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Joined 7 months ago
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Cake day: February 14th, 2024

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  • I’m in the “somewhat support the measure”

    We do manufacture cars here. We are also building battery manufacturing infrastructure. We should be supporting local industry, because cars aren’t just one thing, they have complex supply chains that we should protect instead of finalizing the offshoring process.

    That being said, where the heck have North American car manufacturers been on this? Electric cars are priced as luxury cars here. A Chevy Volt is $41,500. A BYD Seagull would cost $15,000, with about the same range. It’s no wonder they’re shitting their pants.

    It’s not like BYD just showed up one day with a line of cars, where was Chevy’s research department the last decade?



  • I do think he deserves an earful.

    Since 2022 the party has entirely fallen apart.

    Life for the average Canadian has objectively gotten harder since then. The only group with net worth growth have been the top income quintile of the 45-55 age bracket. everyone else is poorer today than in 2022 when economic growth per household went flat.

    The flattening started with inflation, flattening in 2021Q4 when inflation started picking up, and declining in 2022Q1, which was months before interest rate hikes.

    Immigration policies were incredibly poorly considered, they listened way too hard to business insiders at the tail end of COVID trying to stave off a recession. The pendulum has swung too far and average people are looking at immigration as the obvious Boogeyman. And it’s easy to see why, with over 10,000 TFW fast food workers.

    We don’t have a per-capita recession, we have a class recession. The businesses are more profitable than ever, and Canadians are losing wealth faster than any time since 2008.

    They’ve failed to increase housing affordability, which is an issue I’ve been complaining about since 2018. The first time home buyer plans have all been ill conceived. The CMHC has let private insurance supplant it, which has increased the risk level of mortgages. We’ve only explored demand side solutions to housing.

    In a very real sense, the liberals since the 2021 election have been one of the worst governments in living memory.

    Prior to 2021 they were doing incredibly well, especially on NAFTA and the Trump presidency, where we honestly did need that centrist touch to keep Canada’s economic interests safe. Pandemic performance was better than most countries too.

    They’ve lost the plot though. The media message is bad, foreign influence from China, the US, Russia, and India are all problematic right now. The recent FBI bust of foreign funded influencers that spills into Canadian politics is evidence of that. The Conservatives are doing an excellent job stirring the pot and just yelling about how bad things are, and they’re not wrong, but I don’t see them doing the things we really need to fix it. Their current statement is they want an immigration system that works, with zero info on what that means. But nobody is asking how, they just know the current path isn’t working, the status quo is painful.

    Anyways, I’m frustrated. This election I truly don’t know who to vote for. The NDP might help, but Singh is a losing candidate and he just announced he’s going to run.

    I want to yell at Trudeau. I want to know why he’s going to run, and if he just plans to be a martyr for a post election shakeup. I want to know how they’ve been asleep at the wheel for the last 3 years. I want to know how they’ve failed to really listen, and when they expect things to get better for the 95% of Canadians who aren’t feeling good.

    God, the clock is running out, and at this point anything helpful they do will get credited to the CPC after the election anyways.




  • The government needs to step in and turn the CMHC into what it originally did: creating massive supply of cheap viable housing.

    I don’t think the evidence is supporting a pure free market on rentals is working. Markets need to serve a human need, and in this case they’re failing.

    Subsidies provide zero incentive, they just transfer public funds to REITs and investors.

    I would be in favour of adding steep taxes and fixing the amount profit delivered to investors through REITs, which would cap investor demand for them and favour a long tail of owners.

    Then they can give credits/exemptions for large buildings and new builds. And maybe introduce a home buyers plan where older buildings that REITs want out of can be purchased by the tenants with the government contributing a direct loan for the upfront costs, and having an accountant in the mix to ensure proper Strata funding after.

    I don’t know, it just feels like we haven’t tried much of anything here.


  • The industry says providing deeply affordable housing is not its job.

    “We’re not tasked with building deeply affordable or social housing. We can’t be there. We’re in business. Let’s draw a line between these two,” said Michael Brooks, president of Realpac, an organization that represents many of Canada’s biggest landlords, including Starlight.

    August says these landlords often like to buy older buildings, because it’s cheaper than new construction and the potential for profit is higher

    Cool, so if you’re not increasing supply then you’re failing your free market duty, and therefore need to be regulated out.

    We’re humans using market incentives in this country. If you aren’t delivering value to the humans you should get swept off the board.