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May LeGrys's avatar

Remember that most of the world has a housing affordability crisis, a healthcare crisis as populations age and the productivity crisis is deceptive. It's that automation has taken over jobs while productivity increased. This kept the profits from being spread out.

We DO have a greed problem with the corporations and uber-wealthy.

Carney will have the toughest balancing act in history.

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Kathleen's avatar

Excellent observations! Canada shares similar issues with most countries and mostly for the same reasons - as you have mentioned. It will be a challenge for Carney, but I anticipate his global economic smarts will be a guide. Policy can change the economic landscape to even out peaks & valleys to a more even playing field.

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Kathleen's avatar

I think Carney is up to this challenge.

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Neil Thomson's avatar

Canada does not have the influence to change that money increasingly is funneled to the 1%

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May LeGrys's avatar

That's true but perhaps tweaking a few rules could still allow the greedy money-addicts to make their money but require a tiny bit less net profit.

Closing tax loopholes, less subsidies?

A bit like how tariff money coming in will be funnelled back to the businesses affected.

They're too powerful to outright tick them off but then we have examples like Costco, who can pay well, give benefits, pay taxes AND make giant profits.

Canadians are just learning how to speak with our wallets but we need to deal with chump first. After he's gone, (if..ЁЯШм), we can start focusing on our own oligarchs.

A good start is making sure Unions for private corporations have their numbers alongside the news that screams about things like "7% raise!". The news ignores the company's 40% increase in profits.

Both numbers need to be shown.

Carney also understands how management structure is often arranged to send money out of Canada before taxes so it doesn't look like income.

He can't PO big business too much but has to keep to his ethics of fairness and environmental concerns.

Sorry for the long meandering thoughts, lol

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