Economy
Trudeau gov’t minister takes heat for saying Canadians who ‘can’t work’ should get free housing
Housing Minister Sean Fraser
From LifeSiteNews
Critics called Housing Minister Sean Fraser’s comments ‘full-on communism’ and ‘100% socialism.’
In a scenario akin to the former Soviet Union but not in free market-based Western nations such as Canada, Housing Minister Sean Fraser proclaimed that all Canadians who cannot work should be given free housing.
As per Blacklock’s Reporter, Fraser said recently to Canada’s Senate banking committee that “If you are an adult working in Canada you should be able to buy a home,” adding, “If you cannot work you should have a home too.”
“Government should work together to provide it to you. In a country as wealthy as Canada it is very difficult to accept that people go to sleep without a roof over their head. These problems are solvable,” he said.
Statistics Canada puts the number of unemployed Canadians at 1,229,400. Fraser claims that the government is the one who should solve this, and said, “I do not feel that I have solved the national housing crisis if I am in a city going to an appointment for work and there are people living on the street.”
“We have solved the crisis if we are able to provide affordable rent at the price people are paying right now, and if you are working in a job you can afford to get into the market if that is what works for you,” he added.
Fraser’s comments were immediately blasted as being akin to trying to bring communism to Canada.
“Full-on communism,” wrote Rebel News head Ezra Levant on X (formerly Twitter) on Monday.
One X user, Michelle Phillips, said the issue with homelessness often is that “many of these people CHOOSE not who work.”
“They CAN work but CHOOSE not to. Providing anything for people who don’t want to help themselves or work toward their own future is 100% socialism and Canada is supposed to be a democratic country,” she wrote on X (formerly Twitter).
The reality in Canada today is that mass immigration combined with high interest rates, along with speculative foreign buyers of properties in cities such as Vancouver and Toronto have made housing unfordable for Canadian citizens, as noted by People’s Party of Canada (PPC) leader Maxime Bernier.
According to a Canada Mortgage and Housing Commission report, making homes “affordable” again in Canada would cost $1 trillion, an amount that chief economist Bob Dugan said is “a staggering sum of money.”
Bernier’s PPC says that to solve Canada’s housing crisis, what needs to happen is a “substantial” reduction in “immigration quotas, from about 500k planned by the Liberal government for 2025, down to 100k-150k per year.”
“This will help reduce demand for housing and cool down these markets, especially in the large cities where most immigrants settle,” the PPC leader says.
In 2019, the Trudeau Liberals enshrined “a right to adequate housing” in federal law with the National Housing Strategy Act. Despite this, many have blamed the Liberals’ overspending and inflation-causing measures as making it so that average Canadians cannot buy a home.
Other Liberal ideas with communistic overtones currently in the works include one before the Senate around a “a national framework for a guaranteed livable basic income.”
On October 17, the Canadian Senate’s national finance committee began examining Bill S-233, which would mandate that the Minister of Finance develop a national system to provide “guaranteed livable basic income” to everyone in Canada over age 17.
Jack Fonseca, political operations director for Campaign Life Coalition, told LifeSiteNews that the Trudeau’s communistic or socialist leaning policies are “yet another move by our two socialist parties, the Liberals and NDP, to try to gradually transform Canada into a communist country by making most of the population dependent on government handouts and eliminating the middle class.”
“The truth is that a universal basic income would result in huge numbers of Canadians never wanting to work again,” he warned.
Economy
Ottawa’s new ‘climate disclosures’ another investment killer
From the Fraser Institute
By Matthew Lau
The Trudeau government has demonstrated consistently that its policies—including higher capital gains taxes and a hostile regulatory environment—are entirely at odds with what investors want to see. Corporate head offices are fleeing Canada and business investment has declined significantly since the Trudeau Liberals came to power.
According to the Trudeau government’s emissions reduction plan, “putting a price on pollution is widely recognized as the most efficient means to reduce greenhouse gas emissions.” Fair enough, but a reasonable person might wonder why the same politicians who insist a price mechanism (i.e. carbon tax) is the most efficient policy recently announced relatively inefficient measures such “sustainable investment guidelines” and “mandatory climate disclosures” for large private companies.
The government claims that imposing mandatory climate disclosures will “attract more private capital into Canada’s largest corporations and ensure Canadian businesses can continue to effectively compete as the world races towards net-zero.” That is nonsense. How would politicians Ottawa know better than business owners about how their businesses should attract capital? If making climate disclosures were a good way to help businesses attract capital, the businesses that want to attract capital would make such disclosures voluntarily. There would be no need for a government mandate.
The government has not yet launched the regulatory process for the climate disclosures, so we don’t know exactly how onerous it will be, but one thing is for sure—the disclosures will be expensive and unnecessary, imposing useless costs onto businesses and investors without any measurable benefit, further discouraging investment in Canada. Again, if the disclosures were useful and worthwhile to investors, businesses seeking to attract investment would make them voluntarily.
Even the government’s own announcement casts doubt that increasing business investment is the likely outcome of mandatory climate disclosures. While the government says it’s “sending a clear signal to corporate boards and shareholders, at home and around the world, that Canada is their trusted partner for putting private capital to work in the race to net-zero,” most investors are not looking to put private capital to work to combat climate change. Most investors want to put their capital to work to earn a good financial return, after adjusting for the risk of the investment.
This latest announcement should come as no surprise. The Trudeau government has demonstrated consistently that its policies—including higher capital gains taxes and a hostile regulatory environment—are entirely at odds with what investors want to see. Corporate head offices are fleeing Canada and business investment has declined significantly since the Trudeau Liberals came to power. Capital per worker in Canada is declining due to weak business investment since 2015, and new capital per-Canadian worker in 2024 is barely half of what it is in the United States.
It’s also fair to ask, in the face of these onerous polices—where are the environmental benefits? The government says its climate disclosures are needed for Canada to progress to net-zero emissions and “uphold the Paris climate target of limiting global warming to 1.5°C above pre-industrial levels,” but its net-zero targets are neither feasible nor realistic and the economics literature does not support the 1.5 degrees target.
Finally, when announcing the new climate disclosures, Trudeau Environment Minister Steven Guilbeault said they are an important stepping stone to a cleaner economy, which is a “major economic opportunity.” Yet even the Canada Energy Regulator (a federal agency) projects net-zero policies would reduce real GDP per capita, increase inflation of consumer prices and reduce residential space (in other words, reduce living standards).
A major economic opportunity that will increase business investment? Surely not—mandatory climate disclosures will only further reduce our standard of living and impose useless costs onto business and investors, with the sure effect of reducing investment.
Author:
Business
Premiers fight to lower gas taxes as Trudeau hikes pump costs
From the Canadian Taxpayers Federation
By Jay Goldberg
Thirty-nine hundred dollars – that’s how much the typical two-car Ontario family is spending on gas taxes at the pump this year.
You read that right. That’s not the overall fuel bill. That’s just taxes.
Prime Minister Justin Trudeau keeps increasing your gas bill, while Premier Doug Ford is lowering it.
Ford’s latest gas tax cut extension is music to taxpayers’ ears. Ford’s 6.4 cent per litre gas tax cut, temporarily introduced in July 2022, is here to stay until at least next June.
Because of the cut, a two-car family has saved more than $1,000 so far. And that’s welcome news for Ontario taxpayers, because Trudeau is planning yet another carbon tax hike next April.
Trudeau has raised the overall tax burden at the pumps every April for the past five years. Next spring, he plans to raise gas taxes by another three cents per litre, bringing the overall gas tax burden for Ontarians to almost 60 cents per litre.
While Trudeau keeps hiking costs for taxpayers at the pumps, premiers of all stripes have been stepping up to the plate to blunt the impact of his punitive carbon tax.
Obviously, Ford has stepped up to the plate and has lowered gas taxes. But he’s not alone.
In Manitoba, NDP Premier Wab Kinew fully suspended the province’s 14 cent per litre gas tax for a year. And in Newfoundland, Liberal Premier Andrew Furey cut the gas tax by 8.05 cents per litre for nearly two-and-a-half years.
It’s a tale of two approaches: the Trudeau government keeps making life more expensive at the pumps, while premiers of all stripes are fighting to get costs down.
Families still have to get to work, get the kids to school and make it to hockey practice. And they can’t afford increasingly high gas taxes. Common sense premiers seem to get it, while Ottawa has its head in the clouds.
When Ford announced his gas tax cut extension, he took aim at the Liberal carbon tax mandated by the Trudeau government in Ottawa.
Ford noted the carbon tax is set to rise to 20.9 cents per litre next April, “bumping up the cost of everything once again and it’s absolutely ridiculous.”
“Our government will always fight against it,” Ford said.
But there’s some good news for taxpayers: reprieve may be on the horizon.
Federal Conservative leader Pierre Poilievre’s promises to axe the carbon tax as soon as he takes office.
With a federal election scheduled for next fall, the federal carbon tax’s days may very well be numbered.
Scrapping the carbon tax would make a huge difference in the lives of everyday Canadians.
Right now, the carbon tax costs 17.6 cents per litre. For a family filling up two cars once a week, that’s nearly $24 a week in carbon taxes at the pump.
Scrapping the carbon tax could save families more than $1,200 a year at the pumps. Plus, there would be savings on the cost of home heating, food, and virtually everything else.
While the Trudeau government likes to argue that the carbon tax rebates make up for all these additional costs, the Parliamentary Budget Officer says it’s not so.
The PBO has shown that the typical Ontario family will lose nearly $400 this year due to the carbon tax, even after the rebates.
That’s why premiers like Ford, Kinew and Furey have stepped up to the plate.
Canadians pay far too much at the pumps in taxes. While Trudeau hikes the carbon tax year after year, provincial leaders like Ford are keeping costs down and delivering meaningful relief for struggling families.
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