It cheers me up to see the Conservatives pulling ahead in the federal pre-election polls. The Liberal government has been mediocre at best, and their ineptitude is displayed in their election campaign as much as it is in their governing style. They knew they were calling an election, but they didn’t even have a platform to announce for the first few days after the Writ. But what should we expect when an immature prime minister selects a cabinet on the basis of demographics instead of ability and commitment. And the breaches of integrity by this PM are now legendary. He has overstayed his welcome. It’s time for him to leave.
Attention seems to be increasingly paid to the housing issue. The various political parties are blaming it on lack of housing supply. In some regions, housing prices have doubled in the last year or two, but population hasn’t. This is not a problem of supply of housing; it’s a problem of supply of money. There is too much of it. The Bank of Canada, allied with the Liberal government, has created way too much money, and I am not convinced it has been done legally either. There are rules about how much of a government’s deficit the Bank of Canada is allowed to fund. And the government has distributed new money unequally. People do not benefit from the new money in proportion to their existing financial status. The result is that many people who need housing did not receive much of the increase in money, but they are faced with prices that have increased because people with surplus funds are able to buy more.
I am all for funding basic government functions (the protection of life, liberty and property) with newly created money provided that all tax laws were repealed. But our government uses new money to fund activities that are detrimental to the citizenry while taxes increase in some cases and stay the same in others. They are out of control and they should go.
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