Western Standard - The Pipeline： Trudeau's comments, CBC Reporter Quits

00:00:00.000 Hello, today is January 5th. I'm Derek Fildebrandt, publisher of the Western Standard,

00:00:24.400 and you're watching The Pipeline.

00:00:27.400 Today, I'm joined by Western Standard Assistant

00:00:31.220 Opinion and Broadcast Editor, Corey Morgan.

00:00:33.960 How are you doing, Corey?

00:00:34.600 Very good.

00:00:35.700 You must be.

00:00:36.460 Your show, Triggered with Corey Morgan, I'm loving it.

00:00:39.360 I've actually got it on a big TV

00:00:40.680 and I've got it on in the background

00:00:42.280 as I'm working all day.

00:00:43.140 It's great.

00:00:43.680 It's been going really well.

00:00:45.020 I'm quite enjoying it.

00:00:45.980 I mean, it's evolving.

00:00:47.620 We're figuring out our format, but...

00:00:49.660 I'm enjoying it and you are a prickly pear.

00:00:51.460 I get it out of my system 0.99

00:00:53.520 And if anything, it's good for Jane, because I vent, I get it out, and she doesn't have to listen to my crap when I get home. 0.98

00:00:58.980 Perfect. 0.79

00:00:59.880 Also joined by the lovely Melanie Rizden.

00:01:02.460 How are you doing, Melanie?

00:01:03.120 Good, good.

00:01:04.180 Melanie is subbing in for our news editor, Dave Naylor, today, who is off in beautiful British Columbia.

00:01:11.620 Melanie is a reporter with the Western Standard here.

00:01:14.040 I'm sure many of you are familiar with the great work she does.

00:01:17.160 We've got a good show today.

00:01:18.920 Justin Trudeau says that the unvaccinated are racists. 0.98

00:01:23.520 misogynists extremists uh and they eat babies and are cannibals too i think uh explosive comments 0.88

00:01:31.500 from the prime minister that he made in french uh that didn't seem to really make the rounds 0.89

00:01:35.800 into english canada until um certain family members of uh western standard uh newsroom

00:01:42.580 uh had it translated from uh le francais into alberton and uh we managed to figure out what

00:01:50.120 the comments were. Explosive stuff. We're going to be talking about that. A journalist from the

00:01:56.680 Canadian Broadcasting Corporation, CBC, has quit and has written a very fiery response to her time

00:02:04.640 there, saying the organization has become drunk on wokeness, intolerable. She was the most left-wing

00:02:11.740 member of the newsroom when she started eight to ten years ago, and now she's considered a right-wing

00:02:16.200 extremists, someone Justin Trudeau probably wouldn't like. We're going to dive into that.

00:02:21.300 And relatively breaking news from this morning, the Canadian Housing and Mortgage Corporation,

00:02:26.740 the CMHC, essentially one of the bureaucracy that oversees housing and whatnot in Ottawa,

00:02:33.160 is recommending, much I believe to Liberal delight, that a home equity tax be imposed

00:02:39.020 on Canadian taxpayers. Well, that one's attracting a ton of attention.

00:02:44.260 uh a readership on that one is off the chart um western standard uh carried the story this

00:02:51.000 morning we're gonna have more to say about that before we do though i want to thank all of our

00:02:55.680 western standard members for your excellent and critical support without you we could not

00:03:00.140 continue to produce the content that we do independent western government bill out free

00:03:05.900 media if you're not yet a member of the western standard go to westernstandardonline.com

00:03:10.640 slash membership, or just click on membership right now. Sign up. It's only $10 a month or $99

00:03:16.740 a year. You could try it free for 15 days. See if it's for you. I think you're going to like it.

00:03:21.700 Go right now. I'm waiting. Go right now. I said right now, people. Okay. Today's show is sponsored

00:03:33.020 by, oh, Algodex. We got Algodex and it's come down from Algonaut. And I know this sounds a little

00:03:39.120 intertwined. But what it is, is cryptocurrency. And this is a company that's formed. If you want

00:03:44.660 to get it on the ground floor of where this is going, I mean, cryptocurrencies are just huge

00:03:48.140 right now. I mean, they're exploding. This is the thing. People don't have faith in the central

00:03:51.720 banks anymore. They don't have faith in conventional banks, currencies. Go to algodex.com.

00:03:55.620 If you're looking to get into the cryptocurrency world, this is the place. And it will break down

00:04:00.060 how you can get your foot into that door while this is still just taken off.

00:04:04.420 Excellent. And a sponsor of ours. So of course I love them. Love them. The best. They're going to be huge. All right. Well, let's get into it. Melanie, Justin Trudeau says you're a racist. And a misogynist. You're a misogynist, right?

00:04:20.000 Well, me personally. 0.99

00:04:21.300 The things I've heard you say about women make your blood curdle.

00:04:25.600 Yeah, he was speaking in a television interview last week and made those comments in French.

00:04:33.440 It started to circulate.

00:04:35.100 Why don't you tell us exactly what it is he said?

00:04:36.980 Well, he said he called those that are unvaccinated racist and misogynistic extremists.

00:04:44.020 Um, and, uh, he's, he's said quite a few other, uh, pointed things about the unvaccinated

00:04:50.480 population as well.

00:04:51.720 Uh, in his summer campaigning for the election, he referred to those unvaccinated as small 0.68

00:04:58.820 fringe, special interest group, a mob, anti-science, racists, misogynistic, selfish. 0.68

00:05:06.600 Uh, yeah. 1.00

00:05:07.440 Cannibal.

00:05:08.080 Yeah. 1.00

00:05:08.380 I think they were cannibals. 0.87

00:05:09.500 Well, that's a lot of words for him to get on crayon on one page to be able to get in an interview. 0.97

00:05:14.680 He was very determined.

00:05:15.720 Me writing my notes.

00:05:17.700 Well, and not only that, but if you watch the actual video, which we have on our website,

00:05:21.780 you'll even see the facial expressions match his visceral... 1.00

00:05:27.320 I think that's half blackface. 1.00

00:05:28.360 It's all the story. 1.00

00:05:28.940 If you look at that... 0.87

00:05:29.780 It wasn't blackface. 1.00

00:05:30.660 Yeah, picture. 0.83

00:05:31.340 He looks vicious when he's saying this.

00:05:33.480 This is a man of projecting hatred.

00:05:38.140 Yeah.

00:05:39.500 Corey, he's saying this in French, but, you know, he said pretty extreme things about the unvaccinated in English as well.

00:05:50.620 You know, I think regular viewers will know that we've got mixed opinions on vaccination in the office here, but it's a free choice in this office.

00:05:59.840 We've got vaccinated, we've got unvaccinated.

00:06:01.780 um but i think the one thing we all agree on with vaccination here is it's a choice and you

00:06:06.740 should do what you think is best for you based on uh the advice from your own doctor and your

00:06:11.000 own personal decision um but uh you know he has said some pretty extreme things about vaccination

00:06:16.520 in the past uh you you were actually mentioning some of it right there um but i think this was

00:06:22.660 another level uh he said it in french do you think this is one and it's not too unusual uh you know

00:06:27.560 like Aaron O'Toole regularly say in French that there'll be no pipelines through Quebec without

00:06:32.180 Quebec's agreement, but he never, ever, ever says it in English. Do you think this is one of those

00:06:38.060 cases where he was only willing to say it in French, but not in English? Or has he actually

00:06:41.200 crossed so far that he is actually probably fine saying it? I think he's crossed that far because

00:06:45.480 I mean, there's a lot of people in Quebec who aren't thrilled with the vaccine mandates and

00:06:48.720 things as well. So I'm certain he infuriated them just as much as us. Typically when he does the

00:06:53.580 French versus English things, it's when he's, you know, going to take shots at the West and he'll

00:06:57.000 do it in a French interview. In this case, I think maybe he's more relaxed in those French

00:07:02.420 interviews. He lets himself come out a little more unvarnished or unrestrained, but it was

00:07:07.700 something else. I mean, it's beyond the pale. This is villainization and baseless. I mean,

00:07:11.740 just going from a logic point of view, aside from the principles of it, where do you make that leap

00:07:16.940 from a vaccination concern to racism? Where does it let, that's just utter baloney.

00:07:21.900 uh misogynism i knew you were going to get me on either way chauvinist there we go we had a meeting

00:07:29.880 about this today i was like cory it's misogyny not misogony yeah mahogany whatever people like

00:07:36.320 me who have issues with women you know i'm a mahogany my personal insecurities with the fair

00:07:40.640 gender we're getting down a rabbit hole try one here but i mean just again where is this even

00:07:48.180 linked. I mean, it's ridiculous. It's finding loaded words to throw at people that had, I mean, 0.99

00:07:53.260 you could call up other things if you believe those. You could say that they're being irresponsible

00:07:58.400 or you could say even, and I don't believe these things as soon as that you're putting others at

00:08:01.640 risk. If you're one of those who still believes that it prevents spread, fine. But where does

00:08:05.820 this racism and stuff come from? I mean, it's just bizarre. It's insulting, not just to the

00:08:10.700 non-vaccinated people. It's insulting to think that we got a prime minister that's stupid. 1.00

00:08:13.980 Melanie if you have three vaccinated people and two unvaccinated people how much global warming 1.00

00:08:20.640 do you get oh goodness tough question for the newsroom that's a really tough one I'm afraid

00:08:26.920 only Carlton grads can answer that question oh yeah okay well speaking of Carlton grads I was

00:08:33.040 going to mention too that the the story the Trudeau story actually jumped the pond and they

00:08:40.720 covered it in the UK. That's how far and wide people were discussing how I think those comments

00:08:49.800 were for a leader of a nation, perhaps a bit out of place. Well, we'll turn towards CBC now.

00:09:00.960 So Melanie, once you set it up, CBC journalist has quit. She said she started when she started

00:09:08.720 working for the CBC, she was one of the, she was probably the most big hardcore lefty in the CBC

00:09:14.520 newsroom, which would take something. Even a decade ago, that's quite a swing. That's quite 0.96

00:09:19.900 something. Now she says she's considered like a right-wing extremist. Tell us about the story. 0.98

00:09:25.160 So Tara Henley is her name, and she started at the CBC back in 2013, said it was, she landed in

00:09:33.320 the perfect place for her. But by the time she left, which was just recently, I believe last week,

00:09:40.200 she said, quote, she was seeing the worst trends in mainstream media coming out of the CBC,

00:09:47.880 with massive lack of journalistic integrity. She talked about radical political agenda

00:09:53.800 happening there, no critical debate. The list went on about her complaints of what she was seeing

00:10:00.280 uh as far as the choice of stories the content um yeah she she was really uh i think struggling

00:10:08.200 in that environment and decided it wasn't for her anymore and uh jumped down to a u.s

00:10:14.740 online news site called substack um yeah she said uh she she's required to fill out 0.99

00:10:21.860 racial identification forms 0.99

00:10:24.720 for all of her guests.

00:10:28.080 Fill out the form?

00:10:29.320 I mean, what the...

00:10:31.220 Oh, I almost dropped the big F one.

00:10:35.300 This is...

00:10:36.060 We know CBC does the woke

00:10:37.900 racial identity politics stuff all the time,

00:10:40.360 but I didn't know that they're filling out

00:10:42.100 racial identification forms. 1.00

00:10:44.320 Maybe they all walk... 0.95

00:10:45.300 Maybe the people, different kind of guests,

00:10:46.820 have to wear different badges

00:10:47.680 as they walk through the studio.

00:10:49.240 I don't know.

00:10:49.660 So, Corey, I mean, I know you're a big CBC fan.

00:10:54.840 How sad are you to see the CBC go down the hill?

00:10:58.600 Of course, I'm tickled to see more of it exposed.

00:11:01.420 And just, you know, I went off again during my show today over this. 0.93

00:11:05.060 My issue with the CBC isn't even how woke they are or how ridiculous their content is 0.99

00:11:09.240 and their politically correct crap. 1.00

00:11:11.220 It's the fact that I'm paying a billion and some a year for that crap. 1.00

00:11:14.560 I want to see it exposed. 0.99

00:11:16.040 I want to see it from insiders.

00:11:17.000 I want them to show people this is, it's not just you. You know, it's not your imagination.

00:11:22.820 That organization is rotten. It's got some extremely serious problems. It's been taken

00:11:27.000 over by the irrational. And the response from the hard woke left on social media was striking on

00:11:33.320 this. They were livid with her. They have been attacking her. They attacked me and Jonathan K.

00:11:38.740 There was one guy, some other writer from some other place. I won't bother mentioning him, but

00:11:42.840 um you know saying oh welcome to joining the likes of these guys and things like they are

00:11:48.000 furious but why you should be just goodbye good riddance we don't talk about you but no they

00:11:52.040 are very upset because she has exposed something that uh they don't want to see exposed i think

00:11:57.140 it's great we're going to see more of it you know and there is the tone of like when i read

00:12:01.160 what she had to say here on substack um you know what it sounded a lot like with bill maher

00:12:06.200 um she's not a right winger i mean yeah uh i wouldn't hire her to you know have a to take

00:12:13.080 over a cory show or something i wouldn't commenters if you want oh i mean like she is not a right

00:12:18.140 winger she is not a conservative she's not a libertarian at least as far as i could tell

00:12:21.640 she sounded to me more like an old school liberal who didn't go over the waterfall

00:12:27.480 guy like bill maher um who is a liberal who is sort of a moderate lefty um you know is genuinely

00:12:34.460 concerned with racial justice, social justice, poverty, and they might have different solutions

00:12:39.080 to these issues than we might have around here, but they're not insane. They're just, I would

00:12:45.380 believe, misguided in what they're trying to do or how they're trying to do it, but their

00:12:50.160 objectives aren't insane. They don't believe that white people are inherently evil. They don't

00:12:54.440 believe that men are inherently evil, that there's some kind of pyramid of victimhood and that it is

00:13:00.760 a virtue to be

00:13:02.640 highly ranked as a victim with a certain

00:13:05.080 scorecard. She comes 0.99

00:13:07.220 across as kind of an old-school liberal

00:13:09.140 like Bill Maher.

00:13:11.120 I mean, I never thought I'd

00:13:13.280 look back to the days and be like, ah,

00:13:15.080 Jean Chrétien, good lefties.

00:13:17.240 Even look to Wendy Messley. I mean, she got

00:13:19.080 cancelled out over an inadvertent statement 0.71

00:13:21.060 during a show planning meeting. I mean, a

00:13:23.080 30-year history with the CBC. Nobody could ever

00:13:25.080 claim Wendy Messley. She was reading a quote. She wasn't

00:13:27.120 even her statement. That's right. She was reading

00:13:28.580 nasty quote. And nobody

00:13:30.800 could claim she was a right winger. She's always been

00:13:32.920 again, an old school liberal perhaps, not

00:13:34.800 the insane ones, but definitely liberal leaning.

00:13:37.080 That's all it took was one sentence, and her

00:13:38.760 30 year career was toast.

00:13:40.660 It shows what the CBC thinks of their senior members.

00:13:43.240 That's what I think what crosses the mind

00:13:44.680 of, what was it?

00:13:46.960 I'd call him this name again, actually, or that

00:13:48.720 journalist, we should get that out there.

00:13:50.680 The Gallup? Yes. Tara. Tara

00:13:52.460 Henley, yes. So either way,

00:13:54.800 that lets them know, if I want a future in this, if I'm

00:13:56.720 looking ahead, I'm walking on

00:13:58.240 thin ice. I mean, you're at any point, even if Wendy Mesley can get wiped out of this organization

00:14:02.860 after putting in decades, anybody can. So she's getting well again. So she's gone to independent

00:14:08.180 media, Substack. I mean, there's a lot of people who have gone that way now. It's, I mean, if you

00:14:13.980 don't want to go the route of trying to build a whole damn company, Substack is actually a pretty

00:14:20.240 good way. I mean, many of you watching, you want to try your hand in journalism, or it might just

00:14:25.060 be sharing your opinion, but you want to actually make some money at doing it. Substack. What's the

00:14:31.300 other one? Daniel Smith uses it. Locals. That's more social media platform, but yeah, same sort

00:14:38.740 of thing. There is a way to monetize your work now without being a part of a larger organization.

00:14:44.260 Western Standard is not big, but we're growing and it's a lot of work to build something like

00:14:48.420 that up, but you can get straight in. A lot of people in journalism, they have no interest in

00:14:53.120 being a business owner being an entrepreneur they just they want to do just journalism

00:14:57.440 um i'm not a journalist i wanted to facilitate it and do a company so i went down that route

00:15:02.560 but like uh you know people like this they can um they could pick it right up like that and i

00:15:07.520 think that's it's probably it's not where all journalism is going to be but i think in the

00:15:10.960 future it's where a lot of it's going to go is these these small independent people it's the

00:15:14.240 free market of ideas it's great yeah uh speaking of the free market you know who likes the free

00:15:20.160 market, is our sponsor, the Canadian Shooting Sports Association. I love these guys. I've been

00:15:25.900 a member for years. I've known people in that organization going back well over a decade.

00:15:30.780 Canadian Shooting Sports Association is a fantastic group that is standing on guard for the guns.

00:15:37.600 They are defending your right to own, buy, possess, and safely use firearms in Canada,

00:15:43.960 standing athwart efforts by the federal government to seize your rightfully owned firearms.

00:15:50.160 They represent hunters, they represent sport shooters, they represent collectors, all sorts of gun owners, legitimate kinds of gun owners, standing up for the rights of legal, law-abiding gun owners.

00:16:06.740 They put forth great ideas for cracking down on real gun crimes, where guns are used in the pursuit of crimes, people who actually should not have guns.

00:16:17.300 these guys are great common sense they stand up for common sense policies they're lobbying the

00:16:22.960 politicians in Ottawa and many times we know those politicians don't don't listen and so they engage

00:16:28.320 in advocacy campaigns trying to raise these issues with the public getting the public on

00:16:33.400 side for common sense gun gun legislation in Canada so if you're not yet a member I strongly

00:16:38.820 encourage you to I was actually visiting family in Ontario this summer I've got an uncle from

00:16:42.520 Alberta, lives in Ontario. And I saw his truck. He's got a big F-350. Walked up on the back and

00:16:48.860 he had a CSSA bumper sticker right on the back there. And I said, thank you for supporting one

00:16:54.280 of our sponsors, Uncle. He probably doesn't want me to mention his name though. But Google CSSA or

00:17:01.080 Canadian Shooting Sports Association. Go on there, click on why join. You should become a member,

00:17:06.240 support those who are standing up for our right to legally and safely own, use, and buy firearms

00:17:13.180 in Canada. Check them out. All right. Speaking of someone else with some even more difficult

00:17:19.160 initials, the CMHC, Canadian Mortgage and Housing Corporation. That might sound like it's a business

00:17:25.940 that does good things, but on the contrary, it's a bureaucracy. Just because you put corporation

00:17:31.100 after your name doesn't mean it actually makes money. CMHC, well actually a little bit of

00:17:36.340 background, the Liberals have been talking about floating trial balloons but denying till they're

00:17:41.660 blue in the face over and over that about home equity taxes. They say home equity tax would be

00:17:48.060 a great idea but we swear to god we're never going to do it. Well now the bureaucrats that

00:17:53.400 report to the Liberal government at the CMHC have recommended a home equity tax. Tell us about it

00:17:59.120 Melanie? Yeah, the CMHC, a report came out from them actually today. We broke the news this

00:18:04.160 morning. Recommended federal tax be charged on home equity. Now, this is for homes that are over

00:18:11.380 a million dollars in Canada. But I mean, when you look at across the country, there's more and more

00:18:17.060 homes that are sort of moving into that realm, especially in Ontario, BC, Vancouver specifically.

00:18:25.520 a lot of people are going to be facing this potential new tax. So at this point, CMHC

00:18:31.740 recommending it to the feds. The feds have many times said, no, we won't bring this in. They vowed

00:18:38.800 never to do it, but it feels like from some of the reporting coming through, they're considering

00:18:46.320 it now. I mean, we're looking at them raising potentially $5.83 billion for the federal coffers

00:18:55.460 with that tax. So that I'm sure is enticing. Well, I think there's a simple solution to this.

00:19:04.200 If your house is over a million, which is pretty much, if you've got a tool shed in Vancouver,

00:19:08.760 it's probably over a million. If you've got a house over a million, it's simple.

00:19:13.280 You sell it as, you subdivide it and you sell it as two. You just declare it's two sides and

00:19:19.060 you tell someone, okay, this side of the house is one side and this side is the other one. And

00:19:23.160 you sell it as two, and you've beaten it. Maybe. I mean, where there is a will, all this is going

00:19:29.100 to do is distort the market. I mean, anyone who's ever visited Amsterdam, done a tour there, all the

00:19:34.120 tour guides will tell you the reason that the houses are so damn skinny, you know why they're

00:19:37.700 so skinny? Because you used to get taxed on how wide your house was. So everyone built these

00:19:43.480 houses. There's one that's about as wide as, well, the three of us abreast here. It's the slimmest

00:19:49.520 house in Amsterdam they're not normally that skinny they're these slim tall houses so all it's

00:19:54.880 going to do is distort the marketplace further uh housing prices are out of control in some areas

00:19:59.740 uh but the biggest reason for that is interest rates that you have the Bank of Canada

00:20:03.940 artificially keeping interest rates low because governments will go broke if we um actually

00:20:10.680 allowed uh interest rates to hit a natural point we've got uh high high no one when you have high

00:20:16.700 inflation, you also have to have high interest rates. Well, we've got high inflation and high

00:20:20.820 interest rates, sorry, and low interest rates, which is pretty contradictory for basic economic

00:20:26.260 orthodoxy. And this is driving housing prices through the bloody roof. Inflation is driving it.

00:20:32.000 And by having low interest rates, artificially low interest rates, it incentivizes mortgage

00:20:39.600 lenders and banks to lend money for mortgages below rate. Like right now, the interest I pay

00:20:45.900 on my mortgage every year is lower than the rate of inflation. The bank is paying me to own my

00:20:49.460 house. It's crazy. That is what's driving housing prices, not the fact that we're not taxing them

00:20:53.660 enough. Well, and they're hoping that this is going to curb the runaway home prices. However,

00:20:59.000 some people believe it could backfire because then people will turn around and say, well,

00:21:03.260 I'm going to be taxed this much. So I'm going to add that to the cost of my home when I,

00:21:07.740 you know, determine the price to sell it. So it could backfire and actually end up bringing the

00:21:13.400 prices of the homes up. So surely when you go to buy a chocolate bar, the convenience store likes

00:21:22.180 to eat the cost of the GST. They don't raise the price of the chocolate bar for the GST, right?

00:21:25.820 They just eat the cost, right? Yeah, that's how it works. Actually, my example actually doesn't

00:21:31.860 work entirely because the Western Standard eats the cost of the GST on your memberships. It's just

00:21:35.520 $10 and we pay the GST on that. It still gets taken when you guys are like your members are

00:21:41.800 paying GST, but we eat it on our side. But in most cases, with only very few exceptions, when you buy

00:21:47.420 something, the tax is added on top. And so this is actually probably going to increase the prices

00:21:51.620 of a lot of these houses, I think. Well, it might. I mean, it might devalue it too. So I mean,

00:21:57.660 they've been working on this for years. I mean, Black Locks first broke it, and I wrote on that

00:22:01.200 in July 2020, I look back on it. And everybody went haywire, and they commissioned a study,

00:22:06.060 same thing in UBC. And the language in it was something that was distressing, because they

00:22:09.380 calling it windfall money that these people had in these homes and basically they literally said

00:22:14.020 one of them said there was like a lottery win for the people who had equity so they're framing it

00:22:17.860 already saying you don't deserve that money you didn't earn it we should take it we should share

00:22:22.100 it i mean socialism at its most disgusting uh well it's disgusting in every level typically but 0.95

00:22:27.220 2020 they denied i think starving ukrainians is the most disgusting ah yes yes that's another

00:22:32.660 aspect of its supply management at its most extreme so we got that you get a year later

00:22:39.700 get towards the election another study services again it comes out everybody's fuming about it

00:22:44.180 and they said no no no we're not going to do that and then I wrote about it last December because a

00:22:47.300 guy named Pomeroy another study comes out same sort of thing same sort of language and yeah he

00:22:51.620 was really couching it and saying this is to calm that superheated market if we just make it

00:22:56.500 undesirable to buy homes I mean he was kind of you follow this guy's line of thinking he wants

00:23:00.820 government owned row housing come on we can just all get together we don't have to bother with this

00:23:04.180 sick capitalist equity market where people are owning their own homes but what we got to realize

00:23:08.580 is the government keeps denying it but they keep asking for it and they're sitting in i mean what

00:23:12.420 a lot of people don't realize too you might notice when you do your taxes there's a parcel on the

00:23:16.340 bottom if you sold your primary residence if you don't report it you could pay an eight thousand

00:23:20.340 dollar fine even though it's not taxable you have to report it to cra they're getting ready they're

00:23:26.900 getting ready. And they're there. Well, they already hit our secondary residences. They

00:23:31.060 already hit with capital gains. And that's what they're going to do with these. And that's what

00:23:34.100 they want. There's a capital pool. They smell. They want that money. They got to figure out how

00:23:37.420 to get it. And this is where they started to with the politics of envy. Hey, it's only those rich

00:23:41.000 people. It's only those people with a house over a million dollars. And it's only going to be a

00:23:44.500 little bit. Come on. We know how that works. They get in. And then, you know what? Budget's not

00:23:48.540 really good this year. We're going to drop it down to 800. And then we're going to drop it down to

00:23:52.080 600. And next thing you know, they steal your retirement. And it's theft. It's bloody theft.

00:23:55.600 in my neighborhood, a million dollar house would get you a lot of house. But there are like say

00:23:59.900 parts of Calgary where, you know, inner city and you got somebody who's lived there for a long time

00:24:04.240 and their property, they might be living in a pretty small little post-war house, but the

00:24:08.260 property itself altogether is worth more than a million dollars. And that's not just the rich.

00:24:13.880 And first of all, I don't resent people being rich. Great. Everyone wants to be rich. Raise

00:24:20.260 are hit if you don't want to be rich. But you've got a lot of people who have just had land

00:24:25.640 appreciate, the property's appreciated over time, and they're not rich, but they're going to get

00:24:29.840 hit with this kind of thing. Well, and the problem too is this has been a really classic example of

00:24:36.300 how people have planned for their retirement for many, many years. So you step in to somebody who

00:24:42.520 sort of banked on that and you start implementing this stuff now. I mean, I think that seems like

00:24:48.540 an unfair, you know, cash grab for people who really sort of focused on paying that property

00:24:57.620 down. And that was going to be how we retire. It's almost a punishment. Absolutely. And it's

00:25:03.080 not just the rich as Derek was saying. I mean, some of those houses, those areas where people

00:25:06.180 who just happened, yeah, they got into them 30 years ago, but they worked their butts off and

00:25:09.240 they paid their mortgage down. And this is what it turned out to be. Some people bought in a bad

00:25:12.640 area and their house depreciated. That's part of the challenges too. I mean, it's so insulting to

00:25:17.500 say it was windfall or lottery. You know, Jane and I, I didn't buy my first place till I was 40

00:25:21.900 and that was down British area. And it turned out it's just done pretty good in equity,

00:25:26.360 but we had to cash my RSPs. We had to borrow. I had to have a very good credit rating. I mean,

00:25:32.000 we had to save. We, we went tight for a couple of years because that down payment was a lot to get

00:25:36.220 together. And to say now that because I've got equity in it, I've won the lottery, just my ass. 1.00

00:25:41.240 I know some people in Calgary, they bought their houses during the National Energy Program. 0.97

00:25:48.700 The National Energy Program came in 1980, housing prices crashed, and you could walk

00:25:53.700 into a pretty good house in 1980 if you still had the capital and you had a credit rating

00:25:58.500 and you could come in and you could get a pretty decent house.

00:26:02.840 But they bought these things, they weren't worth a ton at the time, but they were looking

00:26:08.120 at market forces. Ottawa decided to destroy Alberta's economy and the oil industry.

00:26:12.920 They buy a house while it was low. And guess what? It's higher today. You're supposed to be

00:26:18.280 punished because you bought in while the last Trudeau tanked the Alberta economy?

00:26:22.760 There's something sick and perverse about that. There is on lots of levels. It's a government

00:26:26.680 that's greedy for dollars. They've overspent themselves and they see one of the biggest,

00:26:30.600 if not the biggest capital pool in the country is private home ownership. They can't leave that

00:26:34.120 golden egg alone. Yep. All right. Well, we're going to wrap it up there. I want to thank all

00:26:39.160 of our Western Standard members for your continued support. Without you, we couldn't have all the fun

00:26:43.760 that we do here. If you're not yet a member of the Western Standard, please go to westernstandardonline.com.

00:26:48.740 Click on membership. It's only $10 a month or $99 a year. Try it free for 15 days.

00:26:53.640 Promise you're going to like it. Well, that's it. Corey, Mel, it's been a slice.

00:27:00.740 have a good evening yeah and tune in tomorrow i got more ranting to come

00:27:05.440 tomorrow yes uh tomorrow uh 11 30 a.m every weekday actually at 11 30 a.m

00:27:11.120 mountain standard time check out triggered with cory morgan i love it thank you very much

00:27:17.040 have a good evening god bless

00:27:30.740 Transcription by CastingWords

Western Standard - January 06, 2022

The Pipeline： Trudeau's comments, CBC Reporter Quits

Episode Stats

Summary

Transcript