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Fifty per cent feel frustrated, 47 per cent feel emotionally drained and 43 per cent feel depressed.
I have a hard time believing that the other half is totally fine. Perhaps they just normalized debt so they've become numb to it?
Other categories may include
“planning class warfare”, “gave up, now living under a bridge”,
Worthy life goals.
Aspirational, even.
EAT THE RICH! Tax the rich, if they resist seize their assets and drive them into poverty. There should be no billionaires.
Compared to the world they inflict on humanity en mass NOTHING you can do to a billionaire or their property is a crime.
They're rich on leverage, as their debts were inflated away, and their assets were bailed out. This is what loose monetary policy and bailouts leads to. Our Federal Government and the Bank of Canada are the ones ultimately causing it.
While I agree that there's an issue, I think just saying it's the federal government's fault is a bit unreasonable. It's all government's fault provincial, municipal federal caving to doner pressures and not doing what is best for most Canadians.
Beyond that it's an issue for most countries in the world right now since it's also a global issue.
Though the Feds can run large deficits to feed into the riches assets. Which the BoC buys the bonds to increase the money supply to avoid raising taxes to pay for it, like they're doing with mortgage bonds now to inflate home values.
https://www.bankofcanada.ca/2024/01/operational-details-government-purchases-canada-mortgage-bonds/
Fine by me, but much of the op-ed refers to the housing crisis.
The housing crisis has been brought on by middle class tax policy, a lack of public housing construction, NIMBYism, financialization of housing (significantly by the middle class, although REITs have been getting involved recently), poorly planned immigration/international student policies, and the decline of skilled/unskilled trades (probably related to education, minimum wage, and tax policy). You can also add shitty transit/city planning to that mix, if you're in to that kind of thing.
It would be fair to tax the rich more, and it would probably make sense to tax gainz on housing/real estate more aggressively. However, there is a massive failure of planning at all levels of Canadian government won't be solved through simple adjustments to personal taxation.
Well, if you gave me a bunch of a billionaire’s money I’d build a few places to live. 🤷♂️