Mike's Daily Comment

When it comes to business groups and economists, quiet talk amongst themselves making the link between investment to future prosperity isn’t near enough in the face of mainstream political parties pushing anti-investment policies that will crush our competitiveness along with economic growth.

We’ve hit a 61 year low in capital investment and yet we still have some people lobbying to increase taxes and make Canada even less attractive for economic growth and job creation.

It doesn’t get better than this. Canada now has a Minister of Middle Class Prosperity but it reminds us of Ronald Reagan’s famous warning – the 9 most terrifying words in the English language – “we’re from the government and we’re here to help.”

If you only had $50 billion to spend fighting climate change – what would you do? After all, money is limited – so what would achieve the most dramatic decrease in emissions. Hint: it’s not electric car subsidies or killing the Trans Mountain expansion.

Governments’ Appetite For Money Hurts Affordability
Posted by Michael Campbell
on Wednesday, 27 November 2019 9:44
At some point the shoe will drop for those concerned about affordable housing that government is the problem, not the solution. A 9.3% increase in property tax and utilities for home owners just might do that.