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Young Canadians flock to TikTok to thank 'Daddy Trudeau' for CERB spending sprees

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    #25
    Originally posted by Austrian Economics View Post
    Good luck weaning anyone off these CERB payments. The push for some sort of "basic income" whereby half the population literally lives at the expense of the other half, is gaining serious momentum.

    Thanks to the willingness of governments at all levels to borrow even more gigantic sums than previously, reckoning with the true cost of the shutdown has been temporarily pushed into the future.

    If governments had any sense, they would have addressed Covid by diverting spending from existing programs, slashing non-Covid budgets and employment, and raising taxes to make people realize the true cost immediately. Had they done this, I think people would have had a much different reaction than they presently do. They would not be viewing this crisis as some sort of win-win proposition, when it clearly is not.
    Your plan makes far too much sense.

    Besides which, that's a sure way to lose the next election...

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      #26
      Originally posted by Blaithin View Post
      Way to miss half of a sentence Jazz...

      .
      We have an EI problem in many industries especially fisheries but I am more apt to give a pass to an industry that contributes 10% of our GDP.

      If Canada truly unleashed its economic potential especially in resources and if those industries got 1% of the attention those WE scammers got there would be no EI problem. But that would mean weakening the TOM power structure and we can't have that.

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        #27
        Cutting government spending in a recession frees up capital for deployment into industries for which there is actual consumer demand. What we typically call stimulus today is not the creation of newfound wealth that did not previously exist, but simply the consumption of already existing capital. In other words, we are eating the seed corn of the economy. Once eaten, it is no longer available for its proper role in increasing the division of labor.

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          #28
          Originally posted by Blaithin View Post
          Way to miss half of a sentence Jazz...

          I have lived with over a 45% drop in income. It wasn’t fun, it wasn’t easy, it was for short term because I did what most people do and worked my way towards better jobs with higher wages.

          According to you it would have been better for me to sit at home and live off EI instead as that would have been only a 40% drop.

          Most of Alberta’s problems right now in regards to debt load are that a large portion of the population based their lives on extorted oil industry wages and the OT they got at those jobs. Now those jobs are gone, the OT is gone, they struggle to make their absurd payments on even their government EI cheque’s so why would they want to come work like the rest of us at lower wages?

          People choosing to sit at home to make more money from government cheque’s than they would doing actual jobs is the same, be it through CERB or EI or any other program.
          I would agree Blathin
          We lost our azz in 2000, 2001 and 2002 then froze out in 2004 .
          I lived on SFA for 5 years , I made it so did most , But not all neighbours. We lived without for a long time . But it made us much more lean as a farm and taught us to think way outside the box to succeed.
          Many now just cry and hold their hands out if they drop even 10% off their “incomes”

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            #29
            I can guarantee the following statement.....if farmers were given money in 75 percent of the cases they would still be busy doing something productive on their farms...that would be a good investment in the economy when you think about recent announcements about what has kept the railways with something to move.

            Comment


              #30
              Originally posted by wiseguy
              If justine would throw a few million out here I would consider bein his buddy !
              Wannabe irrigation farmers are being given one miiiillliiioon dollars per quarter by Scotty Moe ....meanwhile dryland farmers are told there are programs in place if you are flooded or drought out....

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                #31
                Originally posted by wiseguy
                If justine would throw a few million out here I would consider bein his buddy !
                Don’t be a Tweety lol

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