Reading the comments I don’t think people understand what’s involved here.

The companies are moving to the states because that’s where the majority of their customers are. Which means it’s not viable for them to stay in Canada and only sell to Canadian markets.

Which means nobody’s going to be replacing these businesses. We’re talking about hundreds of thousands of jobs that will be lost with no replacement.

The state can’t nationalize them, the workers can’t take them over, they’re just not viable as businesses anymore.

And all those businesses and all the people that work for those businesses pay taxes. Which means we’re going to have less and less money to provide services the people who are poor etc

This isn’t about giving states our money, this is about us not having any money anymore. I think people need to wake up to the reality of how serious this is

The beings are finite but the wealth is not. I don’t know how to explain this more simply. If you fall into the ocean there’s only so much water you can drink so your ability is finite but from a practical point of view the water is infant.

This is extremely simple, the point is the limit is the person not the wealth

And no I’m just trying to find a way to explain it to you that will make it easier for you to get your head around. Honestly I’ve never had this kind of trouble explaining this concept to someone. My mother gets this.

Bottom line is that your lack of wealth is not because somebody else is hoarding wealth.

No it’s not, god it’s like talking to A four-year-old.

The wealth is infinite. There can’t be a shortage of it. Our capacity can be limited. Therefore when we’re talking about the real world that we live in it is dumb to talk about wealth as if there’s a shortage and it makes sense to discuss capacity to create wealth.

Can you just not smart enough to have this conversation I’m sorry. I’m trying my best here but you keep making statements that are absolutely asinine because you have fallen in love with this idea that somehow there’s this limited supply of wealth out there and someone’s hoarding it and that’s why you don’t have any. That’s just not how it works

That’s basic economics. Had you gone to a real school to study this stuff you might have realized it. Wealth is infinite, our capacity to generate it is limited. Your comment is no different than if somebody were to say there is a finite amount of kinetic energy in the universe. That’s just not how it works

I know the wealthy aren’t taking any resources from the rest of us. Wealthier in a position where they can create wealth at a higher and more effective rate. But interestingly enough that wealth creation actually benefits us and we make more than we would have as a result of it, not less

I’m afraid if you’re poor it’s your own damn fault you can’t blame it on anyone else. You have every bit as much of potential to increase your wealth and become extremely wealthy as anyone else and if that was your primary focus in life you could certainly do that. While it takes a lot of work it’s not terribly hard.

You have a fundamentally flawed view of what wealth is. Well isn’t a thing. It’s not like there’s a limited amount of wealthonium in the world and whoever holds it gets it and nobody else does. That’s not how it works.

Wealth is created through activity. Without the activity there is no wealth. Therefore the supply of wealth is endless, the problems usually come with limits or issues with the activity

So no, increasing wealth inequity is not the issue. The issue is that people are struggling harder and harder to be able to do enough activity that’s worth enough value to be able to get what they want. That’s true whether there are wealthy people or not

So the underlying issue is that the middle class and poor class aren’t able to create enough wealth to meet their needs and that has nothing to do with the wealthy. You don’t address that by worrying about what the wealthier doing, you address that by creating more opportunity for the middle class and the poor. And funny enough to do that you need the help of the wealthy which they are more than happy to give if they feel that it will be successful

Right now the tax burden and other burdens on the middle class prevent any disposable income or time that would allow for them to increase the value of their skills or begin to acquire assets and that is the problem. The wealthy are not excited about starting new businesses or educational opportunities that would fix this because they see the country as failing

And no reactionary politics does not follow from financial systems in the slightest.

I didn’t say whether or not it was a success I said it proved me right. Wealth inequality is something that people that don’t understand how money works talk about. Whether or not someone else is richer than you has nothing to do with how rich you are. It’s not a measure that has any particular value. Reactionary politics has nothing to do with our financial system that’s something else.

And most of that is a product of the last 12 years or so. And much of that problem was created by an imbalance between the growth of our population and our lack of ability to supply the needs of that population. As I have already pointed out with regards to housing, medicine, education, etc.

And that becomes a cycle or death spiral where are inability to supply leads to inflationary pressure and low wages which leads to our inability to supply etc

So bringing in low-wage people in any way shape or form make the economy stronger. At best it can mask weaknesses and cover them up for a short time until they kind of blow up in your face.

The last 40 years proves I’m right even more 😆😆😆

Sorry kid. Try reading a book instead of getting her education from Facebook. Demand exist in every economic model, capitalism addresses the supply sideit is that effort that makes things work. The ability to create products and services including ones that didn’t even exist before which creates new demand is what drives us. Demand is not what drives us immigrants don’t produce the supply necessary to meet the demand and that creates inflation and weakens the economy

Yes and no. It is a tool that must be wielded like a scalpel and not a hammer.

If done perfectly right it can be a big benefit. But it is extremely easy to do it wrong. And the problem is even if you set it up right at the beginning it tends to take a life of its own on and go off the rails in a relatively short. Of time.

But in principle I agree with you that there are benefits. Not only does it reduce costs to our universities by providing income but more importantly it can make a lot of foreign nationals very comfortable with the idea of doing business in Canada and allow for connections chips that will further our ability to do business in those countries in the future

But it’s just so easy for it to go wrong and when it goes wrong we run into real problems

No they are not. And as the reality of the situation proves that I’m right and you are wrong. So there you go

Carbon taxes don’t work at all. Well, in fairness I suppose I should have you at that. They don’t work to reduce emissions. In BC which was one of the first to adopt it and paid as much attention as possible to the results it was found that it slowed the growth of carbon emissions by about 5%, possibly as much as 10% although five is more likely.

It didn’t reduce anything though. It just meant that gross was a tiny bit slower. Carbon taxes don’t work

Us carpentry is not reducing emissions at all.

The Uk is phasing out coal because Cole’s not actually an efficient way to do things. But they’re not switching to a non-carbon model, they’re going for things like natural gas. And of course they cite carbon taxes as a big thing because the government wants to continue collecting carbon taxes. I’m sure it’s shocking to everyone that our government may want to try and justify why it’s taking your money 😂

I know, Sweden’s emissions would have been low either way. The carbon tax did not make that happen

And you’ll have a tough time finding anyone who doesn’t have a direct interest in promoting carbon taxes saying otherwise

This has been explained by a number of economic studies. The biggest problem is that energy expenditure is not elastic. The whole idea behind carbon taxes was that if it cost you more to buy gas you would drive less. Essentially. And it turned out that that wasn’t true. People still needed to drive and get to where they were going every bit as much as they used to. What they stopped doing was spending money on more discretionary things like going to the movies and it causes the economy to slow down but it doesn’t help emissions other than if you can’t afford to go to the movies at least you’re not driving there

So then it was hoped that if it didn’t change Behavior at least it might help change people’s buying decisions. Perhaps corporations and people would buy more electric vehicles?

But it turns out that for a variety of reasons about the same number of people by electric vehicles as would have either way. The actual driving force there is in carbon tax but rather subsidies. If you use subsidies to make an electric car cheaper than a gas car then people will buy the electric car and that’s pretty obvious. That would happen no matter what.

As far as carbon taxes on businesses go it doesn’t actually cause them to do much different at all. They’re always going to go with the most efficient system and pass the costs on to the consumer if necessary. So they don’t really buy anything that they wouldn’t have already bought even if there wasn’t a carbon tax, and if they have to stay with something where there’s a carbon tax they pass that on to the consumer and it’s the economy that suffers

Global warming hasn’t slowed down one tiny little bit as a result of carbon tax. It’s just smoking mirrors for governments to collect money

Market economies are not built on demand. If all you have is demand then you have a failed economy because you will have runaway inflation the vast majority won’t be able to afford the things they need

Which is precisely what’s happening in Canada. The housing market has exploded because there’s demand but not a sufficient supply. The strain on the medical systems is similar, demand increase faster than supply

Essentially you got it backwards. The magic in a market economy is the supply, and it is the nature of section economy that supply will appear to try and fill in demand. Loweskilled glow paid workers artificially ruin that dynamic and demand winds up outpacing supply with disastrous results

And their wages are too low because they’re not worth anything. The system operates on the concept of being paid a dollar for the creation of a dollar’s worth of value. To create higher value you need to have skills and abilities or assets which allow for that and that is exactly what is leaving Canada

You mean other than the ones you were already giving you sea lion? LOL

Either make a counter argument or admit that I’m right even if you don’t like it. This kind of nonsense just makes you look bad

Unfortunately being educated is not in and of itself a protection from that kind of thing. As is easily seen by a cursory examination of the statistics. Our talented people are leaving and that is a major problem and worse Now intelligent people are just using Canada as a stepping stone with the intent of leaving shortly after they get here because it’s easier to get into countries like America from Canada than it is from some of the countries they come from.

Either way we’re getting slaughtered

You could but not successfully 😁 Joking aside though there have been other instances of brain drains taking place in the past. I think to suggest that there’s been a consistent brain drain for that. Of time would be severely erroneous and there are definitely been times when we attracted people to Canada. But this is definitely one of the worst and we are seeing people leave for the record percent of them being exactly the kind of people we want to stay

And it shows up in a lot of stats. Our GDP per capita is horrible and that’s one of the reasons, our investments climate is cored, etc etc. We have to find a way to reverse that and quickly

The problem is the people leaving are the highly talented and valuable people economically speaking. The people that are staying are the low income low skill people who do not substantially increase our GDP per capita and in fact lower it

This is going to be more and more of a problem.

We wasted 11 years on ’ carbon taxes’ instead of learning to adapt or doing something that would have made a difference

I think they have to be careful. During these tough times it would not be difficult to lose the moral High ground and piss the public off.

But I think that they’re mentally revisiting 1999, where we had an outgoing NDP government and the union was able to negotiate a sweet deal because the NDP of the day was trying to win points to salvage their chances.

We will see but I don’t think this is the right time for anybody to be excessively unreasonable that’s for sure

In fact, it’s getting to the point where “I’m not optimistic” is actually a pretty optimistic position to take

Well it is possible that the supposed amount of profit is net rather than gross meaning that the costs of operation are taken from it. But you’re right that this is not clear

Missing from your calculation is the interest paid on the $30 billion or whatever it cost us. That money was borrowed and we pay interest on it every year. So when calculating the return on investment you have to add all of the interest costs to the cost of the project. Something that the liberals in the media tend to forget conveniently