Cost of Living Guaranteed To Spike for Canadians: The Liberal government tabled Bill C-12, their net zero’ emissions plans – November 20, 2020,
Of course, it shouldn’t feel obvious to you by now, with CERB, Mortgage deferrals, and COVID-19 lockdowns on the surface things appear to be normal, the economy is an afterthought and the health of Canadians is a top priority. In the minds of Socialists and Keynesians, there appears to be the brief that our governments can no wrong with the economy.
Every economic decision is a good one by the governments, the costs don’t matter and how we pay for these creative central planned ideas doesn’t matter either, the central planners have found the keys to prosperity and we’re lucky enough to go along for the ride.
As anyone can see, Joe Biden is not good for the global economy, the markets are already beginning to price in the falling Canadian dollar and a lot of people are seeing currency wars brewing. Debt-to-GDP is a deceptive number because often savings rates aren’t included in the Debt-To-GDP numbers, Canadian households are in record numbers of debt so even if you like this push to clean energy, please understand the cost involved as well as clean energies inability to produce the revenue fossil fuels produce.
The government is known for malinvestment and Bill C-12 adds additional costs onto Canada’s private sector while at the same time grows the size and influence of the Government on Canadian society. If you believe this is sustainable or that ends justify the means that’s fine, I just hope you’re willing and able to pay for it, because the cost of living will be going up!
Interesting times ahead!