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| 2025-03-04 | 0 |
Inflation will rise at Canada. Be more wise
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| 2023-12-30 | 4 |
As someone who moved Canada 3.5 years ago, I agree with all the reasons mentioned. There are many things government could have done better to fight against the inflation, housing crisis, high cost of living and rise in crime and homelessness. I don't even want to mention about the taxes. Like I am almost giving half of my salary to the government yet they are still taking %13 more on what we spend on, yet I've never seen a single place where that money was used to address any of these problems. One of the reasons I moved to Canada was to have a better life style, more buying power and better future for my future kids. But at this point I feel like I am living in a zombie land. High skilled workers will have some other opportunities elsewhere but refugees and low skilled workers will be stuck in Canada and it will get only worse with the current policies.
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| 2023-05-02 | 0 |
I think this video is good overall, but downplays the potential severity of our housing crisis. It's not just a problem for renters. Rapid expansion in finance and real estate are only a good thing if they are backed up by real growth, otherwise it's just a bubble that puts the entire national economy at risk. In Canada, it's got many characteristics of a bubble that will crash during an interest rate rise or economic crisis.\n\nAlso income inequality is not the whole story. Wealth inequality has been rising rapidly in Canada and is made worse by rapidly rising rents and inflation. Owning a home outright or with a smaller mortgage means spending less of your income on housing in Canada's current system, so even at the same income level homeowners are dramatically better off than renters and renters have noticed. It's one thing to point at some graphs of the Gini index and say inequality isn't that bad, but that's not good enough when regular people see homeowners buying fancy cars and taking lavish vacations while renters scrape by.\n\nFurthermore, you pretty much ignored the demographic concerns in Canada. We have an aging population, which means we either need high immigration that worsens the housing crisis or higher taxes to pay for growing healthcare and pension costs. Neither option is good and both paths lead to increases political and economic instability. Demographics is one of the main reasons the OECD has a poor outlook on growth in the long term.
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