Barrhaven denizen

  • 16 Posts
  • 155 Comments
Joined 2 years ago
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Cake day: June 10th, 2023

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  • JohntoCanadaCanadian Tire outsourcing to India
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    11 days ago

    this has been happening for decades in Canadian and other western countries. Canada’s financial sector firms are a c-suite, reserve accounts at the BoC, and a giant pile of services purchased from the US, India, Colombia etc.

    The cancelled digital services tax was the lightest of scratches at the fixing the problems of trade in services.

    All the noise about resources and goods tarrifs? Trade in services is larger, and services are a vastly larger share of the non-trade economy.









  • there’s a big strategic hole in this article.

    The federal govt. spends first, taxes later. So spending isn’t constrained by taxes collected.

    The debt/deficit argument is ONLY used against social spending. When it comes to pro-capital spending, the argument vanishes. $40B for pipelines? $150B in military spending? $80B in annual subsidies to give big investors risk-free bonds to buy? These are also all deficit spending.

    Progessives should avoid reinforcing the debt/deficit spending myth, since it’s only used against progressive spending.




  • It didn’t cost “us” anything. Citizens aren’t respsible for the Fed govt’s spending, deficit, or debt. Private individuals and companies don’t pay it. Taxes never need to be raised to run surpluses to “pay off the debt”.

    The money spent on elections or anything else is received by private individuals and firms, and they go on to spend it on other things. Some of it is returned in taxes.

    If the govt were to run austere spending and high taxes, producing enough surpluses to pay off the debt…how much money would remain in private hands? ZERO!

    Something to keep in mind any time someone complains about how expensive elections or other useful govt spending is.





  • JohntoCanadaMark Carney's Economic Plan Released
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    7 months ago

    Totally agree about electoral reforms of most kinds.

    Sadly the NDP has drifted far from their socialist root, and doesn’t really talk about any kind of major reform to capitalism. They offer a lot of marginal policy change, but don’t talk about alternatives that would reverse the 50 year trend. When Mulcair was leader, h3me wanted to eliminate the federal deficit.


  • JohntoCanadaMark Carney's Economic Plan Released
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    7 months ago

    I think everyone can get behind interprovincial trade. Not much else that’s positive in there. Build pipelines faster, and double down on the fraud of carbon-capture. Nothing about any systemic changes that will help Canadians find housing or secure stable, increasing incomes. Nothing about shifting the share of economic growth from capital to workers. The inflation adjusted incomes of Canadians have be flat since the 1970s, and we are much less secure and have inferior services like health and education.


















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