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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The only way forward is to massively increase our GDP.
If only we had some natural resources we could sell....
Also, in terms of military spending, lets start with a $10b base in Churchill along with 5 icebreakers.