Mike's Daily Comment
Surprise or maybe not – new stats make clear that pay people not to work and some won’t but that’s not the only problem with UBI.
Especially given that innovation is the offspring of competition – and dare we say it…capitalism. And there are no shortage of anti-capitalists. But at what cost?
Canada has the third highest marginal tax rates in the world. GST and PST (except Alberta) on everything you buy for your business. Payroll taxes for every employee. A carbon tax on deliveries and transportation and some politicians say it’s not enough.
While Canada sleeps the US recognizes the threat posed by China’s Communists’ ambitions with a warning that business beware but will they pay attention before it’s too late.
But after a massive increase in housing and stock prices shooting Canadians wealth up by $2 trillion during the pandemic – is it time to focus on the vulnerable?
Some of our political and public sector elites disagree but Cubans have taken to the streets yelling Down with Communism – lack of basic necessities like food will make you do that.
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