Private Sector companies go bankrupt employees get laid off, Government Goes Bankrupt Public Sector Workers Go On Strike Ontario public high school teachers and education support staff prepare for December 4 Strike – December 2, 2019,
For early reference, it should be noted that Public Sector teachers get paid via taxation, now personally I don’t like how Canada is government is structured, I’d actually prefer it if public education revolved around municipal laws and municipal taxation, sure property taxes go into paying for teachers, but a lot of municipal leaders openly lie because they can simply push all the blame on the Premier, who can then blame the Prime minister.
Canada isn’t exactly a warmongering country, I personally don’t understand why our government is structured the way it is. I’d prefer most taxes go to municipalities so when local Government officials make promises they can’t keep, the public can see incompetence up close for themselves, in our current system, Doug Ford in an attempt to prevent current students from being stricken with poverty from an early age via inflation taxes is trying to get government spending under control.
If you’re young and you’re wondering why rental and home prices are so high, no it’s not because of the Chinese or foreigners buying up property, it’s because of bad government policies, which often revolve around the appeasement of the public sector. There was a period in which the Canadian dollar was on the rise and should have remained high to prevent foreigners from buying up Canadian assets on the cheap, also in a free market system, deflation happens, deflation is like a liquidation sale at a store, prices drop to liquidation levels, things that were once assets become liabilities overnight and the property owners want to alleviate themselves of hoarding things that overnight become worthless.
Now during these times of devaluation new valuations are created by smarter people, usually younger people who find value or recreate value that was lost during a devaluation period. Market prices fluctuate, but during this process, some people, typically the Marxist variety use the deflation process as a means to promote big government ideas like “climate emergencies” or “social justice reform” s the government can artificially pump prices back up. All over Canada, the numbers aren’t making any sense and although on the surface everything seems fine, lying underneath is a huge government spending problem which the young will have to pay for via higher prices.
So I’m clear, prices are high in Canada because of Government intervention, if all of Canada took the Alberta approach to economics, consumers would be in much better circumstances, but public sector workers get paid higher wages than Private sector workers via the Bank of Canada printing money and Provincial and Federal Governments using taxpayer dollars to increase the size of the public sector workforce.
Canada hasn’t experienced hyper-inflation before, but Europe has and hyperinflation was caused primarily because of Private Sector spending, the Euro, was created, because most of Europe prior to devalued their currencies repeatedly, therefore the fiscally responsible countries like Switzerland and Germany had a dwindling consumer base because those consumers couldn’t afford made in Germany products, now the European Union exists and already Greece has defaulted and Italy is on life support, in talks of bringing back the Lira.
If Canada wasn’t bordered with the United States we’d be bankrupt a long time ago, however via our geographical location, ideas that have been debunked all over Europe and the world, like supply management as an example still flourish in Canada and this, of course, has brought with it a sense of entitlement amongst eastern Canada’s public sectors, who obviously assume the government has an unlimited supply of income. Personally I think Doug Ford is doing a decent job, with all the misinformation that exists in Ontario, it’s unlikely that a Libertarian candidate will ever be Premier of Ontario, so it’s only a matter of time before Eastern Canada’s public realizes that money doesn’t grow on trees.
Currently in Western Canada, there’s a growing sentiment that they don’t want to contribute to equalization payments, making matters worse are the Liberal and NDP climate change policies that are going to make Western Canada’s energy sectors less profitable, so once that money from energy begins to dry up, the money the Public Sector teachers are fighting for many be granted to them in deflated Canadian dollars, unless the U.S hires a socialist, there’s a very good chance that Canadian brain drain that already exists primarily because of Canada’s Leftist think tanks will continue to increase, especially amongst old stock Canadians males who function in the Private Sector. This tends to hit governments by surprise and it’s likely that if Western Canada begins to alleviate itself of equalization and other federal government redistribution schemes that the reality of eastern Canada’s bankruptcy will start to settle in. Good luck to the Ontario school teachers!
Interesting times ahead!