Far-Left Olivia Chow is Officially Toronto’s Mayor: Promising voters Free Stuff while driving up Government operating Expenses appears to be Chow’s Spending Plan (Let’s Talk about the CMHC) – June 26, 2023,
So Far Left Olivia Chow ran what I consider to be a “Joe Biden” campaign to become Toronto’s mayor. She was the most known political figure in the Toronto mayoral race, and because it was a snap byelection, she had EXISTING supporters who already knew who they were going to vote for, so Olivia Chow and her staff wisely, ran a “Joe Biden basement campaign.”
In the 2020 election Donald Trump appeared to be all over America campaigning, whereas Joe Biden was nowhere to be found, but… Joe Biden was known for his connections to the beloved Barack Obama and that was enough to win Joe Biden the presidency, well in the case of Olivia Chow, she was known as the WIFE of the late Jack Layton.
Whether you liked or disliked Jack Layton’s politics, he was a very nice man, and his perceived kindness made him a beloved political figure in Toronto. Let’s call it for what it is, most Torontonians know ZILCH about BASIC economics, and they imagine politics the way a child imagines Hollywood.
The assumption by folks who don’t comprehend basic economics and basic finance is that politicians are just sorta, kinda, just there, and no matter who the mayor is the end results will be the same, so why not give Olivia Chow a try?
Well, one simply needs to look at Olivia Chow’s housing policy to know what’s coming.
Chow’s campaign is headlined by a pledge to get the city back into social housing development and an annual $100-million investment in a program to purchase affordable homes and transfer them to non-profits and land trusts, part of a larger pledge to crack down on so-called renovictions.
Hmmm, why do most politicians abandon social housing development? Canada is ripe with far left mayors, many of whom stay FAR AWAY from social housing development, but why?
Well, some basic education, building an apartment is not as easy as it sounds, I always like to talk about ELEVATORS and other maintenance-related expenses that go into GOVERNMENT housing. If you’ve ever been to a Toronto project, you’d be shocked to see how “temporarily” clean these projects can be at any given time and how dirty they can become soon after.
Government workers and contract workers do a good job cleaning government housing projects, but you see the residents and their friends, work twice as hard destroying the housing project overnight.
I’m not even talking about electrical and plumbing and all the other madness that goes into housing the “poor.” But these UNIONIZED government workers and these government contract workers, will as an example consume $100 million dollars a lot faster than you think, and there’s NOTHING any politician can do about it.
In private housing developments, the PRIVATE owners are INCENTIVIZED to prevent problems before they arise and these competent landlords are likely to be UNDER ATTACK BY Olivia Chow FOR BEING SO EFFICIENT AND RESOURCEFUL.
You see in the land of the FAR-LEFT their belief is that the government should PUNISH you for finding ways to be profitable and/or SOLVENT. Let’s say you’re a Far-Left supporter who wants rent controls, well, you better believe Olivia Chow is going to deliver, but you see if Olivia Chow delivers on rent controls, she’ll likely observe that few private sector participants want to assist her in her reshaping of Toronto’s housing.
With the NDP, they love to RAISE TAXES, one of the reasons housing is so expensive in Vancouver is because the NDP has taxes for all sorts of things, British Colombia has so many different taxes, and taxes things to death you’d assume would lose support but the opposite happens, higher taxes attracts a parasitic class of voters.
In California as an example, a lot of the people that now call California home moved there and even became homeless there because they heard about the Cali government redistribution schemes. Vancouver has great weather compared to the rest of Canada, why not move there if the politicians keep promising to reward drug abuse and bad personal economic and financial behavior?
A lot of the homeless population in Vancouver were not born there, they actually MOVED there because of the NDP government. If I’m a welfare shopper and I get free government housing via Olivia Chow, sell me on why I should ever leave Toronto and why I should ever vote for anyone competent.
When someone like Olivia Chow becomes mayor of your city, NOW is the time to get yourself financially educated, because you can’t assume that Toronto will get better. In most major U.S. cities the city dwellers overwhelmingly vote Democrat.
Whenever Left Wingers quote stats that show U.S States with Republican governors have the highest crime rates, you’d be wise to research what cities most of these crimes are occurring in and if the mayor of those VIOLENT cities are DEMOCRATS!
Doug Ford recently congratulated Olivia Chow, pretty sure he’s glad he gave Munipalities more power because now Olivia Chow will have less to BLAME Ford about. Of course with the Far-Left, reality doesn’t matter, only rhetoric, so again this is where financial education will come in handy, because as is the case with Justin Trudeau, expect a lot of propaganda coming from Olivia Chow’s camp as to why everything she does will likely be a failure.
People who want free crap from the government, would rather the general population remain ignorant about the facts, so it will be your job to make sure that you understand what’s going on with Toronto’s finances.
Don’t assume higher taxes, equate to government efficiency, a lot of government jobs, a lot of government contracts are reliant on the government being INEFFICIENT, meaning that don’t be surprised when the Olivia Chow pledge to spend $100 million dollars a year on housing balloons to $500 million dollars for a fraction of the social housing developments she promised voters.
Now, why did mention CMHC in the headline of this post? Well, because the DEMAND for CMHC to get into the mortgage insurance business, was the result of Municipal voters fighting for rent controls and other destructive, and EXPENSIVE housing development regulations.
CMHC made a problem worse, and the assumption by most Federal, and municipal voters is that the FEDERAL government should fix this problem, NO, this is a democracy and if Toronto as an example has voters dumb enough to vote for someone like Olivia Chow, those voters should suffer the consequences of their actions.
Although not perfect I like that Doug Ford has given municipalities more power because idiot voters need to be held responsible for their stupidity. Canada is still a relatively new nation and certain areas of Canada, like Alberta, although not perfect have gotten certain things about housing right.
We can’t forget that Alberta also has its own far-left voter base, many of whom reside in major cities.
I am for municipalities having more say so in their development, the idiot municipal voters should NEVER be bailed out by the Federal Government, the idiot municipal voters should be forced to deal with their stupid voting patterns.
Olivia Chow didn’t even have to lie, she said very little and won because of popularity, which is HILARIOUS when you think about it. This is how stupid the voters in Canada’s largest city are. So let’s give Olivia Chow a try and see what happens, but I hope you see why, the Canada Mortgage and Housing Corporation (CMHC) was created.
It was a federal solution to the stupidity caused by municipal voters. In my opinion, Olivia Chow is a reflection of how stupid a large chunk of Toronto voters are. But let’s give her the benefit of the doubt.
Interesting times ahead!