The Truth About Ontario’s Debt Crisis. Prepare Yourself.
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Published on Jun 3, 2018, Stefan Molyneux details what’s going on economically in Ontario Canada. I appreciate Stefan Molyneux taking the time to explain to his listeners what’s going on in Ontario Canada. For the most part, based on my research Canadians have absolutely no idea how bad our situation really is. No mainstream media is making Ontario Canada’s debt crisis an issue, currently, Canada is involved in a trade war with the United States and the Canadian federal government is promising subsidiaries, Hamilton Ontario is known in Canada as Steel town if those private sector jobs disappear and are replaced with government service sector jobs it’s game over.
In California, it’s important to understand that at the very least a lot of billionaires reside or call Califonia home, Ontario Canada, on the other hand, is creating more and more disincentive to move here. As it stands now Doug Ford is projected to win the Ontario election, but for me, that’s not the point. The sad truth is that it’s projected that the NDP will come in a close second to Doug Ford and the potential of the NDP and the Liberal party to form a coalition government is very real.
What a coalition government will do is make Doug Ford’s job 10 times more difficult than it otherwise might be. One thing I like about Doug Ford is that he hasn’t made any promises. The Liberals and NDP have been hammering on Doug Ford to make promises but I’m thankful he hasn’t. Why would I say that you ask? Because I’m hopeful Doug Ford will fire are not renew the contracts of many of these government workers. Many of them are doing nothing, and to help the Ontarian economy and the simply trying to find more ways to collect more taxes from already heavily taxed Ontario population.
With that said there’s also the possibility that an economic crash might happen on Doug Ford’s watch. Now, what’s important to understand in Ontario is that an economic crash may actually come in the form of a hyperinflation scenario. Maybe all your food in Ontario goes up by a dollar, maybe 180.0 cents/litre gas simply becomes the accepted norm and maybe your wage growth remains stagnant for the next 5-10 more years.
On the flipside if I want I want to happen does happen is a deflationary economic downturn occurs. What happens in a deflationary downturn is banks and debtors take the hit and the government is forced to open up the Ontario market for investment to prevent current businesses from leaving. The painful side of a deflationary crash is the people dependent on the government to survive. This would be the wake-up call they need when those welfare checks don’t arrive and they realize that feeding on the unborn is satanic.
Corporate welfare exists because people want something for nothing, so whenever these Liberal politicians make promises to give you free stuff what you’re actually receiving is money that children who haven’t even been born yet will have to pay for. I’m thankful for Stefan Molyneux for pointing this stuff out because like I’ve stated several times, I genuinely don’t think Ontarians, Canadians know how bad things are getting. Many of our children are being educated, getting college degrees in fields that won’t make them any money, what’s worse is they’re not being taught how to be entrepreneurs which to me explains why they would vote Left in a time when Canada should be an economic powerhouse.
What most Canadians don’t understand is that the fewer taxes they pay and the more entrepreneurs they produce the better their quality of life will be. The poor actually benefit the most when Canada has a vibrant private sector and what’s preventing the private sector from flourishing in Ontario is the government. Recently in 2018, Kathlynne Wynne raised the minimum wages, well guess what a lot of Canadians were making more than minimum wages anyway, but what this minimum wage in Ontario did was it caused certain jobs never to be created. Recently Nine West(shoe company) decided to close its doors
In the real world, there are only trade-offs, the easy answers come through volunteerism and not through force. As long as the Ontarians vote to grow the government things will get progressively worse.
Intersting times ahead.