this post was submitted on 08 Jul 2025
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That sounds like Keynesian ideology, which means investing in infrastructure. Which is not what we spent all that debt on.
What? Taxing the super wealthy?How does that sound like keynisean ideology???
I didn't even mention infrastructure in my comment so how did you get to that conclusion ???
Well spending money to grow requires the money be spent on infrastructure, if you're simply giving away money using borrowing then its obviously not going to have a yield greater than the input, and you'll be paying interest in perpetuity.
I'd like to add another comment to your reply.
As far as infrastructure spending goes, there is PLENTY of work to be done. There are so many BIG issues that need to be addressed in Canada.
Those are the ones that come to mind for now.
Well I'd say the issue with housing in Canada is zoning obviously, land values in our largest cities are far too high that government inserting themselves into the bureaucracy is silly. We need to break the sprawled zoning and force the municipals to lower the development taxes that have been increased thousands of percent and are being passed on to new home buyers. Greenbelt is another issue, as we have a lack of space to build and yet we want to continue to massively grow the population.
Mass transit would be great too if we actually built it, we are still the only country in the G7 without high speed rail. All we ever get is lip service on climate change, things like EV subsidies for the rich to consume more by replacing their 3 year old Lexus with a sports car, likely in order to artificially grow GDP so that the liberals have a better chance at winning elections.
I agree with a lot of what you're saying I just dont ever see those results, I see massive waste and plunder.
This is not going to work. You know what's going to happen? They'll remove the tax, and the prices will remain the same, and the housing promoters are going to pocket the difference. If people are already paying the insane high prices that we have now, why should they lower them if they can maximize their profits?
I don't understand what point you're trying to make here. Also this is very Toronto specific.
💯%
Well that's because we need to stop electing the Liberals or the Conservatives (who are basically the same party, fiscally speaking) and finally give the NDP a chance. Canada is a rich country. Except all the money's in the hands of an elite few and they have ways to avoid paying their fair fucking share while they reap all the benefits of our social services and infrastructure. Once we fix that, we'll be able to move ahead with these projects. It'll make Canada grow so much, too. The returns will be very big.
I still. don't see the link with having some normal debt levels and taking the super wealthy as a new source of revenue.