Lefty Governments = High Taxes

Crazy public policies are acting like rocks on the tail of the Canadian economic bird.
Crazy public policies are acting like rocks on the tail of the Canadian economic bird.

“Meh,” probably isn’t a technical economics term.

Still, it pretty much sums up the Organization for Economic Co-operation and Development’s (OECD) forecast for Canada’s economy for at least the next couple of years.

Could be worse, could be way better. Mostly, it’ll be “meh.”

The Paris-based OECD (essentially the membership organization of the world’s developed countries) said Monday our GDP growth will be OK– not great, but not a recession, either. Employment growth will be slow, so will any rise in incomes, but at least unemployment shouldn’t increase and inflation won’t be out of control.

All-in-all, Canada’s economy will be, well, “meh.”

Why?

Taxes and regulations, but mostly taxes.

Since 2015, when the Liberals and New Democrats took over in Ottawa and Edmonton, respectively, federal and provincial taxes on individuals and corporations have sucked much life out of our economy, along with insane new environmental regulations that are scaring away foreign investment in our energy sector.

Yes, the OECD also points to uncertainty about NAFTA. So Trump haters can blame Donald Trump’s trade strategy a bit, too.

But in recent years, federal and provincial governments have raised taxes so much that Canada has become less competitive.

[…]

See Also:

(1) Trudeau’s carbon tax gambit has failed, but can he afford to actually admit that?

(2) Trudeau chose Blair to convince Canadians ‘everything is under control’

(3) Ontario demands $200-million from Ottawa to cover cost of resettling asylum seekers

(4) Canada ministers grilled on irregular migration from U.S.

(5) Canada’s Immigration Troubles and Justin Trudeau’s Tepid Response

(6) Global Solar Industry Goes up in Flames

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BTDT
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BTDT

The negative nation/cultural destroying aftereffects caused by this bunch of dangerous ‘diversity is our strength’ fools will be borne by future generations. My children, your children, our grand children. They will curse us for our stupidity for ever letting a single progressive nitwit ever get within a country mile of control of our borders let alone the keys to our treasury.

Hynd
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Hynd

Carbon taxes are a solution in search of a problem.