Canadian Government could Trigger a Productivity Depression in Canada: Businesses struggle to hire back workers getting CERB – May 29, 2020,
So, I’ve been on record stating that I have absolutely no problem with a Fiat monetary system, as long as my fiat dollars can buy real money like Gold or Silver or other bartering assets, I could care less what the government calls money, now if the government comes after my right to own property, well, that’s something completely different.
Currently, the Canadian government hasn’t been overtly going after my properties, in fact, because of government mismanagement my properties in fiat dollars continue to appreciate, but there’s a problem with fiat money that is slowly starting to show, that problem is the money in circulation doesn’t represent productivity levels and what this ultimately equates to is a problem collecting taxes, namely income taxes.
Now, the Canadian government could raise the price of regressive taxes, but when good money goes into hiding, it stays there until the money morons leave! CERB, in my opinion, wasn’t necessary for Canada, in regards to businesses, I personally thought it was a bad idea to take it, I’d lay off workers and let the government deal with the E.I claims, isn’t that what E.I was created for? Why would I as a business owner subject myself to more government regulations?
Now, when it comes to employees getting CERB, common sense would tell you that they’re not going to return to work if they don’t have to and even if they return to work, many employees are going to be praying that this coronavirus thing continues, so they don’t have to go back to work, so oddly enough whenever Justin Trudeau, the NDP folks or even the Conservatives makes an announcement that allows people to work without being fired, of course, people are going to take the government up on that offer, why shouldn’t they?
The morality you say? Is government redistribution of sums of money earned moral? Of course, not, there’s Youtube for Canadian mainstream media and Trudeau still bailed out the media? How could Canadian mainstream media not make a profit when they have access to the internet? and they own TV stations?
The mainstream media needed a bailout because their in the free market, they’re not adding any value, they’re not being productive, they’re not innovating anything, once Government starts rewarding people and entities for being unproductive by market standards, people will simply become unproductive.
So what’s happening in the Canadian market right now is deflation propped up by cheap money. Will this lead to inflation you ask? I’m not sure, it actually doesn’t really matter, because, in an environment like this, market productivity is the only thing that matters, now is probably one of the best times to be part of the proletariat who understands business.
It’s a shame a lot of people listened to Karl Marx, because humanity is entering into a period in which the individual productive business person, will have a lot more control than the people in the service sector. I know for many of you, you missed that, but if you have the skills, one day it’s going to smack you in the face, that you don’t need to work for anyone!
The government is in the way of progress, it’s just that there are so many Canadians who trust the government and this is going to cost them, because Universal Income will not create productivity, CERB is basically a preview of Universal Basic Income and in case you’re unaware, this is what destroyed Venezuela, there will be people who assume that their government money will make things better for them, sorry you’re wrong, the opposite is true, the government money you will receive will actually make you less productive, which means you will have nothing to barter in the market place.
This means the fewer income taxes are collected which obviously leads to the numbers showing a lack of productivity which then equates to a decline in the Canadian dollar as more people see for themselves that Canada can’t pay its bills without printing money.
Now, during this period, the world is forgiving, the marketplace is forgiving, but as the world reopens, for Canada’s sake, let’s hope that Canadians return to work because if they don’t domestically prices will rise a lot higher than they would have, had people not been incentivized by the Canadian government not work!
In the future, if you’re a real business person, during a pandemic, stop being “Captain save a fool” let the government solve the problem it created! The government would have to change if you business people simply laid off your workers, by taking government money, many of you put yourselves in a position to be blamed for problem Justin Trudeau created!
Interesting times ahead!