this post was submitted on 21 Jun 2025
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Canada has had the worst per capita GDP growth in the 38 countries of the OECD losing to inflation since 2015, and some people think that could hurt people via defunding our social safety net and basic infrastructure, including the tens of billions that go to indigenous people. I dont think its so simple as you make it out, and more of the same would be a death knell for Canada.
One way to help the Canadian economy would to just tax the hell out of the ultra wealthy. Not the middle class, not even the wealthy class ... just the ultra wealthy and break their strangle hold on everything.
The tax revenue from that would be more than enough to offset any losses. But what do I know, everyone just continuously believes that if we just let rich corporations, investment bankers and the ultra wealthy do as they please without control, that all that wealth will save Canada.
Canada actually has a problem with productivity investment, likely because we have too high of taxes, and due to capital shallowing due to our mass immigration.
https://www.bankofcanada.ca/2024/03/productivity-problem/