As a Canadian I’m proud of my fellow countrymen for helping and accepting refugees. Although most arrive here with nothing, studies have shown they benefit our society in the long run. They contribute massively to our economy and enrich our culture. They overcome daunting obstacles and become productive members of society, and they make Canada a better, fairer and more inclusive place

I hope they can use part of those tax revenues to fix our healthcare.

Canada is no longer a shining first world example of success (if it ever was). We used to boast about how great our healthcare system was, but it’s had serious problems for years and those problems just keep getting worse. If I were a tech immigrant looking to move to a rich country I don’t think I would choose Canada at the moment.

I don’t know about Canadian news but Google has blocked bard (their AI chatbot competitor to ChatGPT). Not sure if it’s related to this but Canada is one of the few countries worldwide (along with the likes of Iran and China) where bard is not available.

High inflation is worse for workers than high interest rates since wage hikes always lag price rises. This round of inflation was brought to us by poor economic decisions … pumping billions of dollars into the economy without raising taxes, as well as the Ukraine war. It wasn’t caused by corporate greed, as some claim. The BoC is doing absolutely the right thing. If they don’t raise rates now they only kick the can down the road when the pain would be far worse.

“Vested interests create “checks and balances” primarily to make political systems non-responsive to demands for social reform.”.

It is thanks to checks and balances that we don’t currently have a dictator Trump running this country. Anyone who thinks checks and balances are a bad idea need only take a cursory glance at the world over the past few years to realize we would be far worse off without them. From Jair Bolsonaro in Brazil to Boris Johnson in the UK, would be autocrats were thwarted in their quest to remain in office by these same checks and balances.

Hopefully the whole debacle will focus people’s minds on the real problem. The US government is spending more than it is taking in, and that’s a problem with only 2 possible solutions (continuing to raise the debt ceiling doesn’t count as a solution). We must reduce spending or increase revenue by raising taxes. There is nothing else to discuss… kicking the can down the road only hurts us more in the long run.

Spending money on worthwhile endeavors is a good thing, but you have to have the money to spend in the first place. If you don’t and you just kick the can down the road it puts a much heavier burden on future generations. We need to get serious about raising taxes on those who do not pay their fair share.