Tony Chapman’s Post

I just heard something that kind of blew my mind... ...Canada is a Ponzi scheme. I've posted before about Canada's aging population. For the first time, we have more people over the age of 40, than under. People are having fewer children ( for a number of reasons). So how does a small labour force pay for the pensions and healthcare costs of a much larger group of retirees? They don't. Do we really believe that the government has enough money sitting around to pay these retirees' pensions and healthcare? I've been hearing for years that the money has been spent, lost, misallocated... So what do you do? 👉 Immigration. We're seeing the largest immigration in history. The problem with this sudden influx of immigration is that our infrastructure cannot support it, which is one of the reasons for the housing crisis (demand exceeds supply), inflation, crime, erosion of culture, increase in taxes... The Trudeau government plans to increase Canada's population to 100 million by 2100. As with any Ponzi scheme, without more new 'investors' entering the bottom of the pyramid to pay off old 'investors', the system collapses. This all may seem obvious to you, but I just started paying more attention to politics in the past 3-4 years so a lot of this is new to me.

Excerpts from the attached article: People felt stifled by the dismal state of the economy and the poor state of housing. They were working harder and, thanks to inflation, making less. The price of food (and everything else) was rising. They worried about their kids’ safety. There was a ceiling on their ambitions. The political leadership of the country had failed them, time and again, and was now unable to address ordinary people’s concerns. Driving through the Greater Toronto Area, I saw how much more congested everything had become. There were too many people with too few places to live. The increasing number of homeless people on the street. The rise in violent crime. The staggering toll of the opioid crisis. The unprecedented wave of international students, many of whom were sold a bill of goods that turned out to be faulty. The hangover from COVID-19restrictions, almost a form of national PTSD. The pervasive feeling that success is out of reach in Canada, and even if you work hard and are successful, the government will come collecting more than they need − and then proceed to waste it, overspend it or lose it. What I realized soon thereafter was that this country was witnessing a systemic political failure, a complete inability of politicians to get change done in ways that manifested at the dinner table.. Nor was this an accident, the unfortunate consequence of polarization or inequality, but the deliberate result of multiple policy failures − as well as failures of will. I realized that this systemic government failure amounted to something worse than just incompetence or ineffectiveness. It was a betrayal of the Canadian dream. It promised the principle of equality of opportunity, promised safety and peace and responsibility. It promised leaders who put the national and long-term interests of the country above their own partisan needs. But Canada’s own political institutions have been riven by corruption and personal ambition. At the parliamentary level, most members of Parliament are so frightened of speaking for themselves that they are rendered powerless. The social situation deteriorates. The housing shortage is chronic. Economic stagnation is severe. The political crisis may be even worse. At this moment, there is a backlash building. There must be a positive vision for Canadians, bringing in new voices and faces, and grounded in a common purpose that unites all people around the shared values of hard work and equal opportunity. Most importantly, politicians should dispense with their scripts and level with Canadians about the challenges ahead. Canada is not broken; it is wounded. But the potential inherent in this country is enormous. Its future must be reclaimed and won soon or lost for good. https://lnkd.in/gSM74Ywm

🌍 A Decade of Canadian Governance: Key Milestones, Challenges, and What Lies Ahead (2015-2024) 🌍 Reflecting on Canada’s current political landscape, I found myself questioning – how well has our government actually performed over the last decade? 🤔 To answer that, I took a deep dive into the initiatives, successes, and challenges that have shaped Canada’s economic, social, and political scene from 2015 to 2024. In my latest blog, I explore: 🔹 Economic policies and missed productivity targets 🔹 Social welfare successes vs. housing affordability crises 🔹 Infrastructure ambitions hampered by execution delays 🔹 Environmental policy strides amidst implementation gaps 🔹 Trade agreements opening markets but straining certain industries 🔹 The healthcare system’s workforce crisis and persistent rural care gaps As Canada moves forward, it’s clear that bold, balanced policies are essential to build a resilient, inclusive future for all Canadians. Check out the blog and share your thoughts! How would you rate Canada’s governance over the last decade, and what do you think is most needed for a brighter future? 👇 #CanadaPolitics #Governance #EconomicPolicy #SocialWelfare #Infrastructure #ClimateAction #HealthcareCrisis #TradeAgreements #ResilientFuture #CanadianGovernment #Canada #CETA #CUSMA #NATODefenseSpending #CanadianEconomy #CanadaGovernance #EconomicGrowth #HousingAffordability

This suggests an agenda of cuts that goes well beyond axing the carbon tax. Poilievre didn’t even mention — among his list of things he considers worthy of taxpayers’ money — Canada’s major social programs including health care, education, pensions and family supports, which are central to the lives of almost all Canadians. Now, I doubt if Poilievre is planning to cancel or completely stop funding these programs. (Health care and education are provincial responsibilities, although they rely on funding from the federal government.) But his comment at the gas station indicates a desire to redesign Canada in a profound way — as mostly a supplier of “core services” — infrastructure, police, the military. As for the social dimension, he favours a bare-bones, U.S.-style “safety net” aimed only at the poor, with the rest of the population forced to provide for themselves and their families in the marketplace. However far he is able to take us down this road, it’s alarming that this is his vision for Canada.  ARTICLE CONTINUES BELOW

This is pretty comprehensive. A good read. The government has basically made a choice of big government and its associated spending. This has crowded-out private investment, except for sovereign debt, which is growing. There is a massive shortage of infrastructure and basic supply of living essentials to support the growth, that will take years to recover from. Basically, the government has mismanaged the economy for 7 years. I was taught on Wall Street that GDP growth is a function of population growth, but this population growth is creating inflation because there is no increase in supply. The BOC, in turn, has to step on the interest rate break…. which drives up housing costs and forces people to rent…. making building home equity impossible for young people. People can’t save or get out of debt. High interest costs restrict supply growth, forcing the government to supply things….. pushing interest rates up more. This policy goes absolutely nowhere. A failed PM. If there is one thing I have learned by watching things, it is that Canada has too much power at the federal level. There needs to be checks and balances. The Senate could be that solution. We need a Triple E Senate - Elected, Equal and Effective.

As Canada unveils its 2024 Budget, a bold vision for Indigenous futures takes shape, marked by substantial investments in housing, healthcare, and education. These initiatives, aimed at First Nations, Inuit, and Métis communities, underscore a commitment to not just support but actively elevate the lives of Indigenous Peoples across the nation. #Canadareconciliationinitiatives #FirstNationseconomicsupport #FirstNationshealthfacilities #IndigenouscommunitiesCanada #Indigenouseconomicdevelopment #Indigenouseducationfunding #Indigenoushousinginfrastructure #Indigenousyoutheducation #Inuithealthprograms #Métishousinginvestment

7 reasons Australia's Short-Term Politics and the Latest Budget is Failing Us..... Spending more than ever before, billions, on buying votes to alleviate a self-induced energy crisis, doing nothing about deeply flawed and out of control spending on NDIS and every other major area of government expenditure, yet meanwhile (1) we're decimating one of the two best and best value public health care systems in the world by not destroying medicare and bulk-billing and red tape and costs for doctors (which will cost us all more health wise and cost wise) (2) can't work out we simply need lots more skilled migration of English speaking constructions workers (instead of letting Canada take them all, and haven't worked out that Canada is better educated and that's why despite being far from perfect, they can still do this) (3) showing little leadership on skilled migration broadly (we actually need it because we are not educating enough here etc) (4) want to decimate our most successful export industry outside resources (foreign students) because we can't build a few small bedrooms to accommodate them (5) haven't addressed the root cause of the energy crisis (dumb policy, ourselves), which is absolutely essential and critical to our national productivity and competitiveness globally (6) don't know or don't care that excessive and poorly directed and implemented government spending and interference in the economy is why everyone is poorer (inflation in costs, wastage, cronyism, crowding out of private sector e.g. construction, red tape impeding small business and construction), so instead let's do more of what is proven not to work. (7) haven't addressed a crisis in education or an uneducated and disillusioned youth who are increasingly moving towards socialist "ideals", and apparently don't know that left-wing ideologies have been shown through history to result in widespread poverty and death. The thing we're doing great at though is spin....and that's enough to get re-elected apparently while you wreck everything else, in no small part because the opposition is weak, similar to how it was in Victoria. And while Australia might bail out Victoria, who bails us out once we've become like them in a few more years... Our failure is monumental in everything important. But yeah go on, tell me they're doing a good job because it sounds good....

Quebec’s move to eliminate the tax credit for workers aged 60 to 64 is a bold policy shift that raises important questions about labor market dynamics. While aimed at fiscal consolidation, it may unintentionally discourage experienced professionals from remaining in the workforce—a critical asset in sectors already facing talent shortages. How can policies better balance economic needs with fostering an inclusive, multi-generational workforce? Read the full analysis via HRD Canada https://lnkd.in/g8U-b4Ea #hrdcanada #inclusivity #alfaemployment #canadajobs #canadahiring #ontariojobs #staffingsolutions #quebecjobs #Quevec

The Henley Private Wealth Migration Report indicates that Britain will experience a net loss of 9,500 high-net-worth individuals in 2024 — more than double last year's figure of 4,200. The projections mark a stark turnaround for Britain, once viewed as a prime location for the world's super-rich. And the upcoming election could accelerate the trend. The Labour Party, which is projected to win the election, has said it will to target the wealthy in order to better fund public services. https://lnkd.in/d8cKnQbV