rookiepilot wrote: ↑Sat Jul 30, 2022 10:12 am
Regulate energy prices? Drilling disappears. Like rent control, no new rental stock is built. Projects were canceled, same would happen. Has already happened. Major shareholders will lynch any company that aggressively drills for energy now. Not happening.
First, oil isn’t the only kind of energy we are talking about and second, the shareholder model is part of the problem. Stake holders should be involved. Canada in particular used to have a crown corporation involved in oil and gas development. Perhaps that needs to be the case again, if energy development needs to benefit Canadian stakeholders as opposed to foreign shareholders.
Cap gains taxes raised in a country that doesn’t attract investment capital as it is? Good luck with that. Capital will abandon Canada.
Maybe, but your arguements thus far are why these policies won’t benefit the investment class, rather than what would benefit the younger starting class. I personally think such policy would stabilize the housing market. A benefit to those starting out.
Estate, wealth taxes? The grey retired voting block will freak out completely.
Unless you explain to them that you’re not coming for their farm. The estate tax in the US affects only a small percentage of the extremely wealthy. And they can avoid it. Encourage people to spend money when they’re alive rather than horde it so we have a class of people who don’t work.
End Corp Subsidies? You mean like the new bailout loan that won’t ever be paid back, of Air Transat? Or only non aviation subsidies, cause air is “special”?
Did I say that air was special? Yes those kind of bail out loans should end, at least without heavy strings attached, and in no circumstances should bail out or subsidy money end up in any kind of management bonuses or stock buy backs.
Raising minimum wage? How do you stop companies from removing workers and putting in self serve screens? (As is widely happening).
This just shows your limited knowledge of the working world. The self serve screens aren’t reducing the need for workers. Maybe go work a shift at the local store to find out. In spite of these automated devices, there is still hiring going on in every place that has them. Wages are cheap it’s the smallest part of any operation where labour is involved.
The main point here though is I believe there is arguable government policy to address the problems, not dramatic social upheaveal.
I'm not sure what's more depressing: That everyone has a price, or how low the price always is.