Life Is Unaffordable in Canada — Here’s Why
Episode Stats
Words per Minute
197.09128
Summary
In this episode of the elite ottawa bubble podcast, I talk about the three main ways that government is driving up the cost of living in Canada and why life is still unaffordable. I discuss inflationary taxes, carbon taxes, and the inflation tax.
Transcript
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look i think if you talk to anyone outside of the elite ottawa bubble they'll tell you that life is
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still unaffordable right we've been going through this what like for three four years and it's still
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it's still life is so expensive here and we can get into some of the reasons why but you know i
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think one of the main drivers of this is is government right the cost of living is so high
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because the cost of government is so high and like there's there's three different ways essentially
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that government in canada is driving up the cost of living i mean number one just how much money
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they're taking from people's pockets right the fastest the simplest the easiest way for government
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to make life more affordable is just to stop taking so much money in the first place then you
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have inflationary taxes where the feature of the tax not the bug is to make life more expensive
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right think carbon taxes think alcohol taxes things of that nature and then finally which we
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saw during the heart of the pandemic is a way that government finances its spending its borrowing
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and that's the inflation tax and we saw that during the heart of the pandemic where the central bank
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printed up hundreds of billions of dollars out of thin air largely to finance ottawa's massive
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deficits and you know the more dollars that the central bank prints the less that your dollars buy
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But those are the three ways that government really drives inflation.