Quote:
Originally Posted by Cowboy89
There isn't a good answer for Canada fiscally right now:
- Any election platform that doesn't have massive increased military spending immediately (IE not taking until 2030-2032 to reach 2% of GDP like we have committed to NATO) is making the assumption that Trump's annexation threat or tariff threats do not have any substance or implications long term
-The tariff threat has exposed that there needs to be strategic infrastructure spending or at least government backstop to help get our products to non-US markets ASAP - that's going to cost a pretty penny whether that's incentives to build pipelines to tidewater, LNG plants, creating infrastructure right of ways etc.
-The population continues to get older and health costs continue to escalate
On the revenue side, there aren't anymore pots of gold left to tax, especially at a time when our neighbor to the South is actively trying to poach our businesses and industries. We already tax people who can barely afford a house like they are rich (The median house costs the 95th percentile income and we tax that income at 50-65% on the margin depending on the jurisdiction).
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There are so many pots of gold left! Canada is insanely rich with resources. There's not much money in coal, but there's lots in titanium. There's a decent amount of money in crude oil, but tonnes in refined oil, if we can get it to a refinery. Etcetera Etcetera.
Canada just needs to realize that out emissions are about 0.2 percent of the global total. We just dont matter!
As long as we protect our clean water, we can really do whatever we want. I'd prefer that it's government owned as opposed to private, but that's just the communist in me.