00:01:18.920Justin Trudeau says that the unvaccinated are racists.
00:01:23.520misogynists extremists uh and they eat babies and are cannibals too i think uh explosive comments
00:01:31.500from the prime minister that he made in french uh that didn't seem to really make the rounds
00:01:35.800into english canada until um certain family members of uh western standard uh newsroom
00:01:42.580uh had it translated from uh le francais into alberton and uh we managed to figure out what
00:01:50.120the comments were. Explosive stuff. We're going to be talking about that. A journalist from the
00:01:56.680Canadian Broadcasting Corporation, CBC, has quit and has written a very fiery response to her time
00:02:04.640there, saying the organization has become drunk on wokeness, intolerable. She was the most left-wing
00:02:11.740member of the newsroom when she started eight to ten years ago, and now she's considered a right-wing
00:02:16.200extremists, someone Justin Trudeau probably wouldn't like. We're going to dive into that.
00:02:21.300And relatively breaking news from this morning, the Canadian Housing and Mortgage Corporation,
00:02:26.740the CMHC, essentially one of the bureaucracy that oversees housing and whatnot in Ottawa,
00:02:33.160is recommending, much I believe to Liberal delight, that a home equity tax be imposed
00:02:39.020on Canadian taxpayers. Well, that one's attracting a ton of attention.
00:02:44.260uh a readership on that one is off the chart um western standard uh carried the story this
00:02:51.000morning we're gonna have more to say about that before we do though i want to thank all of our
00:02:55.680western standard members for your excellent and critical support without you we could not
00:03:00.140continue to produce the content that we do independent western government bill out free
00:03:05.900media if you're not yet a member of the western standard go to westernstandardonline.com
00:03:10.640slash membership, or just click on membership right now. Sign up. It's only $10 a month or $99
00:03:16.740a year. You could try it free for 15 days. See if it's for you. I think you're going to like it.
00:03:21.700Go right now. I'm waiting. Go right now. I said right now, people. Okay. Today's show is sponsored
00:03:33.020by, oh, Algodex. We got Algodex and it's come down from Algonaut. And I know this sounds a little
00:03:39.120intertwined. But what it is, is cryptocurrency. And this is a company that's formed. If you want
00:03:44.660to get it on the ground floor of where this is going, I mean, cryptocurrencies are just huge
00:03:48.140right now. I mean, they're exploding. This is the thing. People don't have faith in the central
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00:03:55.620If you're looking to get into the cryptocurrency world, this is the place. And it will break down
00:04:00.060how you can get your foot into that door while this is still just taken off.
00:04:04.420Excellent. 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?
00:05:39.500Corey, he's saying this in French, but, you know, he said pretty extreme things about the unvaccinated in English as well.
00:05:50.620You 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.
00:13:58.240thin ice. I mean, you're at any point, even if Wendy Mesley can get wiped out of this organization
00:14:02.860after putting in decades, anybody can. So she's getting well again. So she's gone to independent
00:14:08.180media, Substack. I mean, there's a lot of people who have gone that way now. It's, I mean, if you
00:14:13.980don't want to go the route of trying to build a whole damn company, Substack is actually a pretty
00:14:20.240good way. I mean, many of you watching, you want to try your hand in journalism, or it might just
00:14:25.060be sharing your opinion, but you want to actually make some money at doing it. Substack. What's the
00:14:31.300other one? Daniel Smith uses it. Locals. That's more social media platform, but yeah, same sort
00:14:38.740of thing. There is a way to monetize your work now without being a part of a larger organization.
00:14:44.260Western Standard is not big, but we're growing and it's a lot of work to build something like
00:14:48.420that up, but you can get straight in. A lot of people in journalism, they have no interest in
00:14:53.120being a business owner being an entrepreneur they just they want to do just journalism
00:14:57.440um i'm not a journalist i wanted to facilitate it and do a company so i went down that route
00:15:02.560but like uh you know people like this they can um they could pick it right up like that and i
00:15:07.520think that's it's probably it's not where all journalism is going to be but i think in the
00:15:10.960future it's where a lot of it's going to go is these these small independent people it's the
00:15:14.240free market of ideas it's great yeah uh speaking of the free market you know who likes the free
00:15:20.160market, is our sponsor, the Canadian Shooting Sports Association. I love these guys. I've been
00:15:25.900a member for years. I've known people in that organization going back well over a decade.
00:15:30.780Canadian Shooting Sports Association is a fantastic group that is standing on guard for the guns.
00:15:37.600They are defending your right to own, buy, possess, and safely use firearms in Canada,
00:15:43.960standing athwart efforts by the federal government to seize your rightfully owned firearms.
00:15:50.160They 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.
00:16:06.740They 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.
00:16:17.300these guys are great common sense they stand up for common sense policies they're lobbying the
00:16:22.960politicians in Ottawa and many times we know those politicians don't don't listen and so they engage
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00:16:33.400side for common sense gun gun legislation in Canada so if you're not yet a member I strongly
00:16:38.820encourage you to I was actually visiting family in Ontario this summer I've got an uncle from
00:16:42.520Alberta, lives in Ontario. And I saw his truck. He's got a big F-350. Walked up on the back and
00:16:48.860he had a CSSA bumper sticker right on the back there. And I said, thank you for supporting one
00:16:54.280of our sponsors, Uncle. He probably doesn't want me to mention his name though. But Google CSSA or
00:17:01.080Canadian Shooting Sports Association. Go on there, click on why join. You should become a member,
00:17:06.240support those who are standing up for our right to legally and safely own, use, and buy firearms
00:17:13.180in Canada. Check them out. All right. Speaking of someone else with some even more difficult
00:17:19.160initials, the CMHC, Canadian Mortgage and Housing Corporation. That might sound like it's a business
00:17:25.940that does good things, but on the contrary, it's a bureaucracy. Just because you put corporation
00:17:31.100after your name doesn't mean it actually makes money. CMHC, well actually a little bit of
00:17:36.340background, the Liberals have been talking about floating trial balloons but denying till they're
00:17:41.660blue in the face over and over that about home equity taxes. They say home equity tax would be
00:17:48.060a great idea but we swear to god we're never going to do it. Well now the bureaucrats that
00:17:53.400report to the Liberal government at the CMHC have recommended a home equity tax. Tell us about it
00:17:59.120Melanie? Yeah, the CMHC, a report came out from them actually today. We broke the news this
00:18:04.160morning. Recommended federal tax be charged on home equity. Now, this is for homes that are over
00:18:11.380a million dollars in Canada. But I mean, when you look at across the country, there's more and more
00:18:17.060homes that are sort of moving into that realm, especially in Ontario, BC, Vancouver specifically.
00:18:25.520a lot of people are going to be facing this potential new tax. So at this point, CMHC
00:18:31.740recommending it to the feds. The feds have many times said, no, we won't bring this in. They vowed
00:18:38.800never to do it, but it feels like from some of the reporting coming through, they're considering
00:18:46.320it now. I mean, we're looking at them raising potentially $5.83 billion for the federal coffers
00:18:55.460with that tax. So that I'm sure is enticing. Well, I think there's a simple solution to this.
00:19:04.200If your house is over a million, which is pretty much, if you've got a tool shed in Vancouver,
00:19:08.760it's probably over a million. If you've got a house over a million, it's simple.
00:19:13.280You sell it as, you subdivide it and you sell it as two. You just declare it's two sides and
00:19:19.060you tell someone, okay, this side of the house is one side and this side is the other one. And
00:19:23.160you sell it as two, and you've beaten it. Maybe. I mean, where there is a will, all this is going
00:19:29.100to do is distort the market. I mean, anyone who's ever visited Amsterdam, done a tour there, all the
00:19:34.120tour guides will tell you the reason that the houses are so damn skinny, you know why they're
00:19:37.700so skinny? Because you used to get taxed on how wide your house was. So everyone built these
00:19:43.480houses. There's one that's about as wide as, well, the three of us abreast here. It's the slimmest
00:19:49.520house in Amsterdam they're not normally that skinny they're these slim tall houses so all it's
00:19:54.880going to do is distort the marketplace further uh housing prices are out of control in some areas
00:19:59.740uh but the biggest reason for that is interest rates that you have the Bank of Canada
00:20:03.940artificially keeping interest rates low because governments will go broke if we um actually
00:20:10.680allowed uh interest rates to hit a natural point we've got uh high high no one when you have high
00:20:16.700inflation, you also have to have high interest rates. Well, we've got high inflation and high
00:20:20.820interest rates, sorry, and low interest rates, which is pretty contradictory for basic economic
00:20:26.260orthodoxy. And this is driving housing prices through the bloody roof. Inflation is driving it.
00:20:32.000And by having low interest rates, artificially low interest rates, it incentivizes mortgage
00:20:39.600lenders and banks to lend money for mortgages below rate. Like right now, the interest I pay
00:20:45.900on my mortgage every year is lower than the rate of inflation. The bank is paying me to own my
00:20:49.460house. It's crazy. That is what's driving housing prices, not the fact that we're not taxing them
00:20:53.660enough. Well, and they're hoping that this is going to curb the runaway home prices. However,
00:20:59.000some people believe it could backfire because then people will turn around and say, well,
00:21:03.260I'm going to be taxed this much. So I'm going to add that to the cost of my home when I,
00:21:07.740you know, determine the price to sell it. So it could backfire and actually end up bringing the
00:21:13.400prices of the homes up. So surely when you go to buy a chocolate bar, the convenience store likes
00:21:22.180to eat the cost of the GST. They don't raise the price of the chocolate bar for the GST, right?
00:21:25.820They just eat the cost, right? Yeah, that's how it works. Actually, my example actually doesn't
00:21:31.860work 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
00:21:41.800paying GST, but we eat it on our side. But in most cases, with only very few exceptions, when you buy
00:21:47.420something, the tax is added on top. And so this is actually probably going to increase the prices
00:21:51.620of a lot of these houses, I think. Well, it might. I mean, it might devalue it too. So I mean,
00:21:57.660they've been working on this for years. I mean, Black Locks first broke it, and I wrote on that
00:22:01.200in July 2020, I look back on it. And everybody went haywire, and they commissioned a study,
00:22:06.060same thing in UBC. And the language in it was something that was distressing, because they
00:22:09.380calling it windfall money that these people had in these homes and basically they literally said
00:22:14.020one of them said there was like a lottery win for the people who had equity so they're framing it
00:22:17.860already saying you don't deserve that money you didn't earn it we should take it we should share
00:22:22.100it i mean socialism at its most disgusting uh well it's disgusting in every level typically but
00:22:27.2202020 they denied i think starving ukrainians is the most disgusting ah yes yes that's another
00:22:32.660aspect of its supply management at its most extreme so we got that you get a year later
00:22:39.700get towards the election another study services again it comes out everybody's fuming about it
00:22:44.180and they said no no no we're not going to do that and then I wrote about it last December because a
00:22:47.300guy named Pomeroy another study comes out same sort of thing same sort of language and yeah he
00:22:51.620was really couching it and saying this is to calm that superheated market if we just make it
00:22:56.500undesirable to buy homes I mean he was kind of you follow this guy's line of thinking he wants
00:23:00.820government owned row housing come on we can just all get together we don't have to bother with this
00:23:04.180sick capitalist equity market where people are owning their own homes but what we got to realize
00:23:08.580is the government keeps denying it but they keep asking for it and they're sitting in i mean what
00:23:12.420a lot of people don't realize too you might notice when you do your taxes there's a parcel on the
00:23:16.340bottom if you sold your primary residence if you don't report it you could pay an eight thousand
00:23:20.340dollar fine even though it's not taxable you have to report it to cra they're getting ready they're
00:23:26.900getting ready. And they're there. Well, they already hit our secondary residences. They
00:23:31.060already hit with capital gains. And that's what they're going to do with these. And that's what
00:23:34.100they want. There's a capital pool. They smell. They want that money. They got to figure out how
00:23:37.420to get it. And this is where they started to with the politics of envy. Hey, it's only those rich
00:23:41.000people. It's only those people with a house over a million dollars. And it's only going to be a
00:23:44.500little bit. Come on. We know how that works. They get in. And then, you know what? Budget's not
00:23:48.540really good this year. We're going to drop it down to 800. And then we're going to drop it down to
00:23:52.080600. And next thing you know, they steal your retirement. And it's theft. It's bloody theft.
00:23:55.600in my neighborhood, a million dollar house would get you a lot of house. But there are like say
00:23:59.900parts of Calgary where, you know, inner city and you got somebody who's lived there for a long time
00:24:04.240and their property, they might be living in a pretty small little post-war house, but the
00:24:08.260property itself altogether is worth more than a million dollars. And that's not just the rich.
00:24:13.880And first of all, I don't resent people being rich. Great. Everyone wants to be rich. Raise
00:24:20.260are hit if you don't want to be rich. But you've got a lot of people who have just had land
00:24:25.640appreciate, the property's appreciated over time, and they're not rich, but they're going to get
00:24:29.840hit with this kind of thing. Well, and the problem too is this has been a really classic example of
00:24:36.300how people have planned for their retirement for many, many years. So you step in to somebody who
00:24:42.520sort of banked on that and you start implementing this stuff now. I mean, I think that seems like
00:24:48.540an unfair, you know, cash grab for people who really sort of focused on paying that property
00:24:57.620down. And that was going to be how we retire. It's almost a punishment. Absolutely. And it's
00:25:03.080not just the rich as Derek was saying. I mean, some of those houses, those areas where people
00:25:06.180who just happened, yeah, they got into them 30 years ago, but they worked their butts off and
00:25:09.240they paid their mortgage down. And this is what it turned out to be. Some people bought in a bad
00:25:12.640area and their house depreciated. That's part of the challenges too. I mean, it's so insulting to
00:25:17.500say it was windfall or lottery. You know, Jane and I, I didn't buy my first place till I was 40
00:25:21.900and that was down British area. And it turned out it's just done pretty good in equity,
00:25:26.360but we had to cash my RSPs. We had to borrow. I had to have a very good credit rating. I mean,
00:25:32.000we had to save. We, we went tight for a couple of years because that down payment was a lot to get
00:25:36.220together. And to say now that because I've got equity in it, I've won the lottery, just my ass.
00:25:41.240I know some people in Calgary, they bought their houses during the National Energy Program.
00:25:48.700The National Energy Program came in 1980, housing prices crashed, and you could walk
00:25:53.700into a pretty good house in 1980 if you still had the capital and you had a credit rating
00:25:58.500and you could come in and you could get a pretty decent house.
00:26:02.840But they bought these things, they weren't worth a ton at the time, but they were looking
00:26:08.120at market forces. Ottawa decided to destroy Alberta's economy and the oil industry.
00:26:12.920They buy a house while it was low. And guess what? It's higher today. You're supposed to be
00:26:18.280punished because you bought in while the last Trudeau tanked the Alberta economy?
00:26:22.760There's something sick and perverse about that. There is on lots of levels. It's a government
00:26:26.680that's greedy for dollars. They've overspent themselves and they see one of the biggest,
00:26:30.600if not the biggest capital pool in the country is private home ownership. They can't leave that
00:26:34.120golden egg alone. Yep. All right. Well, we're going to wrap it up there. I want to thank all
00:26:39.160of our Western Standard members for your continued support. Without you, we couldn't have all the fun
00:26:43.760that we do here. If you're not yet a member of the Western Standard, please go to westernstandardonline.com.
00:26:48.740Click on membership. It's only $10 a month or $99 a year. Try it free for 15 days.
00:26:53.640Promise you're going to like it. Well, that's it. Corey, Mel, it's been a slice.
00:27:00.740have a good evening yeah and tune in tomorrow i got more ranting to come
00:27:05.440tomorrow yes uh tomorrow uh 11 30 a.m every weekday actually at 11 30 a.m
00:27:11.120mountain standard time check out triggered with cory morgan i love it thank you very much