Juno News - March 23, 2022


Are massive tax hikes coming? (Ft. Pierre Poilievre)


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Length

16 minutes

Words per minute

170.1731

Word count

2,769

Sentence count

138

Harmful content

Misogyny

1

sentences flagged

Hate speech

3

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Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Did Justin Trudeau and Jagmeet Singh form their coalition pact to avoid fiscal collapse? Does it mean that huge tax increases are coming? MP Pierre Polyev is here to discuss. Pierre has served as an MP in the Ottawa base riding of Carleton since 2004 and is one of the candidates running to be the next Conservative Party of Canada's next leader.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 Did Justin Trudeau and Jagmeet Singh form their coalition pact to avoid fiscal collapse?
00:00:05.160 Does it mean that huge tax increases are coming? MP Pierre Polyev is here to discuss. I'm
00:00:10.600 Candice Malcolm and this is The Candice Malcolm Show. Hi everyone and welcome to the podcast.
00:00:25.780 My guest today is Conservative MP Pierre Polyev. Pierre has served as an MP in the Ottawa
00:00:31.120 base riding of Carleton since 2004 and is one of the candidates running to be the next leader of
00:00:35.200 the Conservative Party of Canada. So each of the candidates has joined my True North colleague
00:00:39.400 Andrew Lawton on his show in the last few weeks including Pierre and I really encourage you to go
00:00:43.820 and check out all of those interviews here on our channel. Now today I want to discuss something a
00:00:48.540 little different. I want to talk about the latest coalition pact, whatever you want to call it,
00:00:53.160 between the Liberals and the NDP and what it will mean in Parliament. So Pierre thank you so much
00:00:58.000 for joining us today. Great to be with you Candice. So let's talk about the biggest news in Canadian
00:01:03.580 politics right now. Let me hear your opinion on this formal governing agreement between the Liberals
00:01:08.800 and the NDP until 2025. Nobody voted for it. People who voted NDP thought they were advancing an
00:01:15.960 independent opposition party. People who voted Liberal didn't realize that they were going to get NDP
00:01:21.960 far left extreme radical policies. So there will be a lot of betrayed voters for both of those parties.
00:01:30.420 And what does it mean for the country? I think it means that the government will double down on
00:01:37.220 massive deficits, money printing, and as a consequence, very high inflation. As you know, the cost of government
00:01:45.700 is driving up the cost of living. More dollars chasing fewer goods always leads to higher prices. That's why we have
00:01:52.000 30-year highs in inflation and all-time highs in housing inflation. House prices have doubled in just six or seven
00:01:58.320 years. That's what I call just inflation. There'll be more of that. But we're going to fight back as
00:02:06.080 leader. I'm going to mobilize the Canadian people to pressure more reasonable Liberal MPs and more
00:02:13.360 working class oriented NDP MPs to turn against their this backroom deal and ultimately pull apart
00:02:21.200 the coalition, bring down the government in a confidence vote, and win the following election.
00:02:28.000 Well, that sounds like quite the plan. And I think there'd be many conservatives that would be excited
00:02:32.720 about that. I want to ask you specifically, Pierre. So 18 months ago, I had you on the show. It's September
00:02:38.400 2020. And we talked about the finances of the country at that time. Now, you must have a crystal ball
00:02:43.600 somewhere because you predicted that Justin Trudeau would trigger an election and that he desperately needed
00:02:48.240 a majority government. And you said that was for two reasons. One, because his spending was
00:02:53.120 mathematically impossible to maintain and that in order to maintain it, he would need to have some
00:02:57.280 kind of a massive tax increase. And second of all, because the ethics commissioner was going to expose
00:03:02.640 some ugly truths about his government. And so I'm wondering, you know, he did trigger that election.
00:03:07.760 He thought he was going to win. He didn't. But it seems like with the deal that he came up with on
00:03:12.560 Tuesday morning, he sort of managed to create a majority government out of nothing. So I want to
00:03:17.840 revisit those predictions that you made. Do you do you think that that part of the reason this
00:03:22.480 coalition is in place now is because of the possibility of tax increases? And what would
00:03:29.360 that look like? And then also, what is the update with the ethics commissioner? I know they were
00:03:33.440 investigating the we scandal. Where are we with that? Okay, let's start with the economy. We now have
00:03:41.920 about $3.50 of debt for every dollar of GDP in Canada, that number fluctuates between $3.50 and $4.
00:03:49.760 That's near record highs. That means for every one percentage point increase in interest rates across
00:03:56.960 the economy that we have to pay 3.5% of our economy in interest rates, in interest payments. So just to
00:04:08.320 give you a very practical example of what that means. So the average typical home, according to the
00:04:14.240 Canadian Real Estate Association, costs $868,000. There are about a fifth of households have only 1%
00:04:22.000 down for purchases in the last two years, and about half are variable. So if you've got a variable rate
00:04:31.040 mortgage with 1% down, and you have about an $850,000 mortgage, if rates go up by just 1%, your
00:04:38.080 annual mortgage payments are $8,500 higher, $8,500 more in annual recurring mortgage payments. Many
00:04:50.720 families would clearly go bankrupt, given that there are about a half of Canadians only have $200 left in
00:04:56.240 the bank account at the end of each month. So I think you could have a serious household finance
00:05:03.040 crisis. On top of that, that same percentage point increase in interest rates adds $12 billion in
00:05:10.000 annual costs to the federal government. So that means that the last thing Trudeau wants is for this
00:05:17.920 financial reality to come to the surface, you know, and then have the opposition vote him down and hold
00:05:25.360 him accountable for having caused it. So this could give him, you know, two or three years while
00:05:30.640 Canadians are suffering under the hell of higher rates and inflation to avoid democratic accountability.
00:05:37.600 And as you said, if he runs out of money with the help of the NDP, he might be able to get through a
00:05:42.880 very unpopular tax increase that he would not have been able to pass in a normal minority parliament.
00:05:50.000 So we don't know for sure exactly what they're going to do. It is possible that he would save tax
00:05:54.720 increases for an eventual, in his eyes, future majority. But it is possible that Jagmeet is
00:06:02.880 going to back him up and get that passed. And, you know, Candace, one of the worst things about
00:06:09.600 these coalition governments is that the more unpopular they are often the longer they last
00:06:14.880 because the coalition participants don't want to face the music with the voters. So they bind together
00:06:20.320 and hold themselves in office. And that's why we need to have a strategy to pull it apart one MP at
00:06:26.160 a time on the ethics front. I mean, I think that the bigger issue is where is the RCMP and not so much
00:06:33.360 the ethics commissioner, but, but where is the RCMP on the we scandal? And on the SNC-Lavalin scandal,
00:06:42.080 Mounties said they were looking into both. And we haven't heard anything back. So we hope that
00:06:48.240 that hasn't just gone into the law enforcement black hole again, and that there is some legal
00:06:53.360 accountability for what happened in both of those cases. We know in both scandals,
00:06:58.080 laws were broken because the ethics commissioner found Morneau guilty and found Trudeau guilty for
00:07:06.080 the SNC scandal. Now it's time for the RCMP to come clean on whether or not criminal code
00:07:12.320 violations occurred as well. Well, it seems like Justin Trudeau always has a way to avoid
00:07:17.680 accountability. And I think that's one of the loudest complaints that I hear from True North
00:07:21.520 viewers. I want to ask you about the priorities that the NDP and the Liberals have presented because
00:07:27.360 maybe they sound good on paper, the idea of universal pharmacare, universal dental care. When
00:07:31.760 I hear about that, it strikes me as so painstakingly out of touch, given the financial situation in this
00:07:37.600 country, given the performance of our health care system over the past two years, it seems to me that
00:07:42.640 we need serious change on this front, not just adding in more goodies, more entitlements to a
00:07:48.960 broken system, essentially. I'm wondering what your thoughts are on that.
00:07:52.640 Well, the pharmacare idea sounds terrific until you scratch the surface. A lot of people will be far
00:07:58.880 worse off in drug coverage if this plan goes ahead. Remember, 91% of Canadians have some kind of
00:08:04.320 coverage, most of it through private sector employer based plans. The very poor usually have
00:08:10.240 coverage through their provincial social services. And many people purchase their own private
00:08:17.600 insurance for supplementary drug plans already. Finally, then there are also the small minority of
00:08:23.600 very wealthy people who just pay out of pocket. So the number of people who don't have some coverage
00:08:29.920 and can't afford to pay for their medicine is well below 10%. And the answer would be to give
00:08:37.920 them some targeted assistance with their needs rather than creating a national governmental program
00:08:43.760 that would ultimately incentivize employers to dump their private plans. And this is where it's going to
00:08:48.640 become extremely unpopular, especially with unionized blue collar workers. If their employers say,
00:08:55.920 well, we're paying for a government plan through taxes, so we're not going to provide you with the workplace
00:09:03.120 plan, then these workers could end up stuck with an inferior government plan that has a smaller formulary
00:09:10.800 and higher deductibles and much less responsive. And you could find the NDP and Liberals face a massive
00:09:18.480 backlash from their own voters, not just because it costs $20 billion to institute this new
00:09:25.840 national bureaucracy, but because people actually get worse drug coverage. And so I'm in favor of
00:09:33.120 keeping our market-based system with possibly some incentives to cover the very small minority of
00:09:39.040 people who don't have coverage now. That is far superior. You remember when Kathleen Wynne brought in
00:09:45.600 this program provincially for people under the age of 26? You know how she paid for it? She actually cut 0.99
00:09:51.920 the drugs that were covered for children's cancers at the children's hospitals. So we had doctors at the
00:09:59.760 Ottawa Hospital here for children having to call drug companies and ask for donations of drugs to save the
00:10:07.600 lives of kids who were literally on their deathbed. Because Gwynne actually cut off these kids from cancer drugs so that she
00:10:15.200 could pay for a governmental program to help 22 year olds get acne medications over at their local drug
00:10:23.360 stores. So again, they sound wonderful when they're when they're announced. But in practice, they can not
00:10:29.840 only be extremely expensive, but very detrimental to the health and the coverage of Canadians.
00:10:36.480 Oh, that's truly awful. I'm so sorry to hear that. I had a question about the the trucker convoy,
00:10:42.560 because it seems to me that what we experienced this year in this country was essentially a huge
00:10:47.760 working class uprising and backlash against the governing elites. And it seems that the NDP was
00:10:53.680 once the party that represented those sorts of people. Well, no longer. I mean, first we saw
00:10:58.560 Justin Trudeau refuse to meet with them, call them every name in the book. Jagmeet Singh essentially
00:11:02.080 kind of went along with that. And now here we have the NDP essentially just joining the liberals,
00:11:06.640 turning their back completely on those people. What does that mean to hardworking people in this
00:11:13.200 country that that don't feel that they have representation in the NDP left wing socialist
00:11:19.520 party anymore? Well, they're coming to vote for me. That's why I'm attracting massive crowds.
00:11:25.120 You know, I've had rallies with over 1000 people. And it's mostly working class folks. I was traveling
00:11:30.880 through Quebec. I had 250 people in Laval, a place where we typically finished third or fourth,
00:11:36.720 huge crowds in Trois-Rivières, Quebec City, Montreal, all populated with working class people,
00:11:42.960 many of whom tell me they never even voted in their lives. But there, as you say, there is a working
00:11:48.400 class uprising in this country, people who've been cast aside, they've been told to shut up and do what
00:11:56.960 they're told and let the powerful elites in Ottawa run their lives for them. And they're saying no,
00:12:04.000 they've had it. These are the people who do the nation's work. They build our roads,
00:12:08.640 they deliver our goods, they feed our families, they build our structures, our homes, our office
00:12:15.360 buildings, and they get very little credit. And they've been under attack for years now. The entire
00:12:21.680 monetary system is designed right now to destroy their wage, the purchasing power of their wages,
00:12:26.720 while inflating the asset values of the billionaire class. Now the Liberals and NDP want to stand with
00:12:32.640 the billionaire class and the managerial elite against these working people. Well, I've got news
00:12:38.320 for them. These people deserve a strong voice, and I am that voice, and they will be part of a future
00:12:45.360 Conservative government that stands on their sides, puts them back in control of their lives by making
00:12:50.320 Canada the freest nation on earth.
00:12:51.900 So how do you dismantle that system, Pierre? I mean, I've heard you talk about how 40, 50 years ago,
00:12:57.900 a working class person could afford to buy a house, whereas today their children, grandchildren who are 0.89
00:13:02.620 Canadian college educated cannot afford to buy that same sort of house. How do you how do you turn that
00:13:07.980 around? How do you get things back to the way that they were back when a single income family could
00:13:13.980 afford to buy a home in the suburbs or in the cities in Canada?
00:13:17.340 Well, we have to bring back hard money. You know, the reason that what has happened here is like I told
00:13:22.940 the story of many of your viewers might not have seen it, but of an Italian family that came to
00:13:29.260 Ottawa in 1974. And on from the wages of the father who worked paving roads and the mother who was making
00:13:38.220 sandwiches at seniors homes, they were able to buy a handsome bungalow in downtown Ottawa for about 40
00:13:45.900 or $50,000, something like that. And they paid it off in seven years, you know, they grow their own
00:13:51.180 food in the backyard and, and never went to restaurants paid it off seven years, right? Their grandkids now,
00:13:57.180 all these years later, would not be able to afford that house, even though their grandkids are going
00:14:05.260 to be university educated, and supposedly living in a country that has had a half century to advance
00:14:11.980 and grow, we should be able to afford better houses 50 years on than we did back then. And yet,
00:14:19.900 there is no way that that house, which is well over a million dollars now, could ever be owned by someone
00:14:25.420 just coming out of university with a degree in liberal arts or even in business or engineering.
00:14:32.060 So what is happening is, in the early 70s, government started printing massive quantities of
00:14:37.660 cash in order to fund their spending that led to inflation, especially asset price inflation. And so
00:14:43.180 the cost of things like houses has outgrown the wages of the working people. So I'm going to reinstate 1.00
00:14:50.860 hard money, give the Bank of Canada, again, the singular purpose of keeping inflation low and very
00:14:56.380 low. And I'll be very specific about that. But also, we need to, instead of creating cash, we need to
00:15:01.660 start creating more of what cash buys, we need to incentivize our municipalities to spill the speed up
00:15:06.540 building permits. Right now, it takes seven to 10 years from the time you buy the land to the time you
00:15:10.940 build on it, we have the lowest per capita number of houses of any country in the G7, even though we have the
00:15:16.460 most land. And so I'm going to be taking a very strong stand to require incompetent big city mayors
00:15:27.260 to get out of the way and speed up build building permits, allow for more land for housing, so that
00:15:33.500 we can build millions of affordable homes for our young people. So that the dream that that Italian 1.00
00:15:39.740 family, I mentioned, who came here almost a half century ago, can can can can live on for their
00:15:45.740 grandkids. Well, that sounds like a plan, a wonderful plan. And I think that what's very
00:15:51.740 clear, Pierre, is that we just need change from the Trudeau government, that the spending the out of
00:15:57.180 control, big growth of government system, and it seems like that, you know, there's lots and lots of
00:16:03.100 ideas over on the conservative side. So appreciate your time this morning, Pierre, thanks for joining the
00:16:06.940 program. Excellent. Great to be with you. All the very best you and your family. Thank you so much.
00:16:11.980 That's Pierre Polyev, MP for Carleton. I'm Candice Malcolm, and this is The Candice Malcolm Show.