canda tried to nationalize its oil
A govt funded enterprise could not manage to explore/ drill in the harsh winters of Alberta
Esso / Exxon manage to successfully strike oil at Leduc Alberta n 1947
Trudeau Sr. tried it again in the late 1970s - what eventually became Petro Canada.
A money pit that needed to be sold into the private sector to make it work
Obviously Canada should instead just invest in bitcoin like PeePee demands.
A money pit that funded Canada.
We could have been like Norway but right wingers like you demanded we give all the profits to international corporations in exchange for lower taxes in Alberta.
once again you post but do not think
A money pit is a liability
A money pit does not fund anything
no we could not
what part of this did you not understand
Petro Canada was Canada's second kick at the can for Nationalize oil.
It required privatization to become profitable
The oil business is risky
Governments who can not manage debt should not be assuming risks with tax payers money
Canadas government can not manage debt
??
Petro Canada was acquired by Suncor - A Canadian Company.
You blither but understand nothing
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Seems like the Liberal honeymoon period is over.
It doesn't seem to be much boot-licking going on about this.
It doesn't seem to be much boot-licking going on about this.
Sooner or later everyone comes to their senses. With liberals it just takes a lot longer.
