Cut Some Regulations: Economic recovery for Canada requires speedy foreign investment review, some domestic regulations cuts would help also – July 30, 2020,

There’s only one tax I personally believe in and it’s a tariff tax, as a man of faith, it’s my personal belief that ‘idleness is the devils’ playground’. Currently, the Prime Minister of Canada is involved in a WE charity scandal that involves employing Canada’s young people during the summer.

Now, one of the main reasons this concept of paying a charity to hire Canadians even exists in Canada is because of the minimum wage laws and other regulations that prevent employers from hiring young people. Hiring a young person in Canada can be considered exploitation of the young if your hiring practices cross paths with regulatory government referees.

Furthermore, liability lawsuits and other regulations to the Canadian economy make hiring entry-level workers extremely hard. This Liberal culture Canada has built over the decades has caused a brain drain. Every time I read about Americans talking about replacing the global dollar standard with something else, I personally have no idea what they’re talking about.

Sure the U.S dollar next to an ounce of Gold is depreciation, but there are so many Western and Asian countries dependant on regressive taxation and regulations to keep their economies afloat, that I don’t see replacing the U.S dollar as anything worth discussing at this time.

I think even if government people attempted to replace the U.S dollar standard with something else, as long as the Democrat Party didn’t destroy the U.S economy, it’s unlikely it would work. People flock to the U.S dollar because of property rights. When it comes to property ownership in the United States people feel a sense of liquidity with U.S dollars, whereas, in other parts of the world, Canada included, there appears to be a blatant attempt to devalue their currency, to avoid austerity measures.

A countries inability to enact austerity measures is a sign that the economic bottom or the minimum wage equates to a bailout happening first before an economy crashes and this, of course, signals DOMESTIC PRICE INFLATION. No, problem enacting or preventing domestic price inflation in government-protected industries, but the private sector owned by Canadians who actually live here, when you drive up the cost of doing business for these groups, you drive them out of business thus becoming more reliant on foreign capital.

This is part of the reason I hate the mere concept of CMHC, because this government-owned crown corporation has been one of the main drivers along with the Bank of Canada for creating asset price inflation all over Canada which serves as a job killer growth destroyer is several different ways,

A lot of builders of our homes and condos don’t even live in Canada, they don’t pay taxes here, a lot of the financing that goes into the development of Canada’s infrastructure isn’t Canadian based, why? Because we’ve incentivized foreign investment over local investment. The minimum wage law as an example its Canada in a race to the bottom scenario in that other countries can devalue their currency to steal our jobs.

Our current tariff system is useless against other countries taking our jobs away because we have a minimum wage. A minimum wage serves as a domestic job killer next t a country that devalues its currency and as fewer regulations. The article below calls for speedy foreign investment review. Sure I’m all for that, but how about cutting regulations first.

With all the other environmental regulations, do we really need a carbon tax now? The entitlement culture in Canada needs serious reform!

Recovery requires speedy foreign investment review | financialpost.com

Interesting times ahead!