A Holistic Approach to Achieving YES on an Alberta Independence Referendum | Nadine Wellwood
Episode Stats
Length
1 hour and 30 minutes
Words per Minute
183.62509
Summary
In this episode of The Critical Compass, James and Mike are joined by Nadine Wellwood, the author of Alberta Rising, A Principled Vision for a Sovereign and Free Nation, to discuss her new book, "A Progressive Vision for Alberta Rising." Nadine and James discuss the current state of the province, the current political climate, and the challenges facing the province.
Transcript
00:00:02.520
But people are also, to your point, driven by fear.
00:00:08.640
So if you want to continue down this destructive path of paying more for less,
00:00:15.600
But if we want, you know, better results for less, right?
00:00:26.280
We have to make a change in how we do things, right?
00:00:34.560
But the hard part is, is you got to, the first step to any of that
00:00:37.320
is you got to get somebody who's willing to at least engage with you, listen to you.
00:00:41.280
And I always tell people, rather than you talk, let them do the talking, right?
00:00:46.020
Find out from them, ask them, okay, so what are your concerns?
00:01:12.380
We've got a special intro for you today since we are doing a shared episode.
00:01:28.400
And we also just recently produced a small documentary on the Alberta UCP AGM,
00:01:35.760
which actually featured our guest, Nadine Wellwood, who joined us in that documentary.
00:01:42.500
She is the author of Alberta Rising, A Principled Vision for a Sovereign and Free Nation.
00:01:48.720
An excellent book, a clear and concise guide, essentially any thought or talking point
00:01:55.160
you may need to know when it comes to Alberta independence from a principled level.
00:02:00.020
This book is a great reference that way, and I would highly recommend it.
00:02:04.720
Nadine, how about you give us a little bit of a welcome?
00:02:15.700
Yeah, so just for your audience who may not be so familiar with me,
00:02:33.900
Well, most people have short attention spans, and who wants to be lectured to, right?
00:02:39.340
So for me, I wrote the book to be very concise and more just to get people to think.
00:02:44.320
I'm not here to give the answers, just want people to think critically about some of the problems
00:02:49.260
and what they think some of the solutions might be.
00:02:51.980
And I think the book really points out the ability of, you know, there are other places
00:03:00.180
So why aren't we doing at least, at a minimum, that?
00:03:04.260
And just before we get into too much of that, I've been around the block politically in the
00:03:10.020
turmoil and the fray for about eight years now.
00:03:12.380
And I, prior to that, and still am, a chartered investment manager.
00:03:17.740
So lots of things economically we can bring up tonight.
00:03:20.680
You know, Mr. Carney and Ms. Chrystia Freeland, who's now the economic advisor.
00:03:30.160
You know, the Canadian MP that's over-advising Ukraine on how to spend Canadian dollars.
00:03:35.900
So a little bit of background on me, you know, I've been working in finance for 20 plus years,
00:03:41.860
chartered investment manager, been around politics now for about eight years, and I owned
00:03:53.140
Well, we were going to cut that part out, I'm sure.
00:03:55.760
But now, since you've addressed it, I have to pick, find it and pick it up.
00:04:09.460
And like we mentioned before, we can unpack any of these things when it comes to the state
00:04:16.920
I'm sure as we, even talking about Kearney, the conclusions out of this is Alberta's got
00:04:23.760
I don't know, I cringe a little bit because Canada does not feel like it's doing well.
00:04:29.300
And 2026 feels like it's going to be a very dynamic year geopolitically, and it's going
00:04:39.380
And I think we're off to a interesting start already.
00:04:43.260
Nadine, what was the what was your turn of phrase that you said before we hit recording
00:04:48.600
Well, I did a little video yesterday and I said 2026 is the year of shifts, S-H-I-F-T-S.
00:05:05.140
It feels like because so much is kind of coalescing all at once and probably maybe the most consequential
00:05:13.080
thing to start the year is that, you know, we've gotten approval from Elections Alberta
00:05:17.300
to start collecting signatures for the petition for the referendum.
00:05:22.420
So what are you kind of feeling going into this this week?
00:05:32.940
You know, for me, and part of the reason for writing the book was is getting more people,
00:05:50.620
And so I don't want people I didn't want people to kind of make a decision thinking that,
00:05:55.060
well, you know, this is about being conservative or NDP.
00:05:58.040
Or it really is a sound economic decision, a sound policy decision that everybody should
00:06:09.300
Whether you want to stay in Canada and you just simply want a better deal, better terms,
00:06:14.560
whether you want an independent Alberta or the other third option, which I don't support,
00:06:23.160
But it doesn't matter which one of those three that you want, all of them hinge upon a yes
00:06:33.700
Right now, Alberta is very easy to ignore because we have no political leverage to use
00:06:41.620
So even if Albertans are thinking, hey, I don't want to leave, but you know what, we have to
00:06:45.940
negotiate a better agreement with Canada, then you have to vote yes for a referendum.
00:06:51.460
And my book really was built around exactly that, designing and getting you to think about
00:07:00.380
Do we truly need all the licensing and registration?
00:07:04.760
Do you like paying taxes or would you prefer to pay less taxes?
00:07:07.940
So just all these sort of common sense ideas and then giving people some food for thought
00:07:12.800
as to, okay, well, if I was in control, because I do say in my book, I now turn the pen over
00:07:21.620
What are the things that you would like to see implemented?
00:07:24.440
And, you know, from there, it opens the door to conversation.
00:07:27.300
So now you've got something that you can talk about with friends and family.
00:07:30.460
And hopefully it's a discussion, not a wrestling match, which I have seen that happen.
00:07:38.340
You know, and that's where, for me, Alberta independence is so critically important.
00:07:42.760
I mean, I can talk about the economics all day long, but, you know, for people who want
00:07:46.300
a better future for their children, they want a brighter future for their family.
00:07:50.160
You want better businesses, better service, better products, more innovation.
00:07:59.000
Yeah, and that's such an important point that you started with, too, about how this
00:08:03.700
is, it shouldn't really be viewed as a left-right issue, because, you know, the fact is that,
00:08:09.500
you know, even if you just want to talk about it from a point of view of, like, do you want,
00:08:13.600
do you want your political opinion to count for something, regardless of where you happen
00:08:21.180
Because we already know from our last election that Alberta's opinion on anything doesn't
00:08:27.500
So, yeah, if you want to have a stronger political voice at all, this is a good thing
00:08:32.580
But also, I like to, I mean, you're the financial expert amongst the three of us here.
00:08:36.780
So, you know, the thing that I always bring up to people is, like, what could you do with
00:08:42.020
an extra, you know, 15, 17, 20,000 bucks in your pocket every year?
00:08:46.080
Like, what, what would you do with all that money that you think is being done?
00:08:51.180
Like, are you happy to look at your paycheck and see 40% of it being pissed away somewhere
00:08:57.160
that you can't, it's not accountable to you, to whatever your interests are?
00:09:01.500
Like, don't you think you could make better use of that?
00:09:03.700
And that's a pretty hard argument, even for a, for a pretty hard leftist to be like, oh,
00:09:08.080
no, I couldn't use any more money in my life, you know?
00:09:14.420
You know, we have so much of it now, we're just giving it all the way to Ukraine and,
00:09:17.800
you know, other places around the world because they, they need it more than we do.
00:09:23.360
You know, what's interesting that you point that out, the Ukraine GDP is actually higher
00:09:29.100
And yet we're the one giving billions of dollars to them.
00:09:32.020
So, you know, it's financial decisions like that that I look at and I go, I shake my head
00:09:40.220
You know, Canadians are being bled dry in taxation and regulation.
00:09:46.260
So, you know, Canada's problems largely are a lack of productivity, in my opinion.
00:09:51.460
And that lack of productivity is boiled down to the fact that we have a very large government
00:09:55.380
that is trying to control everything and that is over-regulating.
00:09:58.760
And there is no innovation, there is no creativity.
00:10:01.060
You know, we have oil reserves, we have natural resources that we're not developing
00:10:05.100
because of ideology, not because of skill or a lack of knowledge or even a lack of demand.
00:10:12.220
All of these assets that Canada has, they're needed everywhere around the world.
00:10:15.940
And we're not, we're choosing to leave them in the ground.
00:10:19.100
And so if, if, if Albertans want a better future, there is one available to be had.
00:10:25.060
We just have to be willing to vote yes on a referendum and then just hold firm to principles
00:10:34.820
And in my opinion, those terms are independence.
00:10:39.180
It is certainly, Alberta wants to be an independent nation.
00:10:43.020
But yeah, what, what could you do with an extra 15, $17,000 in your pocket?
00:10:48.460
You know, that helps alleviate a lot of the affordability issues going on today.
00:10:55.080
Because as we increase productivity and we increase the innovation and the creativity
00:11:00.260
and we start developing the resources we have, you're going to have better paying jobs, right?
00:11:07.540
There'll be more opportunity for you to become your own business.
00:11:10.800
You know, all these things open up, which right now we don't have the opportunity
00:11:15.700
or even the option to explore because the heavy hand of Canada.
00:11:20.600
Yeah, it seems like very much it's, we're in a bloated state where it's hard to get anything done.
00:11:28.620
That extra red tape just keeps on putting a barrier, even to get a business up and running.
00:11:36.780
And a lot of people will try to start their own business partially as a financial incentive
00:11:44.760
And then you kind of, you have to think about like, well, why do people need to find all
00:11:51.660
these creative solutions to even protect their wealth from dissolving?
00:11:56.240
And that circles back to that, the issue that we do not have sound money.
00:12:02.100
We do not have an economy that rewards people for earning.
00:12:07.420
Essentially, you are penalized in any kind of way.
00:12:10.140
Let it be capital gains, let it be working a little bit in overtime.
00:12:15.960
It's there, the incentives are contrary to productivity.
00:12:20.780
So if you punish productivity, like what would you expect over time?
00:12:24.660
You'd expect pretty much all sectors to become less productive in that way.
00:12:30.620
I can understand how people can get caught up in kind of the empathetic or like in their
00:12:40.820
They will say like, well, it's, I'm a good citizen and it's like, I don't mind if some
00:12:53.260
Maybe they don't look at the layers of bureaucracy, like where it gets wasted, how there's no mechanism
00:13:02.880
Essentially, when you get this public sector growing and growing and growing, you don't
00:13:07.240
have the same mechanism to reduce a department that is no longer serving its purpose.
00:13:13.440
You essentially have these departments fighting for their own survival.
00:13:16.940
And once you establish it, you just have another layer of bureaucracy or another layer of the
00:13:23.440
public sector, which is just another hurdle for getting things done.
00:13:26.380
And it's a time and like money sink in the government.
00:13:32.180
So if not for intervention over time, you get this corrupt, bloated, like larger and
00:13:40.040
larger public sector that essentially isn't doing the job it's meant to do.
00:13:46.560
So you can still have that empathy and you can say like, yeah, we need to provide the services
00:13:51.920
And maybe you have the argument, maybe you have the discussion about like what role of
00:13:56.940
the government, like how much government should be involved in it.
00:14:01.520
That's a slightly different discussion than where we're at right now of we're kind of stuck
00:14:11.300
So and then the question is, how do we get out of a bloated state?
00:14:19.380
Is there any mechanism in Canada that would actually reduce the bloat?
00:14:27.220
But Canada doesn't have the political will to do it.
00:14:33.840
One I'm going to address quickly is the empathy and the need for Canadians to be what I would
00:14:41.140
Well, if you have an extra $15,000 to $17,000 that the government says we're not going to
00:14:45.140
take out of your pocket directly, well, you can choose to spend that however you wish.
00:14:49.220
If you want to be charitable with your own money, then that's what the definition of
00:14:54.080
But when the government takes your money by force, let's be honest, that's called theft.
00:15:00.240
And then when the government makes the decisions as to who is going to receive that money,
00:15:07.760
OK, so, I mean, for me, I would much rather see the individual keep everything that they
00:15:18.240
It's kind of like I had a conversation with a young man about capitalism and competition.
00:15:23.980
And, you know, it was on the grounds of teaching.
00:15:26.660
And I had proposed that we do vouchers maybe for teachers.
00:15:30.240
And he's like, well, everybody would want to come here then.
00:15:32.540
I said, so what you're telling me is you're afraid to compete, right?
00:15:35.400
You don't want to have to compete with everybody else on an equal scale.
00:15:41.880
So I said, here's what competition does, right?
00:15:57.740
So when you talk about the role of government, it is absolutely vital to understand what the
00:16:04.860
And in my opinion, the role of government right now is truly bloated, not only in the
00:16:12.500
You know, I was so helpful when Danielle Smith got elected that we would see a smaller government
00:16:28.240
So for every dollar that is being collected in taxes, our public sector, they seem to think
00:16:35.780
that they're contributing to the productivity of the nation.
00:16:40.780
Now, I want to make it very clear to anybody listening.
00:16:53.100
But when it comes to productivity, you are a liability, not somebody who is adding to
00:17:01.720
Because your positions are being paid with after-tax dollars.
00:17:04.980
Now, people argue, they say, but I pay taxes too.
00:17:07.940
But yes, you're paying your taxes with my taxes I've already paid.
00:17:13.480
So there's nothing new being added to the bottom line here.
00:17:19.520
We need less government because government is the drain on all of that.
00:17:25.520
And right now, to your point, they are punishing those who are the most productive and those
00:17:32.360
So out of one out of every four worker right now is a direct government employee.
00:17:37.500
Another 25%, so another one out of four, work indirectly, funded by government, whether it's NGOs, teachers, doctors, other organizations.
00:17:48.660
So you have 50% of society that basically is trying to fund the other 50%.
00:17:58.600
It punishes those who are adding to the bottom line, and that's what needs to adjust.
00:18:03.900
Frederick Bastiet did an amazing book, if you're interested, called The Law.
00:18:11.240
Not very long, but it's a little harder to read, I will say.
00:18:17.220
And it talks about the proper role of government.
00:18:19.800
In my opinion, the proper role of government, it serves two purposes.
00:18:25.600
They should be basic, easy to understand, straightforward.
00:18:40.560
Somebody who, when you and I have a disagreement, we don't have to break out the guns.
00:18:44.020
We can go to an adjudicator, go to the courts, and have it settled in a reasonable fashion.
00:18:49.180
The other one is to protect your and my civil liberties.
00:18:52.800
That's really the function, the role of government.
00:18:55.140
All these social programs, these can all be delivered and would be delivered, honestly, better by the private sector.
00:19:11.320
I don't believe that people should be paying income taxes, period.
00:19:19.960
And by, you know, putting a tax on my labor, that's what you've basically said, is that I own you.
00:19:27.260
And they believe that they own every dollar that you make.
00:19:30.200
You're just really lucky you get to keep 50 cents of it.
00:19:34.000
Well, and it was a temporary tax to begin with.
00:19:38.320
There's nothing more permanent than a temporary government program?
00:19:41.020
Yeah, the government never does anything on a temporary basis, which is why I always tell people the government is good at putting new programs into place.
00:19:55.020
They go, oh, the government should do something about that.
00:19:57.120
And I'm like, mom, dad, if you want the government to do something about that, I got an idea.
00:20:01.120
Here, why don't you move back in with your parents?
00:20:04.440
Let them make the decisions for you, because what you've said is you're not capable of doing it for yourself.
00:20:09.160
I said, and leave me out of it, because I want no part of it.
00:20:14.580
I am willing to accept responsibility for the decisions that I make.
00:20:18.760
And so, you know, for people today, we have to be really careful about what we want the government and what we expect the government to do, because it comes at a very, very high cost.
00:20:28.540
The private sector can do things far more effectively, far cheaper, with a far better outcome for everybody than the government can.
00:20:38.420
Oh, I mean, and that's sort of by definition, too.
00:20:41.660
I mean, like, we're both, you know, I don't know how deep James has gone into it, but, like, we're, you know, I'm a big fan of, like, Mises and Hayek, and, like, we're libertarian in our general philosophy.
00:20:53.420
Um, but, yeah, there's, uh, I can't remember the book, but Hayek said, it was, it was the book that, or not Hayek, um, Mises said it in his, um, collection of speeches he was giving in Argentina in the 50s, I think, about how there, there really aren't political parties anymore.
00:21:10.260
There are just collections of special interest groups that are represented at a federal level, you know, and so when you, when you realize that, and then you, you look at how society used to be structured before, um, politics became just collections of special interest groups pitted against other special interest groups.
00:21:28.140
You realize, um, I think this was, um, I'm not a huge Ben Shapiro fan, but I think this was him who said, that is a great quote, he said, like, you should be a, um, you should be a communist in your own family, a liberal in your community, and a conservative towards the country.
00:21:43.580
So, like, at each, at each greater level, because that, you know, as, you know, the provider of your family, obviously you have to be in charge of how the resources get distributed in your community, in your immediate community, your neighborhood, your community, you should be, uh, you should be generous with your time and your, and your effort to make sure your community is strong and thriving.
00:22:00.740
And then as far as, once you get as large as on a national level, um, you should just stay out of other people's finances.
00:22:07.320
That's the best way to, that's the best way to approach it, I think.
00:22:10.100
So, um, you know, when you look at how societies used to be structured where, um, you know, churches took care of a lot of the charity, I know, I don't know if the words are related, but it kind of sounds, saying them out loud, it sort of sounds like they might be, um, you know, you didn't rely on governments to, to dole out money to every interest that you, you may or may not have.
00:22:28.700
You know, your community church took care of a lot, um, people took care of each other.
00:22:33.620
And to your point, they didn't rely on, I feel like the way that our system is structured right now, it is really, this is not a knock on your parents because it's my parents too.
00:22:42.720
People just, it, it, it, um, capitalizes on people's most sort of, um, like lazy or like, uh, not my responsibility sort of instincts, you know, cause, oh, well, the government, it's a problem.
00:22:57.160
The government will take care of it, you know, then you can kind of, you've said your bit and you can take it off of your plate and leave it up to somebody else to do.
00:23:07.080
Well, you know, a hundred years ago, they didn't do it.
00:23:10.400
So, you know, I always tell people, you don't have to go back too far in history to see, you know, where some major shifts happen.
00:23:20.380
Um, yeah, with, without the F, I'll give you the, without the F version here right now.
00:23:27.220
In 1966, the social insurance number was introduced.
00:23:31.740
Prior to that, you weren't required to have a social insurance number to work.
00:23:38.180
Why does anybody need a social insurance number to work?
00:23:52.580
Well, you know, what gave the government the right to tax you to begin with?
00:23:57.800
When, at what point did you sign a contract or sign over your rights to your labor to the government so that they could tax you?
00:24:06.440
So, I mean, these are all things that we need to start having the conversations because, and I know they're difficult to have, but that's the reality.
00:24:13.160
So, you know, we, we have a healthcare system right now where you have one choice.
00:24:32.580
And so all of these things, like, so who gave somebody exclusive license to be able to tell, you know, you and I who we can see, who we can't see, who has got priority over our health, what options?
00:24:46.780
Because the government restricts options because, like you said, it's nothing but a group of special interests and whoever lobbies the government, you know, the loudest and has the most money and offers the most, you know, sweeteners.
00:25:01.840
To those in power, those are the ones who are, you know, benefiting from that.
00:25:14.120
Well, I'm going to tell you, you're never going to tax the ultra rich, which is how it's always sold.
00:25:19.620
They don't pay their taxes in the same way that we do.
00:25:23.600
They have expensive lawyers and expensive accounts and offshore bank accounts.
00:25:27.440
You know, sure, they may pay some taxes, but you're not going to catch them.
00:25:32.920
Money is fluid and it is extremely flexible and it just leaves.
00:25:49.380
And it likes to multiply as quickly as possible.
00:25:55.700
You know, so when you think about things like this, it's not hard to start having the discussion
00:26:02.780
But we have to be careful too, because Alberta, if we're going to leave, in my opinion, we have
00:26:10.840
We need a blank sheet of paper and we need to rethink about what we want and how we want
00:26:18.680
Do we want the same nasty fiat currency, you know, financial structure that we have today?
00:26:28.540
Do we want sound, solid financial policy and sound money?
00:26:38.100
You have people that are fighting to preserve a monopolistic health care system.
00:26:47.600
I'm happy to pay the insurance, but give me a choice.
00:26:51.580
Allow me to go where I want, where I choose to get and receive health.
00:26:56.760
I am not somebody who enjoys taking a Tylenol or an ibuprofen, let alone statins and all
00:27:03.560
these other things that they're constantly pushing at the hospital, right?
00:27:12.260
Not, I don't want to go to the doctor when I'm sick.
00:27:15.300
I want the doctor to tell me how to stay healthy, you know?
00:27:22.860
Education, again, do you want just one source of education?
00:27:26.480
Or do you want teachers to be able to freely be able to teach if your child is more geared
00:27:31.860
towards music or more towards athletics or more towards arts or more towards STEM, you
00:27:37.080
know, should they not be able to, you know, fundamentally, they need to be able to speak
00:27:46.520
Beyond that, education was supposed to be about pulling out of the child their, their,
00:27:53.000
their strengths, their natural abilities and, and helping them develop those.
00:27:57.680
And today, all we have is an instruction system and a daycare system, in my opinion, right?
00:28:03.520
And that is what I, I'm trying to challenge people to think about is like, what is it that
00:28:09.120
Do you want engaged citizens who can critically think the government does not, right?
00:28:15.080
But if you're brainwashed through the university system, you don't even know what's a boy or
00:28:20.100
It's going to be really difficult to have really challenging, critical conversations about the
00:28:26.060
tough things when we can't agree on the simple biological things.
00:28:30.940
There, there's a demoralization that's kind of inherent in that, like people can't make
00:28:37.360
So they're more easily influenced by kind of a centralized authority at that point.
00:28:49.480
And so there's a couple of points I wanted to unpack.
00:28:52.920
One of them being, um, you often have criticisms of capitalism that is not actually criticizing
00:29:01.780
It's criticizing these pseudo monopolies, um, these oligarchies, these, uh, like these cases
00:29:10.700
where companies are woven into the public sector or into the government that they have the sole
00:29:17.620
contract for something and then there's no competition.
00:29:20.520
So that's not a capitalistic system by any means.
00:29:28.700
You look at even like Sweden and Denmark that are, they're actually not, they're, they still
00:29:35.760
have robust capitalists, capitalistic systems, and they generate the wealth needed to actually
00:29:43.600
Um, so I think it's for anybody having some of these conversations, cause you'll, you'll
00:29:48.740
have Norway and you'll have these, um, these kinds of examples pop up and it's worth actually
00:29:55.680
kind of dissecting a few of those points because people conflate a welfare-based system with
00:30:01.560
a, like heavy regulation or a, they, they think of it as inherently a socialist system.
00:30:09.620
Well, it's really funny that you bring up Sweden cause I talked about Sweden in, uh, one of my
00:30:16.000
podcasts because a lot of people will bring up Sweden, they throw it in your face, like, ha, gotcha.
00:30:21.940
Sweden themselves will tell you they are not a socialist country.
00:30:32.140
And they almost destroyed themselves in the process to the point where they completely
00:30:39.600
They reformed their entire government structure.
00:30:46.240
And when people talk about their social welfare programs, you know, who pays for them?
00:30:56.580
Because they can run their businesses in truly a capitalistic way.
00:31:04.700
We have corporations that are in bed with the government.
00:31:17.000
I have always advocated that there should be no such thing as a lobbyist.
00:31:24.800
If the government didn't have the power to make the decision, well, you wouldn't have
00:31:28.580
lobbyists because there'd be no reason for them to exist.
00:31:32.400
So again, going right back to the beginning of all of this is like, um, what is the proper
00:31:38.220
And if the, if, if government, people want government to do social programming, you have
00:31:42.800
to stop and think about why can't we, the private sector do it first?
00:31:47.160
Because they will most likely do it better, cheaper, with a better outcome.
00:31:55.340
That's like, even in my book, I do propose if people want to keep, continue with healthcare,
00:31:59.380
they want to continue with, um, then let's just look at different places around the world.
00:32:04.340
Japan from a healthcare perspective does it for less money, but it too has a public healthcare
00:32:24.960
So how is it that they can do that, but we can't?
00:32:31.440
Well, and with Sweden too, I mean, that's, uh, uh, Aaron Gunn did a really good documentary,
00:32:35.740
uh, maybe about a year or so now, maybe a little more, uh, about some of Europe's healthcare
00:32:40.720
That's what was a real eye opener when you realize how much of the Nordic countries that,
00:32:45.600
um, leftists, you know, liberals will, will, um, point to as like, well, this is an example
00:32:53.040
Actually, they have very, very robust private systems, very strong private systems that lift
00:32:58.360
a lot of burden out of the public system and both function better.
00:33:01.180
And, and kind of to your point, I mean, there's a, um, there's a very strong millennial aspect
00:33:07.860
Uh, our generation with James and I are like smack dab in the middle of the millennial generation
00:33:13.840
Now it's hard to, it's weird to think of us getting, being in our mid thirties and being
00:33:17.580
millennials, cause you just think of them as stupid kids, but we kind of still are stupid
00:33:21.880
Um, but I was having a discussion with a colleague of mine about, um, that I think kind of cuts to
00:33:27.860
the point, like the, the, the really, really sharp end of the discussion here is, uh, when
00:33:34.140
you're talking about capitalism and you're talking about the market doing things better
00:33:37.020
than the government can, which is of course true.
00:33:38.920
But what her argument was from a, from a very, I mean, she's a self-described communist.
00:33:46.240
Um, I was given the example of how, like nowadays, I mean, you look at, you look at the fruits of
00:33:51.940
capitalism where, um, kind of a rising standard of living lifts all boats.
00:33:56.440
And you look at how like homeless people nowadays have smartphones, like literally homeless people
00:34:01.680
on the streets have iPhones that they can, you know, throw a few bucks at their phone
00:34:09.260
Um, her argument was that, and so I was saying like, basically you got to look at what, what
00:34:14.940
we're doing, even if there is income inequality, which of course there is, there's wealth inequality.
00:34:19.480
There's, you know, that's a, that's another, you know, discussion, but you look at where
00:34:24.540
the floor is and with capitalism, the floor is so much higher than any other economic system
00:34:31.580
that's ever been proposed or executed in human history.
00:34:34.740
Her response was, which I think you might find interesting.
00:34:37.860
I wonder what your response to this would be, was she said, well, it's not something to
00:34:42.920
the effect of it's not, um, what you shouldn't look at the, what the situation is, but what
00:34:53.380
So she, she's using an example of say like an Elon Musk or a Jeff Bezos or somebody in
00:34:57.960
like, look at all the wealth that they have, why shouldn't I have that sort of standard
00:35:04.280
You know, and she said, it's, it's a very, like, it's a, it's a thought process.
00:35:07.800
And she was, she said this unironically, like this is a very, uh, to me, it was a very like
00:35:12.140
envy sort of based, uh, way of, of viewing the world, not constructive to like actually
00:35:17.520
having the discussion of why are people's lives better?
00:35:21.280
But it's just purely looking at what the top 1% has.
00:35:28.040
It's how can I take from them so that they don't have so much more than me?
00:35:33.300
So it's, it's the debate around, um, you know, the, what I, so the opportunity versus outcome,
00:35:42.860
So it's, it's, do you want the opportunity to be able to compete equally, right?
00:35:47.920
And on your own merits, you know, you will determine your own value or you can take that
00:35:56.720
And envy is a nasty, nasty, uh, emotion because envy is very destructive.
00:36:07.120
Where do I, where did you, I got to get one of those.
00:36:14.720
If I can't have it, well, then you can't either.
00:36:18.880
And so that's, that therein lies the, the difference.
00:36:31.560
She thinks she, you know, is entitled to it because somebody else has it.
00:36:35.580
Well, is she willing to sleep on the sofa in the office?
00:36:44.040
Um, is she willing to risk everything she owns?
00:36:48.460
This is, this is the whole thing about, even the government does this.
00:36:51.120
They do this with small businesses all the time.
00:37:02.020
Not knowing whether they're going to put food on the table tomorrow, whether or not they're
00:37:06.180
And I know because I'm an entrepreneur, depending upon the day, ask me.
00:37:10.880
Then the government will put some stupid regulation in place, which makes my life a living hell
00:37:15.300
and an even greater nightmare than it already is.
00:37:17.680
That affects my business, but doesn't affect them.
00:37:20.560
And everyone else is like, I don't know what the big deal is.
00:37:24.760
Because if I can't compete fairly with the skills, the knowledge, the expertise and the
00:37:29.280
tools I have at my, my resources, then I am now constantly having to readjust.
00:37:40.040
That means I can't, you know, there's a whole bunch of things that people don't see.
00:37:43.840
And so when you're a business owner, you assume all of that.
00:37:52.140
Let me tell you, being a business owner and these kids that think the way that she thinks,
00:37:59.280
well, she doesn't think that, she doesn't see any of that.
00:38:04.980
She just thinks that she, you know, what, he woke up one night and he was a billionaire?
00:38:09.540
Well, what about the mom and pop who, let's say they slaved away and they put away 2 million.
00:38:14.020
Now the government comes and says, well, hey, you made 2 million bucks.
00:38:17.880
Well, they don't get paid a pension along the way.
00:38:20.620
They don't get healthcare benefits along the way.
00:38:23.740
They were the ones who had to pay for their dental, their eye care.
00:38:26.500
You know, when the kids got sick, somebody had to stay home, all of these things.
00:38:31.520
And they finally squirrel enough away to retire, maybe sell their business.
00:38:36.580
And now that individual goes, well, the government should take half of that and give it to me.
00:38:41.980
Well, I didn't take half of everything that you had as you went along the way because you got to work
00:38:47.140
only nine to five in a nice cushy government job where you got all your benefits paid for
00:38:51.480
and you never had to worry about, you know, paying the mortgage or the, you know, this
00:38:54.840
is the problem I have with some of the unions today, right?
00:38:57.660
They're making demand for more wages, but wages are not the problem.
00:39:03.980
And they, therefore, because affordability is a problem, they themselves are part of the problem.
00:39:08.720
Right, because the productive part of society just cannot keep up with the demands of those
00:39:16.460
people who, you know, don't understand what the small business owner, the medium-sized
00:39:23.260
So, you know, for me, when I look at individuals like that, it's like, you want equality of
00:39:32.060
Because if you want equality of outcome, you know what happens?
00:39:34.960
The lowest common denominator will all be on the street living in the, all the same
00:39:39.980
square little 300 square foot box that they're going to put you in.
00:39:47.180
And that's been proven in history time and time and time again.
00:39:50.420
Any and every time communism has been implemented in any country, that's exactly the outcome.
00:40:00.060
But, oh, of course, you can always do it differently, right?
00:40:05.620
I did want to say, for those who would want to be a billionaire, you can move to Zimbabwe
00:40:14.980
So if it's just the number of zeros, yeah, like you just want more zeros behind your dollar
00:40:23.880
Or can you get more for the each dollar that you, that, that you spend?
00:40:32.680
If you work for 20 years and you work 80 hours a week, you're going to lose more of that than
00:40:38.160
if you were decide to work for 40 years, but only 40 hours of like half that amount of time.
00:40:45.140
So there, there is a, essentially it's like, if you're trying to work super hard to establish
00:40:55.160
like a good plan for retirement, essentially like you're in a higher tax bracket, you are
00:41:01.280
Uh, it's harder to save that money and you've got to like, you essentially got to gamble and
00:41:07.800
invest it in ways to keep it going, which that's your whole field.
00:41:12.500
I don't know if gambling is the right way to, to describe that there are safer ways to gamble
00:41:16.960
and there's less safer ways to gamble, but it feels like right now there's nothing sound
00:41:22.080
that actually saves our dollar and it's penalized from the government in multiple ways, but it's
00:41:28.340
also, you've got this soft, like it's eroding through just the expansion of the money supply
00:41:36.100
So it, like, there's no way for people just to store the value of their labor.
00:41:44.240
Um, and I think that's the first problem because it, um, we've kind of talked about this before.
00:41:53.300
So if you wonder why people are so stressed and they can only think in the next six months
00:41:58.260
or year, partially because the language that we communicate over decades is now being eroded.
00:42:07.900
If your money is worth 90% of what it's actually worth that far into the future, it's hard to
00:42:16.460
So it shifts the population to a short time preference.
00:42:19.900
And essentially these things make it easier for people to be controlled by the next buzz policy
00:42:29.840
So it's hard to go down to the base layer of it all.
00:42:35.060
Um, and I, I think that's maybe a difficult conversation for a lot of people, especially
00:42:40.000
the more collectivist based ones that are stuck in this pseudo empathetic kind of state.
00:42:47.920
It's kind of like the climate change conversation though.
00:42:50.980
I always, I've had this conversation with many people and I always ask them, so what are you
00:42:57.060
And then you get this blank look, oh my Lord, what do you mean?
00:43:05.240
So if you want to be a billionaire, you can be a billionaire.
00:43:07.460
But are you willing to do what it takes to be a billionaire?
00:43:13.300
Like I can tell you right now, I'm not willing to do what it takes to be a billionaire.
00:43:26.260
You know, some of them just get lucky and at the right time, right place.
00:43:30.140
And sometimes it's who, you know, not necessarily what, you know, but those, it doesn't matter
00:43:34.980
along the way, it doesn't matter which of those courses, if you just kind of locked into
00:43:39.540
it or whether you had to work for it, it's, there's, there's a price to be paid to have
00:43:46.660
And they're often, some of them are very lonely along the way.
00:43:49.900
They lose relationships, not only, you know, friends and family, but they lose wives and,
00:44:00.080
So for me, I want to be wealthy enough to afford the things I want to do.
00:44:03.900
Take, you know, the regular vacation, you know, put my kids through school, um, you
00:44:09.460
know, have enough to get through retirement, but that takes some effort, right?
00:44:14.480
And a lot of people today are not even willing to say, well, I'm willing to put the effort
00:44:19.400
You can't sit at home and play lotto and expect to get wealthy.
00:44:25.540
It's like, it's like saying, well, you know, and we're, we're seeing this with, with bodies,
00:44:29.480
you know, and, and wait, everybody wants to take the pill.
00:44:37.520
Nobody wants to go to the gym and put the discipline in that's required to lose the 20
00:44:48.760
And you have to ask yourself, how much is enough?
00:44:51.780
And I always tell people, it's not about money.
00:44:53.960
It's about what it is that you want to do in life.
00:44:57.920
You know, the best investment any person can make is in yourself.
00:45:01.820
My dad taught me that a long time ago, and that is consistent with every wealthy individual,
00:45:08.720
They're like, Nadine, the best investment you are going to make is in you, your education.
00:45:17.080
Because if you make yourself valuable to somebody else, then you add value.
00:45:23.280
It's when you sit at home and you do nothing but whine and complain.
00:45:26.700
Nobody wants to listen to a whiner and a complainer, right?
00:45:30.480
They want people who are going to get out and do stuff.
00:45:32.820
You know, one time I was at an event, this was many, many years ago, and I had this little
00:45:38.180
cowboy, he was an older gentleman, cowboy come up to me, he was much shorter than me,
00:45:53.260
But he said to me, he says, you know, he says, do you know Beth?
00:45:59.020
Went, and then it dawned on me, he's thinking Yellowstone Beth.
00:46:06.060
And he says to me, he says, you remind me of Beth.
00:46:09.300
And I just, I had to take a moment and I said, please tell me it's not the bat shit crazy part.
00:46:14.080
And he says, no, no, no, it's the get shit done part.
00:46:29.780
You know, now I do my fair share of complaining about government.
00:46:33.260
Government is the hardest thing to work around because you have no control.
00:46:39.540
You're just subjected to it, whether it works for you or it doesn't.
00:46:43.640
So, you know, this is why I always tell people, please, if you want the government to do something,
00:46:48.480
it's like, don't ask, you know, on behalf of everybody.
00:46:52.300
Because I really would rather the government do less.
00:47:07.240
And that's what we have to get back to a little bit more is realizing.
00:47:10.260
And I think a lot of that boils down to self-worth.
00:47:12.260
People need to understand that you do have value.
00:47:18.300
Nobody adds value to anybody sitting at home playing video games.
00:47:25.020
How many people are willing to do to share their ideas and to have somebody tell them that
00:47:30.860
they were wrong publicly on a Facebook or a YouTube channel?
00:47:37.620
Are you willing to take the risk in order to get the reward?
00:47:42.440
Yeah, that's a really good kind of the theme that I'm getting.
00:47:51.740
And we've sort of talked about this on the show before.
00:47:54.140
And it's kind of a matter of like when you're talking about performative behavior versus
00:48:04.000
You know, that's perfectly encapsulated when you mentioned the climate change discussion
00:48:08.580
because you got guys in like, you got guys driving Teslas like thinking that they're
00:48:12.820
changing the planet as they're plugging into a charger where the energy from that charger
00:48:19.200
So like there's no, you know, they don't take it to the logical, you know, to the logical
00:48:28.400
I get to drive around in an electric car and I get to feel like I'm having an impact.
00:48:32.960
So I guess, you know, another one of the things we say all the time here, and it's probably
00:48:40.180
getting boring for the, you know, subscriber number 20 that we had that watches all our
00:48:45.660
But, you know, you'll have a hundred by the end of tonight.
00:48:49.860
Well, that guy that's been watching us for a year and a half who hears me say this every
00:48:53.240
other episode, but like a lot of the political discussion now is so cartoonish in its depictions
00:49:01.160
of, you know, you've got, you know, the far left and the far right.
00:49:05.540
I talk about horseshoe theory all the time where you think of rather than thinking of
00:49:09.320
politics on a line of the left and the right, you think of it as a horseshoe where the furthest
00:49:14.820
left and the furthest right actually tend to resemble each other more than the vast bulk
00:49:20.300
of, you know, the majority of people in the country who are generally pretty reasonable
00:49:26.920
So in your opinion, when we're having these discussions in the coming weeks and months,
00:49:32.600
you know, leading up to this referendum, what we've been asking all our guests this, what
00:49:37.140
is your, like, what's your pitch to a leftist who views, and I'm using leftists a little
00:49:42.800
bit derogatorily, but a liberal, more liberal minded person who sees the idea of independence
00:49:55.940
We're not actually interested in, we just want disunity.
00:49:58.820
We want to be a, you know, subject to Trump and, you know, a 51st state, whatever.
00:50:03.000
Like, it's all these sort of cartoonish images of what being an independence advocate means.
00:50:07.720
What's kind of your pitch to that person to, like, at least get them to have a second thought
00:50:11.840
about, like, you know, beyond the money, beyond any of the real practical things, do you sort
00:50:16.780
of have an emotional plea, because a lot of leftist politics is based purely on gut emotion
00:50:26.140
So do you have something that you've thought of, or that's worked for you in your discussions?
00:50:39.740
When you're done with it, give it to a friend, right?
00:50:43.880
And then give them a deadline, because nobody does anything without deadlines.
00:50:54.120
So really, it's just about opening the dialogue, right?
00:50:57.480
So when you tell a leftist person, you give them a book and you say, tell me what to disagree
00:51:02.380
And this is a book that they think, because this is not a book necessarily about Alberta
00:51:12.040
And so, but they're going to scour through this.
00:51:14.480
I promise you, they will be like, I will find lots in here to disagree with.
00:51:22.720
Because it talks about better education, better health care, lower taxes.
00:51:27.060
You know, it talks about, you know, more choice, more opportunity, more freedom, right?
00:51:33.500
So I don't know too many people who are opposed to those things.
00:51:36.140
And if you are, well, then there are other countries around the world that would be happy
00:51:42.680
Interesting how they just never seem to make the trip to North Korea, hey?
00:51:52.940
You know, when you look at it on a map at night, it's black.
00:52:02.220
You know, so for me, my pitch is really transitioned into that.
00:52:15.940
And she said to me, Nadine, I'm going to be honest.
00:52:18.100
She said, I took another book with me because I didn't think I'd get through it.
00:52:23.220
She's a little left of center and from Newfoundland.
00:52:43.900
Because if you can at least convince somebody to, look, just take a listen.
00:52:48.600
That's the hard part with the left is the conservatives always come at them.
00:53:10.320
For you, for your children, your grandchildren, whomever it may be.
00:53:21.280
Because as a finance person, I'm always looking at patterns.
00:53:28.780
Is Canada improving or are we, you know, disintegrating?
00:53:33.000
You know, which direction on that scale is it going?
00:53:44.580
But people are also, to your point, driven by fear.
00:53:50.680
So if you want to continue down this destructive path of paying more for less, then let's keep
00:53:57.260
But if we want, you know, better results for less, right?
00:54:16.500
But the hard part is, is you got to, the first step to any of that is you got to get
00:54:19.880
somebody who's willing to at least engage with you, listen to you.
00:54:23.080
And I always tell people, rather than you talk, let them do the talking.
00:54:37.780
If I gave you a blank sheet of paper tomorrow and said, what do you want?
00:54:50.700
And then say, now, how would you make this better?
00:54:56.180
And the history tells us that the government doesn't make things better.
00:55:02.880
So we have to start getting people to start thinking enough, open enough to basically expose
00:55:09.640
You know, and that's, in my opinion, that comes through history.
00:55:17.860
But it's all right there for us to just take the time to do it.
00:55:24.620
And James, I know you wanted to come in with a point, but I just, just a quick comment on
00:55:29.460
The, um, that's a really powerful psychological tool that you are using.
00:55:34.780
Uh, when you give people your book and you say, tell me what you disagree with, uh, because
00:55:39.480
you're, you're, uh, you're beginning with the negative.
00:55:42.440
Like it's much easier for people to, like they say, when, you know, you're, you're a salesman
00:55:46.900
calling somebody, it's rather than saying like, do you have a few minutes to chat?
00:55:50.660
You know, the, the best actually question is, did I catch you at a bad time?
00:55:56.600
You give people permission to say, uh, yes, I, you did catch me at a bad time, but let's
00:56:01.980
chat when, you know, at this time, if you're saying, if you're coming at it with, what do
00:56:07.260
Well, that gives them permission to be like, Oh, I disagree with.
00:56:10.080
And then, and then they may not find anything to you rather than you saying, here's a belief
00:56:14.700
that you should have, and then they can react with, no, they can just, they can just say
00:56:19.440
no, that allows them, it puts them in the driver's seat.
00:56:22.780
In my, my, I told you I owned a defense company, my aerospace and defense company was modeling
00:56:31.580
So psychology, psychology is something that has been used on people for a very long time.
00:56:36.840
And I don't use it from a manipulative perspective.
00:56:39.360
Um, but the reality is Edward Bernay is the master of spin.
00:56:45.280
I don't know if you guys know who that is, but he was the nephew of Sigmund Freud.
00:56:50.320
So Sigmund Freud learned about the subconscious and wanted to implement that from a good perspective.
00:56:56.300
Well, Edward Bernay realized that, yeah, you can manipulate people subconsciously.
00:57:05.060
And so all the marketing stuff that you see, that you feel you have to have something now,
00:57:10.180
it's not a want anymore, it's a need, um, all of these things.
00:57:15.520
And, and, you know, these are the things that are being used.
00:57:22.520
If you say something enough times, all of a sudden it becomes truth because it is said by authority
00:57:33.940
They keep people so busy, so distracted, so occupied, and so stressed, you know,
00:57:40.140
Some people are working two, three jobs to do that.
00:57:50.360
And so for me, my hope is that I want people to want to live life, enjoy it to the fullest.
00:57:56.720
I want people to love what they do and not do what they have to because they have to put food on the table.
00:58:03.080
But that means we have to revamp some of the systems that we have.
00:58:06.540
And in order to do that, that means you have to be willing enough, open enough to explore other options.
00:58:12.160
Doesn't mean we have to do all of them, but you at least have to be willing to have the conversation.
00:58:18.760
They're trying to shut all the conversation down around all and any narrative that does not conform with the government's official narrative.
00:58:31.200
That is probably the most dangerous thing I have seen in my 53 years on this planet.
00:58:50.540
You don't have to hypothetically, you know, theorize about it anymore.
00:58:57.700
And everything is always done under the guise of, it is for your safety.
00:59:06.340
I want to be free to take calculated risks, right?
00:59:11.760
That I know and understand and I'm willing to accept the consequences for a better tomorrow.
00:59:20.600
And the government is saying, well, sorry, no, you're not allowed to take that risk.
00:59:37.380
But when the government says everybody's going to jump off the cliff, you don't get a choice.
00:59:46.400
It's the gun to your head that says you will do this that I object to.
00:59:57.700
But I think people get around that by sometimes they'll feel like, well, this current government, well, they've got my best interests and hearts.
01:00:07.440
Maybe they agree with the liberals because they're wearing the same colored T-shirt as them in this moment.
01:00:12.960
And these same people are so quick to point out other people in the government that they hate, that are corrupt and are doing bad things.
01:00:23.620
And they've wasted money and they've done this and that.
01:00:25.940
And what I ask them is if our system allows those people wearing that different colored shirt to become that corrupt.
01:00:33.240
And if it allows that corruption to mess with our country or mess with your life, that is too much power.
01:00:42.600
Then what would a system look like that prevents anybody from wielding that power from becoming corrupt and with messing with your life?
01:00:53.240
So if they wouldn't trust this power with somebody that hates them, then why have we given so much power away as a simple question?
01:01:03.900
Well, ask yourself, would you trust yourself with that kind of unlimited power?
01:01:09.920
You know, most people know themselves well enough to know that, yeah, no, I need some checks and balances in my life too.
01:01:18.980
And so, you know, and the other thing is, is if the one side's doing it, you know the other side's doing it.
01:01:23.820
Because if the system allows it, then the system allows it.
01:01:34.960
So, you know, for me, we used to be naturally suspicious of the government.
01:01:42.480
But the government, it was at Ronald Reagan, right?
01:01:46.440
Nine most dangerous words you could ever hear in the world today was what he said.
01:01:51.900
And he says, I'm here from the government or I'm the government and I'm here to help.
01:02:00.120
If you look at does the government make things better or worse?
01:02:03.600
Does the money get to where it's supposed to go?
01:02:07.620
You know, has, and I'll talk about a hot subject here right now in Alberta, the indigenous.
01:02:14.420
All the billions upon billions of dollars that are spent.
01:02:20.960
Doesn't get down to the people living on the reserves.
01:02:24.080
They're still living without potable water, for heaven's sakes.
01:02:48.360
So it seems like every time the government declares a war on something, the outcome gets worse, not better.
01:03:04.400
If the government gets involved, the outcome is worse, not better.
01:03:10.860
I don't know if you've read San Francisco by Michael Schellenberger.
01:03:19.980
Michael Schellenberger, for anyone not familiar, is a California-based writer.
01:03:25.100
His book before then, it was called Apocalypse Never.
01:03:30.080
He started off essentially as a California liberal that just educated his way into being a California-like libertarian because he saw how corrupt everything was.
01:03:40.380
And, you know, he approached the, so San Francisco is about like, you know, obviously all the homelessness.
01:03:45.900
I think the subtitle is like, how progressives ruin cities or something like that.
01:03:50.880
And, and it just explores like San Francisco, Vancouver, Seattle, Portland, all these cities that have seen huge rises in drug crimes and drug problems, homelessness, crime.
01:04:02.000
Um, and why the, the, the progressive establishment surrounding that is actually, it's perversely incentivized.
01:04:10.260
Um, you know, they, they use precisely the opposite tools that you would want to use to actually solve the problem in order to perpetuate an industry that allows them to keep pretending that they're always just around the corner from being able to solve the problem, you know?
01:04:31.140
So the best way to make sure you have a crisis is to be the one who creates it.
01:04:36.880
I mean, that's like any, any like normal person prior to like 30 seconds ago would say that, you know, what's the, what's the worst thing that you could possibly do to a drug addict?
01:04:49.600
But somehow, you know, we've been conned into thinking that this is a, this is a empathetic, you know, compassionate government program that's, you know, saving lives.
01:04:58.560
And it's like, it's, it's exactly 180 degrees opposite bizarro world.
01:05:06.560
Mike, did I tell you my idea on safe consumption sites for people with peanut allergies?
01:05:12.740
It, it, like we can just set up a government supervised sites.
01:05:17.160
We hand out the peanuts, we have EpiPens, medically trained professionals with EpiPens standing by and that's harm reduction.
01:05:44.120
I mean, it's like, and so I'm just, I'm just tired of like, you know, I think we're all in the same boat at this point.
01:05:50.060
Like, I'm just kind of sick of living in this, you know, I don't want to be told up is down anymore.
01:05:55.260
And, uh, uh, yeah, so this is, this is a crazy, I'm going to just tire right back in here because we've, we've been going for over an hour.
01:06:01.840
Uh, Alberta needs to separate because of X, Y, and Z.
01:06:07.020
And I think we, we've gone through, through the X, Y, and Z, but, um, I think probably the, the most, the more, the most pressing issue for people involved in this movement.
01:06:18.780
And you can tell me if you agree with this right now, people like us who are involved in this movement, the most pressing thing is, I think it's two sides of the same coin.
01:06:28.860
We, we cannot be like arguing with each other publicly on Twitter.
01:06:32.020
Like some of us are doing, you know, people already in, in this movement, nitpicking over the exact right wording or the exact right policy for things that haven't happened yet in a, in a country that doesn't exist yet.
01:06:45.000
Uh, that's, that's really disheartening to see.
01:06:46.960
And we need to be very unified because if the left is anything, it's unified.
01:06:50.800
Um, and the other side of that same coin, I think is, you know, James has particularly been concerned about this with a couple of videos that he, he, uh,
01:06:58.840
recorded on the channel leading up to Christmas, how to talk to your family, how to talk to your leftist, your liberal family members, your friends about this in a way that doesn't start arguments because we cannot be turning people off at the idea.
01:07:12.400
And it needs to be, we need to be a positive, like we're fun, positive people.
01:07:24.460
So like people need to see this side of it and not just think of it as like the most cartoonish caricature of a rural Alberta farmer that, you know, you might think is the only guy in favor of this.
01:07:37.700
So, I mean, the thing for me is ask questions, ask the questions, you know, what, what, what, what is your hangup?
01:07:44.240
Like, what is it that you, that you're really concerned about with Alberta independence?
01:07:50.340
Daniel Smith is going to take away my pensions.
01:07:54.400
And well, Dan, I'm, you know, glad you think that she has that kind of power.
01:07:57.140
She doesn't, but, you know, and, and people, you know, what was really funny for me?
01:08:00.660
I had, when I did the Alberta pension plan presentations, I did, I had people go, you know, Nadine, by the end of my presentation, they were coming up to me.
01:08:07.940
And these were people who trust me, I knew were on the left.
01:08:11.200
Um, and they would come up and they go, okay, so I agree with you.
01:08:15.300
The best thing we could do is get an Alberta pension plan.
01:08:17.440
Let's get out from under the Canada pension plan.
01:08:39.660
And if the talk doesn't match up with the outcome.
01:08:44.760
Because I hear a lot of talk and it sounds really great and a lot of promises, but they
01:08:53.280
So I call that out and I call it out on either side.
01:08:56.340
I don't care which side of the fence you're on.
01:09:00.700
I'm in this because I want a principled approach.
01:09:07.040
And if you promise me that outcome, I'm going to hold you to that outcome.
01:09:10.360
And if you don't deliver, I'm going to call you out for it.
01:09:14.560
And on this side, you know, you put a good thing there because we do have a lot of people
01:09:20.680
You know, I and, you know, people that say like, oh, no credible separatist agrees with
01:09:33.360
You know, I don't we don't all have to agree on everything.
01:09:38.020
The whole point is to have the conversation, to have the debate so we can get to the truth.
01:09:44.860
And if we're going to attack each other, though, and make statements like that, then
01:09:50.500
So but the other thing, too, is focus on the next task at hand.
01:09:54.580
The next task is to get to yes on a referendum.
01:09:57.560
Well, we got the petition, but the point is to get to yes on a referendum.
01:10:01.180
There's talks about indigenous and how we're going to deal with treaties or talks about,
01:10:04.760
you know, how we're going to deal with this or how we're going to deal with that.
01:10:06.980
Well, one step at a time, like, let's not put the cart before the horse.
01:10:13.920
And right now that is let's get to yes on a referendum.
01:10:16.760
There are people out there who are saying a whole bunch of things that I completely disagree
01:10:21.260
We all agree that we need to get to yes on a referendum.
01:10:26.900
How do I get those signatures on that piece of paper?
01:10:32.720
And again, it doesn't matter if you are Albertan and you want the best possible future
01:10:39.080
for not only you, but your children and your grandchildren.
01:10:42.380
You have to take this seriously because you are not the trajectory.
01:10:46.060
Again, finance, everything is patterns, cycles.
01:10:58.840
So let's create the positive shift that is in our favor, that puts us back in the driver's
01:11:05.580
seat, us in control of our destiny, our futures, not in the hands of Ottawa.
01:11:11.440
So, yeah, I think it's a balance when it comes to having these kind of conversations because
01:11:20.860
The ultimate goal is a yes vote on the referendum.
01:11:25.280
But if we have zero conversations, then anybody wondering, they'll claim that we haven't thought
01:11:34.060
things through enough and there would be too much uncertainty for them to even want to
01:11:39.620
So there is a careful balance in the middle where we're having respectful conversations,
01:11:45.240
respectful brainstorming without kind of this infighting that's demonizing each other in
01:11:53.080
If we demonize each other, then who's going to join a movement that feels negative and
01:12:00.580
We need to be presenting a positive vision for the future that's welcome enough for people
01:12:06.080
that are on the fence that they would want to actually join.
01:12:15.740
A positive vision, you know, be a part of the conversation, be a part of the solution,
01:12:30.260
We've talked about that before, too, where it's like conservatives tend to be like, I like
01:12:36.060
You know, as a man, sometimes I'm kind of stupid when it comes to things with my wife.
01:12:40.140
You know, sometimes she doesn't want me to inundate her with solutions to her problems.
01:12:44.580
Sometimes she just, like you said, Nadine, just want somebody to listen, you know, ask
01:12:48.700
questions, see how you're feeling about something.
01:12:51.120
So it doesn't always have to be, you know, I'm not, you know, getting my toolbox out and
01:12:56.820
We're just talking about like, here's some, here's some positive visions that we have
01:13:04.820
Well, I mean, to bring Sweden back up is a perfect example.
01:13:07.840
Are we willing to make the changes that Sweden made in order to have what they have today?
01:13:13.560
Because I'll tell you, we're on the wrong track, right?
01:13:16.920
We're on the Venezuela track that they now have to fix.
01:13:20.640
Sweden was on that track and they had to fix it.
01:13:23.380
And, you know, it was really interesting when the government came to fix it, all levels of
01:13:29.300
government, it was a completely nonpartisan decision and they reformed everything.
01:13:38.260
And it's one that people should take the time to at least investigate, even just slightly
01:13:42.920
because they risked, well, actually they didn't have anything to risk.
01:13:50.540
Canada's on the, you know, we're on the, we got nothing left to lose path, right?
01:13:55.240
Except, well, I mean, we do have a little bit more we can lose.
01:13:57.340
We're just, you know, Carney talks about foreign investment.
01:14:00.280
We're giving away our natural resources for pittance.
01:14:07.140
We need to become producers, manufacturers, not just seller of, you know, raw materials,
01:14:27.060
So, you know, you can have social welfare programs if that's what you truly want.
01:14:30.900
I don't particularly believe that's the right role for government.
01:14:37.380
But that means you have to be willing to pay for them.
01:14:39.500
That means they also have to be structured in a way that they're sustainable, right?
01:14:45.060
People go, oh, my God, it's too much to take on.
01:14:47.180
It's like, seriously, I had people tell me that a pension plan was too complex for people
01:14:55.620
There are people like me and many, many others who are very well qualified to run them.
01:15:07.060
Well, it's new to you, but it's not new to the people who do it every day, right?
01:15:12.120
Healthcare is not new to the people who do it every day, right?
01:15:16.320
So, you know, these solutions that I proposed in my book, for example,
01:15:19.660
they're, you know, they're solutions that we could implement easily enough tomorrow.
01:15:23.460
Well, I ask people that, too, about, like, the pension plan bit is easy.
01:15:28.340
I mean, oh, we can't have a provincial pension plan?
01:15:34.680
And they get relatively similar up years, some down years, you know,
01:15:38.860
but relatively in line with the Canadian pension plan.
01:15:48.300
When it's Quebec, they're like, well, yeah, it's Quebec.
01:15:53.620
Well, the Alberta pension plan is a whole conversation in and of itself,
01:15:59.380
but they also need to understand what they're not.
01:16:09.000
Why is it that, you know, if you have a spouse that dies,
01:16:14.380
why is it that that pension then goes back to the government?
01:16:16.980
Why is it that you don't get to keep it, right?
01:16:20.440
Like if you just look at just a pure numbers perspective,
01:16:23.500
if you had invested the same amount of money that you gave the government
01:16:27.320
and your company matched, right, just the exact same program, dollar for dollar,
01:16:33.240
you would have, you know, $1.3 million in your bank account, right,
01:16:39.180
at a 5%, so just a modest percent interest that you would have been earning
01:16:49.580
You can give it to your kids if you happen to outlive it.
01:16:52.560
And that's a $6,000 to $8,000 a year or a month,
01:16:56.960
$6,000 to $8,000 a month pension that you get to live on.
01:17:15.280
The other one is like, okay, the cat food is on sale this week.
01:17:19.720
Yeah, if people truly knew how little you actually get from your pension
01:17:23.340
versus what you've put into it over your lifetime,
01:17:28.100
And to what you said, I mean, my father passed away a few years ago
01:17:31.760
and my mom had to deal, like, if you want to look at it,
01:17:34.720
there's a few events that, like, you know, what radicalized you, Mike?
01:17:40.540
And then also my mother having to fight with the government
01:17:43.620
to get survivor benefits from my dad's pension that he paid into for,
01:17:53.240
I mean, if people understood, you know, I don't know, people have called it,
01:17:57.460
maybe you disagree because you know more about this,
01:17:59.640
but people have called it, it's essentially gone from being a pension plan
01:18:03.780
to being actually more of a Ponzi scheme because the funds just truly aren't there.
01:18:08.200
And that's why they have to keep pumping people into the country.
01:18:11.140
And it's just a, it's a system that can't survive on its own.
01:18:14.100
And that's partially why there is so much opposition from the Laurentians
01:18:19.280
to Alberta separation, because they know that if, you know,
01:18:22.860
we took out what is ours of the pension, the whole thing would,
01:18:29.700
It's just, you know, this whole idea that it has 75 years of sustainability,
01:18:33.640
all that's based around immigration and people continually paying into it.
01:18:45.780
We could have set this up as individualized pensions.
01:18:48.080
We could set this up where there's a larger lump sum that's made up front
01:18:53.280
And then it just continues so that you're not the one that has to do it.
01:18:57.140
You know, there's so many amazing opportunities that exist
01:19:01.920
around the Alberta pension plan that, you know,
01:19:04.180
and that seems to be a big hangup for a lot of people
01:19:06.320
on the independence conversation, which is why, you know,
01:19:14.320
It would be an hour long presentation and all the data,
01:19:19.060
Alberta is so much better off, so much better off,
01:19:22.820
because right now what we do have is a Ponzi scheme.
01:19:27.180
Yes, there is a little small bit, you know, that the, the, the CPPIB,
01:19:30.560
which is now CPP, um, you know, Canada Pension Board, um, manages.
01:19:36.380
But, you know, even that amount is, people were shocked this year to see,
01:19:41.080
oh my gosh, pensions are down as a government asset.
01:19:55.520
If you're 55 years old, you've paid into this thing your whole life.
01:20:07.040
And then there's a little benefit tacked onto the end of it.
01:20:09.380
When it started, 7.9 employees for every one person retired.
01:20:26.240
We over contribute by the tune of about three to five billion dollars each and every year
01:20:33.240
That's three to five billion dollars we could keep here.
01:20:39.680
So we had a referendum on equalization and 67% of Albertans said, get rid of it.
01:20:46.920
The Alberta pension plan should be absolutely no different because the benefits don't have
01:20:55.420
And we get to keep an extra three to five billion dollars right here at home in Alberta
01:21:00.260
to either A, lower your taxes, build more schools, build more hospitals.
01:21:05.380
It's our money to decide what to do with, not Ottawa's, to fund other people's retirements
01:21:10.800
I think you'll remember the actual quote of who said this.
01:21:16.340
I'm bad with the remembering names, but nobody spends your money as carefully as you do.
01:21:24.720
Like, as soon as it's somebody else's money, like, you are not, like, you don't really,
01:21:32.200
you don't think about, like, well, what did I actually put in to earn this?
01:21:40.160
And this pension plan right now, it's more redistribution of wealth.
01:21:47.740
You aren't getting back what you're paying in unless you are under earning.
01:21:52.860
Now you're getting somebody else's, the result of somebody else's labor.
01:21:56.340
And so if somebody feels like, yeah, they want to keep, they want to get what they put
01:22:03.460
into this, then the way to do that would be through an Alberta pension plan or an independent
01:22:10.980
Well, the way to do that would be to have no pension plan at all, but to actually take
01:22:15.620
I would even be okay with if we wanted to say, you know what, the government said, okay,
01:22:19.720
you have to have a savings account or an investment account, you know, and then let's even set
01:22:26.400
it up, like, why is it that it has to be taxed and then taxed again, right, when you draw on
01:22:32.940
So, like, there's all these things that we can do to improve, to make it better.
01:22:39.740
And so this was one of the things for me with Danielle Smith and this UCP government, I was
01:22:45.060
If they had just did this the day that they made the announcement, would people be collecting
01:22:52.920
And they would realize that, oh, wow, wait a minute, I'm not losing anything here.
01:23:00.900
So let's stop playing the political games and, like, let's start taking the actions that
01:23:06.840
So, you know, with respect to the Alberta pension plan, absolutely.
01:23:10.220
Best thing that Alberta can do, it's another cog in the wheel that we could just check off and
01:23:14.240
say, hey, it's one less thing that we have to worry about as a result of independence.
01:23:19.800
And it's something that should have been done a long time ago.
01:23:27.280
And we can do it, by the way, without ever taking a dollar out of the Canada pension plan
01:23:32.640
I want my $350 billion that Canada owes us back here in Alberta, but at the $120 billion
01:23:41.220
that, you know, Trevor Tome and that group said, that's quite workable.
01:23:54.820
So we could turn around tomorrow, not get a dollar from Canada, pay every retiree we
01:24:02.200
have here in Alberta, save and invest our $3 to $5 billion and let that grow, and we
01:24:20.280
Yeah, that is such an indictment of the system.
01:24:23.000
It's amazing what can be done when you don't waste money.
01:24:30.060
And I mean, and, but that means you have to know, and then you don't know the answer,
01:24:42.760
And there's expertise, there's talent, there's people that are already doing this.
01:24:50.060
You may not understand all the moving parts and pieces, but it, there's people doing it
01:24:58.440
Government thrives on, on opacity, you know, and, you know, just don't worry about it.
01:25:05.560
Let, you know, let us take, you know, take care of it and handle it.
01:25:08.580
But yeah, this is a, um, this is a very cool moment we're in right now.
01:25:14.000
Um, I feel more and more empowered every day and I feel more confident every day that I,
01:25:18.100
I see people like you, um, you know, on the scene guys like, you know, Bruce party, Jeff
01:25:24.900
Like, you know, we, we get more and more confident with the messaging every day rise of Alberta
01:25:30.020
on, on Twitter is awesome for like infographics and stuff, you know, take the, um, who else?
01:25:36.720
Uh, uh, Keith Wilson, of course we had him on the show recently.
01:25:39.740
I mean, there's so many like really, really intelligent voices in this movement, Eva Chippyuk.
01:25:45.160
Um, and so, yeah, I just feel like more and more confident every day.
01:25:49.060
Nadine, is there something that we maybe didn't touch on or, or didn't ask you that you wish
01:25:56.640
Um, no, I mean, there's so many things going on in the world and so many conversations that
01:26:01.440
we could have, like we are going to have to do this again.
01:26:06.220
Um, I don't know if we want to share a little bit about the fundamentals of truth that's
01:26:14.500
Um, Saturday, you know, great lineup of speakers, including Bruce party, who you just mentioned,
01:26:19.340
Jack Mintz is coming to talk a little bit about the economics of things and things that,
01:26:24.000
people overlook or misinterpret or, you know, make assumptions that, um, don't always align
01:26:30.940
And, uh, you know, I think it's just going to be an amazing day.
01:26:36.560
You know, my books will be there if people are interested in buying those.
01:26:39.500
And, and of course, Leighton Gray will be there with his book as well and, and, and chatting.
01:26:45.340
Well, you don't, instead of chasing them all down one by one, they're all going to be in
01:26:50.420
For you to be able to engage with, talk to, ask your questions.
01:26:53.960
We're going to have a full hour of Q and A that I'm going to facilitate.
01:26:56.660
Um, you know, so I think it'll just be a spectacular day.
01:27:00.180
If people are interested, you know, Red Deer on the Saturday, January the 10th starts at
01:27:10.620
Don't let the money, you know, if you can't afford $20, just come, come.
01:27:17.940
Of course, we are going to have, um, um, the separation, um, independence petition.
01:27:27.020
So for people who just want to come and have a place, you know, where things are going on
01:27:31.900
and they can sign their petition for independence or for the, uh, yes on the referendum.
01:27:38.000
Uh, I do believe that will be, uh, available as well, just outside the door.
01:27:42.120
So you don't have to pay to come in to do that.
01:27:44.420
You can just come, stop by, sign your petition and leave if you want to.
01:27:51.020
Of course, that's hosted by another heavy hitter of the, of the movement.
01:27:54.120
Of course, Jason Levine, who I forgot to mention, but he's awesome.
01:28:00.640
Um, yeah, come out January or yeah, January 10th, the Saturday, um, in Red Deer.
01:28:05.980
It's, you know what, pretty much equidistance, you know, between Edmonton and Calgary guys,
01:28:10.200
you know, we've got a lot of viewers in Edmonton and Calgary.
01:28:31.640
It's, uh, well, it was great to finally actually, uh, sit down and have a full length conversation.
01:28:37.800
I know we've had a couple short ones meeting in person.
01:28:41.600
Um, it was great to have you on the documentary.
01:28:44.100
If, if anybody have not, if you haven't seen it, we did.
01:28:49.600
15 minutes on the, uh, UCP AGM kind of contrasting, um, the official messaging from the UCP and then the rise of Alberta independence at that event and kind of how that kind of stole the show.
01:29:03.760
And, uh, there was some interesting moments that we were able to document and we'll be filming some more as the months unfold.
01:29:20.280
So, um, so if you're curious about that, uh, follow us for, for more kind of polished content as well, not just our, our, our podcast.
01:29:31.780
And, uh, we will put, of course, Nadine links to your book, uh, in the description here and links to your socials.
01:29:43.100
So super appreciate you, you taking this time to chat with us.